Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry
We keep returning to the subject of Australia and the growing signs that its bubble economy is bursting. Earlier this month, we discussed how the world’s longest-running bull market – 55 years – in Australian house prices appears to have come to an end. We followed this up with “Why Australia’s Economy Is A House Of Cards” in which […]
USDCAD Daily Analysis – Friday, Dec. 1
USDCAD extended its upside movement from 1.2672 to as high as 1.2909. Further rise to test 1.2916 resistance would likely be seen. A breakout of this level could signal resumption of the longer term uptrend from 1.2061 (Sep 8 low), then the following upside movement could take price to 1.3100 area. Near-term support is at […]
Gold Extends Losses As U.S. Stocks Rally
Gold prices fell $9.14 an ounce on Thursday, weighed down by recent gains in stocks. The precious metal extended its losses after the support of the $1279.80-$1278.60 area, the confluence of a horizontal support and a short-term bullish trend line, was broken. XAU/USD is currently trading at $1274.12, slightly lower than the opening price of […]
It’s National Income That Should Be Setting Expectations
With all the focus on the unemployment rate, and therefore wages, Economists have been given the luxury (of sorts) of not having to answer for a larger, more basic incongruity. At 4.1% unemployment, supposedly, competition for workers given the scarcity of them who are unattached (low or no slack) should be driving up pay rates. […]
Spending Up 2.6% YOY, Income Up 1.6% (Similar Story All Year)
The BEA’s income and outlays report shows Real Disposable Income is up 1.6% from a year ago. Spending is up 2.6%. The BEA’s Income and Outlays Report shows consumers have been tapping savings all year to support purchases. Consumers spent 2.6% more than a year ago. Incomes are up only 1.6% from a year ago. That pattern […]
Stocks To Trade: WUBA, RSPP, ATI
Friday’s stock picks: Take a look at three trading ideas to prep you for the next trading session. Long 58.com (WUBA) Long RSP Permian (RSP) Short Allegheny Technologies (ATI)
EUR/USD: ECB To Sound More Hawkish In Early 2018; Flows To Push For Further EUR Gains
Euro/dollar is rising once again, holding its ground above 1.19. There are reasons for optimism if we look at the German GDP data as well as other figures. What’s next for the ECB? Here is the view from CIBC: Here is their view, courtesy of eFXnews: CIBC FX Strategy Research discusses its EUR/USD outlook going into 2018, […]
Sensex Opens Higher On GDP Boost; Realty & Automobile Stocks Gain The Most
Asian stock markets are trading mixed today. The Shanghai Composite is lower by 0.20% while the Hang Seng and Nikkei 225 is trading flat. On the Wall Street, Thursday session closed with huge gains as the Dow Jones Industrial Average crossed the 24,000 landmark for the first time and the S&P 500 also reached new record closing highs. Back home, India share markets have opened the […]
WTI Crude Oil And Natural Gas Forecast – Friday, Dec. 1
WTI Crude Oil The WTI Crude Oil market was very noisy during the trading session on Thursday, as we bounced around the $57.50 level. This is a market that continues to be very choppy, as there are a lot of issues with this market. The OPEC production cuts are being extended, but quite frankly the […]
October 2017 Median Household Income
Median household income in the U.S. rose to $58,643 in October 2017, an increase of 0.2% from our September 2017 estimate of $58,523. The following chart shows our estimates for the trends for both nominal (red) and inflation-adjusted median household income (blue) from January 2000 through September 2017. In nominal terms, the most recent trend for median […]
