The Incredible Shrinking Yield Curve
Flattening may fatten investors’ wallets Even though the Federal Reserve hasn’t tinkered with the Fed Funds target rate since June, interest rates have been ratcheting upward in anticipation of the next reset. Fed Funds are at the extreme left end—the short end—of the yield curve. The rate applies to overnight interbank loans of excess reserves. […]
Jobless Claims Drop Slightly More Than Expected
Because of the Thanksgiving holiday, this week’s release of Initial Jobless Claims was moved up a day, but even though the day of the report was different, the positive trend remains the same. While economists were forecasting claims to come in at a level of 240K from last week’s reading of 252K, the actual reading […]
November 2017 Initial Unemployment Claims Rolling Average Again Worsens
Hurricanes continue to impact claims taking procedures in the Virgin Islands, but Puerto Rico improved. The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 238 K to 240 K (consensus 240,000), and the Department of Labor reported -239,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality […]
Everything You Need To Know About Unsecured Loans
Financial jargon can feel like it’s hard to get your head around at times. With so many acronyms, abbreviations and even the odd bit of Latin, it can be difficult to fully understand what you’re getting into. The pace of annual customer credit growth was 9.9% last month, and some experts are concerned that consumers don’t […]
The Uncertainty Principle In Markets
As an investor, what do you prefer: certainty or uncertainty? Certainty, of course. We all do. When things seem certain, the future looks bright and we embrace risk-taking. When things seem uncertain, it’s hard to imagine things ever getting better, and we shun risk at all costs. But is there really such a thing as […]
EUR/USD Risk Still Remains Lower On Pullbacks
EUR/USD: The pair remains weak and vulnerable to the downside despite its price hesitation. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at […]
Pound Slides, Then Rebounds, After Hammond Reveals Sharp Cuts To UK GDP Forecast
Update: after the GBP initially dropped on the lower GDP forecasts, it has since rallied after Hammond finished speaking, in what Citi said was a “relief rally” as there were no “banana skins and government safe. Relief trade here.” This was a risk event – while Budget Announcements are normally quite quiet affairs in FX, […]
Weekly Unemployment Claims: Down 10K
Here is the opening statement from the Department of Labor: In the week ending November 18, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 13,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 249,000 to 252,000. The 4-week moving average was 239,750, […]
It’s About Time: S&P 500 A/D Line Makes A New High
For more than a year now, we have repeatedly highlighted how the S&P 500’s cumulative A/D line has consistently confirmed each new high in the S&P 500. For those unfamiliar with the term, the cumulative A/D line is simply a running total of the net number of S&P 500 components rising in price (stocks trading up […]
3 Best Non-U.S. Mutual Funds For Marvelous Returns
Investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure. Moreover, non-U.S. mutual funds are excellent choices for those looking to diversify their investments across a wide range of foreign countries including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove to be profitable. Below we share […]
