EURUSD: Trump Has Halted The Dollar’s Slide
Previous: On Thursday the 25th of January, trading on the euro closed down on a day of high volatility. Sharp price fluctuations were seen on the major currency pairs as a result of comments from Trump, Mnuchin, Draghi, and Jordan. After hitting a new high in the European session, the euro entered a sideways trend leading […]
GDP: Here’s The Final Forecasts
The first estimate for 4th-quarter GDP is due today. Let’s take a look at some estimates. GDPNow The GDPNow estimate as of January 25 is 3.4%. Nowcast The Federal Reserve Bank of New York Nowcast estimate as of January 18 is 3.9% Econoday Consensus The Econoday consensus estimate is 2.9% 2.2% to 3.3% is quite a range. Factor in Nowcast and […]
Gold: It Pulls Back On Profit Taking
Gold prices ended Thursday’s session down $9.14 an ounce, as the dollar bounced after U.S. President Donald Trump said he wanted a strong dollar. Some normal profit-taking pressure was also behind gold’s 0.67% decline yesterday. The market challenged the resistance at $1365 twice, but it was unable to pass through. Consequently, XAU/USD fell below $1355 […]
The Blow-Off Premium
How am I expected to offering multiple posts a day commenting on a market that basically looks like this? Well, it is what it is, right? I have been around for nearly thirteen years now, and I’m not going to walk away just because things have been Oh My God Boring And Awful for the past few […]
Uncharted Territory
We’re living in unusual times, and trying to predict market movements is extremely difficult, which is why this time on the Big Picture, Jim Puplava discussed what’s concerning him and where we might expect to see market challenges develop in the near future. Strange Days Afoot Based on a number of metrics, we are living […]
How Uncle Sam Launders Marijuana Money
In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits. Onerous reporting requirements are driving small local banks to sell out to Wall Street. Congress needs […]
US Small Business Optimism At Decade Highs As We Await GDP Report
People like Jeremy Grantham, Ray Dalio and Larry Fink are onto something when they talk about the stock market moving into overdrive because of economic growth. As we await the latest US GDP numbers tomorrow, all of the data are pointing up. And this portends well not just for tomorrow’s number but for Q1 2018 […]
Stocks To Trade: KEM, ALSN, JNPR
Friday’s stock picks: Long Kemet (KEM) Long Allison Transmission (ALSN) Short Juniper Networks (JNPR)
USDCAD Daily Analysis – Friday, Jan. 26
USDCAD remains in the downtrend from 1.2590, the bounce from 1.2281 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2200 area. Near-term resistance is at 1.2400, only break above this level will suggest that lengthier consolidation for the downtrend from 1.2920 is underway, […]
S&P 500 And Nasdaq 100 Forecast – Friday, Jan. 26
S&P 500 The S&P 500 has gone back and forth during the trading session again on Thursday, as it seems as if we are running into a bit of a brick wall. This is a market that is a bit overextended, so I would not be surprised to see a pullback. The US dollar started […]
