Category Archive: Finance, No picture
Moving Averages: September Month-End Update – Friday, Sept. 28
The S&P 500 closed September with a monthly gain of 0.43% after a gain of 3.03% in August. All three S&P 500 MAs are signaling “invested” and three of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard REIT Index (VNQ), and PowerShares DB Commodity Index (DBC) — are signaling “invested”. The […]
Italy Seeks To Abolish Poverty Via Bigger Deficits, Guaranteed Income
Italy’s 5-Star/League coalition seeks a 2.4% budget deficit including a guaranteed income provision. Brussels bristles. Italy Seeks to Abolish Poverty The BBC reports Italy’s Populists Agree Budget to ‘Abolish Poverty’. The ruling Five Star and League parties said late on Thursday that they had agreed to set the budget deficit at 2.4% of GDP. They will […]
USD/CAD Pressing Key Support At 1.2900 Once Again
USD/CAD is dropping sharply today to retest a key short- and long-term support level near 1.2900 – a break below there could expose the next long-term Fibonacci level near 1.2725 in time. Video Length: 00:04:25
Personal Income Rises 0.3%, Inflation Benign
Those looking for an explosion in either income and especially inflation did find what they were seeking in August. The BEA’s Personal Income and Outlays Report for August has the details. Personal income increased $60.3 billion (0.3 percent) in August. Disposable personal income (DPI) increased $51.4 billion (0.3 percent) Personal consumption expenditures (PCE) increased $46.4 billion (0.3 […]
Prospects Of Canada Out Of NAFTA Sends Loonie Lower
Canada is the second biggest trading partner of the United States. Every year, the country exports goods worth more than $500 billion to the US. These goods include automobiles, lumber, and petroleum among others. During the 2016 election, Donald Trump talked passionately about NAFTA and how the deal had devastated the United States. Most importantly, […]
Weekly Technical Perspective On Gold Prices (XAU/USD)
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Gold is down nearly 13% from the yearly highs with price trading just above long-term structural support heading into the close of the third quarter. Here are the key targets & invalidation […]
The Numbers In Japan
What is economic growth? This isn’t an easy question to answer. Most people might respond with a reference to GDP. That wouldn’t necessarily be an incorrect one, but it may not be exactly on point, either. GDP was developed in order to try and assess economic growth, and over the years has simply become a […]
Chicago PMI Declines In September
The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
Canadian Dollar Enjoys GDP, But Not NAFTA
Fear of excluding Canada from NAFTA and the Fed sent the loonie higher, but GDP helped it recover. Friday’s jobs reports from both countries stand out in the first week of October. The technical picture is mixed for the USD/CAD. This was the week: Is NAFTA slipping away from Canada + Fed hike US President […]
