Category Archive: Finance, No picture
US Dollar Remains Biased Lower Before Tomorrow’s FOMC Meeting
The US Dollar (via the DXY Index) is trading lower following the daily hammer established yesterday, which hinted at a possible rebound. Alas, with the DXY Index falling back after another test of resistance at the late-August lows, losses are once again taking shape. It’s worth noting that the drop in the US Dollar is occurring while […]
Consumer Confidence Increased Further In September
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through September 14. The headline number of 138.4 was an increase from the final reading of 134.7 for August, an upward revision from 133.4. Today’s number was above the Investing.com consensus of 132.2. “After a considerable improvement in August, Consumer Confidence increased further in […]
GDP Growth Is Not The Same Thing As Real Economic Growth
In the New York Times September 14, 2018, in an article “We’re Measuring The Economy All Wrong,” the writer of the article David Leonhardt complains that despite strong gross domestic product (GDP) data most people don’t feel it. The writer of the article argues that, The trouble is that a handful of statistics dominate the public conversation […]
Your Semi-Annual Golden Week Reminder
It’s that time of year. September, the leaves start to turn and the air grows crisp. Autumn smells arrive; the Chinese prepare for their nationalist Golden Week. Ever since 2014 and the dollar’s rise, that is, eurodollar tightening especially in Asia, these holiday bottlenecks are never boring. To be shut down for an entire week […]
Fed Preview: Near-Term Path Set In Stone, All Eyes On 2019 And Beyond
It’s a testament to the success of the Federal Reserve’s post-crisis “Communication-as-a-Policy-Tool” philosophy that investors have “known” the outcome of this week’s Fed meeting (and likely the November and December Fed meetings as well) for weeks already. It’s essentially a certainty that the central bank will raise interest rates by 25bps at the conclusion of […]
Weekly Technical Perspective On The Crude Oil Prices (WTI)
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. Crude oil has rallied more than 11% off the August lows with prices now approaching topside resistance targets. Here are the key targets & invalidation levels that matter on the Crude Oil weekly chart. CRUDE OIL […]
Oversold Gold Likely To Continue The Upward Trend
In January, the XAU/USD pair was at 1,310. The price moved up to a YTD high of 1,366 and then started moving lower. In August, it reached a YTD low of 1,160 and then started to move up. Today, the XAU/USD pair reached a high of 1,200. At the same time, the dollar index started […]
BTC/USD Forex Signal – Tuesday, Sept. 25
Last Thursday’s signals gave losing trades at both $6,443 and $6,569 – both levels acted as resistance, but the trades did not advance far enough into profit to break even. However, I did take a bullish bias above the first resistance level. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm […]
FHFA House Price Index: Up 0.2 Percent In July
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for June. Here is the opening of the report: Washington, DC – U.S. house prices rose in July, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The […]
Jefferies Calls Amazon Undervalued, Says Shares Can Hit $3,000 By 2020
Jefferies analyst Brent Thill raised his price target for Amazon.com (AMZN) to $2,350 from $2,185 while publishing a 45-page deep dive on the company. A sum-of-the-parts analysis suggests greater than 50% upside to potential value of $3,000 by 2020, Thill tells investors in a research note. The stock closed yesterday up $19.35, or 1%, to […]
