Category Archive: Finance, No picture
2017/18 Stocks Higher Than USDA & Trade, But Wheat Up Slightly
Market Analysis Friday’s September Quarterly Stocks & Small Grains reports provided some surprises in both corn and soybean final stocks while wheat’s 2018 US crop size was modestly higher than its August level. This year’s final corn and bean supplies were higher than the USDA’s previous levels & the trade’ estimates. US all-wheat production was […]
Healthcare Sector Increases 14.1% In Q3
Healthcare Sector – Without GE Dow Increases 9.3% Healthcare was the best sector in Q3 as it increased by 14.1%. That was its best quarter since Q3 2013. The next two best sectors were the industrials and tech which were up 9.7% and 8.5%. While tech has changed its makeup, Apple remains in the sector. […]
Some Trade Clarity And A Look At The Major Miner Charts
(Audio length 00:10:51) Richard Postma joins me today to provide his thoughts on the recent Canada and US trade agreement. We also discuss the market reactions and take a step back to point out that there is still a lot of uneasiness around the world and around the trade picture. Finally we look at some […]
USD/CAD: Meet The New NAFTA, Same As The Old NAFTA
At Forex.com, we try to avoid writing about the same currency pair two trading days in a row, but occasionally big new developments make it impossible to avoid. That’s definitely the case when it comes to USD/CAD. On Friday, we highlighted the big rally in oil prices and decent GDP data pushing the loonie higher, but the […]
Canadian Dollar Price Outlook: Trading The USD/CAD Breakdown
The Canadian Dollar is on the offensive with news of a renewed US / Mexico / Canada trade agreement further supporting the Loonie early in the week. Here are the updated targets and invalidation levels that matter on the USD/CAD charts heading into the start of October trade. Review this week’s Strategy Webinar for an in-depth breakdown of this setup […]
Markit Manufacturing PMI: Ongoing Confidence In September
The September US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 55.6, up 0.9 from the 54.7 final August figure. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is an excerpt from Chris Williamson, Chief Business Economist at IHS Markit […]
Global Central Banks Enter The Danger Zone
Investors are experiencing huge moves in commodities, currencies, equities and in sovereign debt across the globe. And now the fall has arrived. Expect the volatility currently witnessed in markets to only surge. This is because global central banks have overwhelmingly turned hawkish in a vain attempt to gradually let the air out of the massive […]
Treasury Snapshot: 10-Year Yield At 3.05%
Note: We’ve updated this commentary with data through Friday’s market close. Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Friday at 3.05% and the 30-year bond closed at 3.19%. The 2-10 yield spread is now at 0.24%. Here is a table showing the yields highs […]
Crude Oil On The Rise
WTI Crude Oil is on the Rise. The advance on Monday confirmed the symmetrical triangle on the daily chart. The target is 78.40. The Factor Tracking Account is long the Nov mini WTI contract. Brent Crude The daily chart of the Dec Brent contract is well on its way to the 85.62 target. Factor is […]
Housing Bubbles Are Universally Destructive
Ever since this column started in 2000, I have been writing that British house property is hopelessly overpriced. There is no question this has been spectacularly bad investment advice – Londoners who owned a home in 2000 have at least trebled their money since then, doubling it in real terms. Nevertheless, it is possible for […]
