The US Dollar Is Falling Against Major Currencies
Yesterday, mixed data on the labor market in the United States was published. As a result, the US currency fell against other major currencies. The US dollar index (#DX) closed the trading session with a slight increase (+0.06%). Yesterday, positive statistics on the economy of the eurozone was published, which contributed to the growth of […]
Stocks To Trade: EVTC, CORT, OI
Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Evertec (EVTC) Long Corcept Therapeutics (CORT) Short Owens Illinois (OI)
That’s Some ‘Sweet Spot’
December 2014 was something of a high-water mark. Early on in that month, the BLS had published payroll numbers (Establishment Survey) that too many confirmed the narrative. For the previous month, November, the US economy purportedly added massive 321k new jobs. The media was predictably uncontrolled in its glee. Any survey of mainstream headlines for […]
Global Debt Rises To $233 Trillion In Q3, 2017
Global debt jumped by $16 trillion to $233 trillion in the third quarter of 2017, Institute of International Finance reported. According to the report, private non-financial sector debt in countries like Canada, France, Hong Kong, South Korea, Switzerland, and Turkey hit an all-time high during the period under review. But global debt to gross domestic […]
Sensex Trades Strong; Airtel Up 3%
After opening the day in green, share markets in India have continued the momentum and are presently trading above the dotted line. Sectoral indices are trading mixed with stocks in the energy sector and stocks in the PSU sector trading in red. While stocks in the realty sector are trading in green. The BSE Sensex is up by 130 points (up 0.4%) and the NSE Nifty is […]
WTI Crude Oil And Natural Gas Forecast – Friday, January 5
WTI Crude Oil The WTI Crude Oil market initially pulled back during the trading session on Thursday, but turned around to form a hammer at the $62 handle. It looks likely that we are going to continue to go higher, but I recognize that there could be a bit of volatility today, due to the […]
Organize Your Trading Like A Pro
Surfing the web during the New York Snowpocalypse yesterday I stumbled across a Business Insider video on how to tackle your debts. I am what’s known as a “deadbeat” in the credit card business because I pay my bill in full every month, but the video had some great points to make about how to […]
Global Commodities Surge To Longest Win Streak In History
The Bloomberg Commodity Index, which tracks returns on 22 raw materials, posted an unprecedented 14 days of gains to Wednesday, closing at the highest since February. In fact, the global commodity index has not had a down day since The Fed hikes rates in December… (So, commodities are soaring and the USD plunges as The […]
Fed Torn On The Effects Of The Tax Cut; Altcoins Pick Up Crypto Slack
Bitcoin Stops Rallying But Altcoins Pick Up The Slack Bitcoin hasn’t made a new high since the peak at $19,600 3 weeks ago. The latest price is $15,000. However, the altcoins have been exploding in the past few days. This has led the total market cap of all the cryptocurrencies to reach $763 billion. Bitcoin’s […]
Wages Might Finally Be Beginning To Rise
The Wall Street Journal has a piece out about wage rates in the tightest urban markets like Minneapolis. And what they found is that wages rates in these markets is beginning to rise. That doesn’t mean inflation will rise. However, it does put more pressure on the Fed. We’re talking about regions with unemployment levels well below […]
