Category Archive: Finance, No picture
E Global Economic Outlook Hasn’t Changed Despite Market And Trade War Jitters
The Bank of Canada, like other large forecasting agencies, expects the global economy to continue to be strong over the next two years, despite worries about the US-China trade war. Indeed, on the positive side, the proposed new trade agreement between Canada, the United States and Mexico reduces some of the trade policy uncertainty within […]
GBPUSD Weekly Analysis – Saturday, Nov.10
GBPUSD moved sideways in a trading range between 1.2661 and 1.3298. The price action in the range is likely consolidation for the downtrend from 1.4376 and another fall could be expected after the consolidation. Support is at 1.2661 and a breakdown below this level could signal resumption of the downtrend. Resistance is at 1.3298, above […]
US Dollar Rebound May Continue On CPI, European Politics
US DOLLAR FUNDAMENTAL FORECAST: BULLISH US midterm elections outcome, FOMC rate decision drive Dollar upward Upbeat inflation data may boost Fed rate hike bets, adding to USD gains Sluggish Brexit talks, jitters in Italy and Sweden may stoke haven demand US midterm elections delivered as expected last week, producing a divided Congress as the Democrats reclaimed control of the House of […]
Economic Data And Forecasts For The Weeks Of November 12 And 19
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of November 12 November 13 NFIB 108.0 107.9 108.0 Treasury Budget – October -$122.0B 119.9 -111.8 November 14 […]
Did You Think The Selling Was Over?
Stocks took a hit on Friday, but in this crucial weekend video newsletter we want to look at the type of stocks taking a hit. Investors are pulling funds out of the wealth effect stocks and into more safe and recession-proof stocks. Watch this video to find out about the trading opportunities ahead.
Is The Australian Dollar Signaling A Resumption Of The US Dollar’s Advance?
The US dollar strengthened following the midterm election and the Federal Reserve’s signal that it intends to continue gradually hiking interest rate. The Antipodean currencies have been the strongest over the past month and the past week. The New Zealand dollar gained 1.6% to lead the majors higher over the past week, which brings to a 4.3% gain […]
5 Top-Ranked Growth ETFs & Stocks To Tap Post Mid-Term Rally
The mid-term election outcome has sparked a rally in the stock market. Democrats won the House of Representatives as expected while the Republicans maintained control of the Senate. This has resulted in a split Congress with a Republican president. In fact, both the Dow Jones and the S&P 500 logged in the biggest post-midterms gain […]
ECRI Weekly Leading Index Update: WLIg At -2.6
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.0, down from the previous week’s 146.1. Year-over-year the four-week moving average of the indicator is now at 0.19%, down from last week. The WLI Growth indicator is now at -2.64, also down from the previous week. “Eurozone: […]
