USD/JPY Recovers – Forecast Dec. 4-8 2017
Dollar/yen finally found its footing and began recovering. The USD enjoyed a potent mix of good data, positive comments from Fed officials and upcoming tax cuts. The yen did not manage to ride on fears from yet another North Korean missile test. Will it continue higher? Update: The Senate approved the bill by 51 to 49. […]
A Primer On The Bear’s Eye View
Back from my two week break and nothing much has changed: Dow Jones continues advancing Gold is range bound at current levels since the beginning of October The Dow Jones broke above 24,000 this week on Thursday. It was trading in the 23,000 range only since October 18th, a month and a half back. What’s […]
E Market Briefing For Monday, Dec. 4
‘Epic chaos’ on Monday roiled markets dramatically; but notably primary uptrends in the S&P or any other major index, were NOT broken as of yet. Much developed after the close, including ABC News recanting their story that ignited the fury (a ‘clarification’ as they called it); with a world of serious difference from what […]
November MLP Fund Flows Overwhelm Fundamentals
In a single week in mid-November, from the 15th to 22nd, $317 million flowed out of MLP mutual funds. It was an extraordinary exit over such a short period, second only in recent history to the first week of December 2015, when $340 million bolted. That was a time when every seller was motivated while buyers were scarce. […]
Why Are Top Analysts Obsessed With These 3 Disruptive Stocks?
TipRanks covers the latest market activity on over 5,000 stocks from eight different sectors. Here we focus in on three particularly interesting stocks. These are stocks that have the power to disrupt- and have significant backing from the Street. All these stocks have a ‘Strong Buy’ rating from the best-performing analysts- and big upside potential from […]
Gold Stays Confined, But Silver’s Way Behind
We were privileged to kick off the month of December yesterday (Friday) by taking coffee late in the trading session over at “the club” with a great and good friend of The Gold Update. In sharing the screen over which we’d been brooding since midnight of the S&P 500 futures, their having floundered on the […]
Sell Cryptos – Buy Gold
During the 2006-9 financial crisis, a collapse of the global financial system was avoided by massive money printing, guarantees and allowing banks to value assets at cost rather than market, as well as a panic lowering of interest rates from as high as 6% in the US to zero or negative. Bonds issued by eight […]
EUR/USD Targeting Further Bull Pressure, Eyes 1.1960 Zone
The EUR/USD pair faces further upside as it looks for more strength. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1850 level […]
EC Earnings Growth Accelerates In 2018
Here are the key points from the week’s earnings trends: • We will start getting the earnings Q4 results in about two weeks’ time, though the reporting season will really get going only in the second week of the New Year. • Total Q4 earnings are expected to be up +8.6% from the same period last year […]
Weighing The Week Ahead: A Strong Outlook Gets Even Stronger
The economic calendar is another big one, with an emphasis on the employment situation. Despite this, everyone will be scrambling to analyze the tax cut legislation. I expect many to be asking: What do the tax cuts mean for financial markets? Last Week Recap In the last edition of WTWA I predicted that attention would turn to the […]
