Gold – Friday, March 2
The bear trap has delivered a short-term bullish signal with a close stop-loss. Source: INVESTING.com
Broken Promises
Consumer debt, corporate debt, and government debt are all going up. But that’s not all. Margin debt – debt that investors borrow against their portfolio to buy more stocks – has hit a record of $642.8 billion. What in the world are people thinking? Clearly, they’re not thinking. Because thinking takes work. Most people don’t like […]
Here’s Why You Should Buy Dividend Growth ETFs Now
Interest rates and volatility are both rising this year. And investors need to adjust their portfolios to these changing trends. Investing in dividend growth ETFs makes a lot of sense in the current environment. These ETFs hold high-quality companies that usually have solid balance sheets and strong cash flows. I spoke to Kieran Kirwan, a […]
USD/CAD Daily Analysis – Friday, March 2
USD/CAD’s upside movement extended to as high as 1.2895, facing the previous high resistance at 1.2920 (Dec 19, 2017 high). As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and a breakout of 1.2920 resistance could take price to 1.3100 area. […]
Yen Surges On BOJ Stimulus Exit
The Governor of the Bank of Japan Haruhiko Kuroda said on Friday that the apex bank will start looking into balance sheet normalization in 2019. Making it the first time the bank will be specific on normalization policy. The yen gained across the board following the comments, gaining 0.53 percent against the U.S dollar to […]
Housing Market Review (February, 2018) – Stalled And Toppy
The last Housing Market Review covered data reported in January 2018 for December 2017. At the time, I described the ominous breakdown of the iShares U.S. Home Construction ETF (ITB), but I was not yet ready to connect the dots on the bearish implications. I am now. ITB has continued its breakdown by first severely underperforming the […]
Demand For The US Dollar Weakened After Donald Trump’s Statements
Yesterday, the US dollar kept support after the speech of the Fed`s chairman, Jerome Powell. The official reported on the improvement of the US economy, which increased the likelihood of a further increase in the Fed’s interest rate this year. However, the US currency was under pressure after the US President Donald Trump stated that […]
Triple Tantrum: Stocks Sink, GOP & EU Outrage On Trump’s Steel Tariffs
Trump announced sweeping new tariffs on steel and aluminum. The stock market threw a tantrum and so did GOP leaders. Feature images is of a steel mill in Germany from the New York Times article Trump Plans Tariffs on Steel and Aluminum and Markets Slump. The NY Times commented “At a White House meeting on Thursday, President […]
Stocks To Trade: SFLY, X, HD
Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Shutterfly (SFLY) Long US Steel Group (X) Short Home Depot (HD)
Dollar Struggles For Traction After Trump Remarks
The US Dollar came under some sell pressure after the US President announced his decision to implement tariffs on specific imports, namely steel, and aluminum. That news resulted in the reverse of momentum for the greenback which would otherwise have been headed for a recovery. Donald Trump said that the imposition of the tariff was […]
