Category Archive: Finance, No picture
Beware The ‘Tightening Tantrum’ And Fear The ‘Lights-Out’ Trade
Before you get too swept up in the prospects for a squeeze higher in equities into year-end, don’t forget that the confluence of bullish technicals which have variously conspired to ignite a powerful rally of the late October lows are playing out against a backdrop of tightening financial conditions. That’s the message from Nomura’s Charlie […]
Retail ETF (FTXD) Hits New 52-Week High
For investors seeking momentum, First Trust Nasdaq Retail ETF (FTXD – Free Report) is probably on radar. The fund just hit a 52-week high, and is up roughly 27.3% from its 52-week low price of $19.48/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on […]
EUR/USD Threatens Yearly Low As Euro Worries Back In The Spotlight
RETURN OF THE RISK TRADE UNDER REVIEW AS EUROPEAN WORRIES MOVE BACK TO MAIN STAGE It’s been an encouraging November thus far, for the most part, and this follows what had become a worrisome month of October as the risk trade pretty much collapsed the world around. While all of the Dow, Nasdaq 100 and S&P 500 all set fresh […]
Here’s What’s Important For Investors – Fed Policy, Energy Sector, Metals, And Trade
Chris Temple joins me today to recap the last three days in the markets and his thoughts on the election and Fed statement. The key markets to note include the divergence in the energy sector between oil and natural gas, the metals continuing to sell off (this time it includes precious metals and base metals), […]
October Producer Price Index: Core Final Demand Up 0.5% MoM
Today’s release of the October Producer Price Index (PPI) for Final Demand came in at 0.6% month-over-month seasonally adjusted, up from last month’s 0.2%. It is at 2.9% year-over-year, up from 2.6% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.5% MoM, up from 0.2% the […]
Global GDP Still Propped Up By A Massive Amount Of Debt
While the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. Or should I say, the “supposed growth.” The days of adding one dollar of debt to get one dollar of GDP growth have been long gone for more than 40 […]
One Direction More Likely For Bitcoin
The recent period of sideways trading may make traders impatient or even discouraged altogether. At any rate, those who crave more action in Bitcoin could be driven out of the market. But this is no time to bet on Bitcoin staying docile. If the recent months haven’t exactly been rosy for Bitcoin traders, there are […]
Saudi Arabia Is Evaluating A Break Up Of OPEC
In potentially groundbreaking news – which failed to generate a market response as it hit at the same time as the FOMC statement – Saudi Arabia’s top government-funded think tank is said to be studying the possible effects on oil markets of a breakup of OPEC, a research effort which the WSJ called “remarkable” for a country […]
Electric Vehicle And Battery Metal News
Video Length: 00:15:37 We are witnessing a generational shift towards the electrification of energy. The growth in the development of electric vehicle(EV) market is astounding. Billions in investments are pouring in to drive research and development in EV batteries, superchargers and new EV models. Here are the latest developments in the electric vehicle and battery […]
USDCAD Daily Analysis – Friday, Nov. 9
USDCAD broke above 1.3169 resistance, suggesting that the uptrend from 1.2782 has resumed. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3048, only a breakdown below this level could signal completion of the uptrend.
