Weekly Forex Forecast – Jan. 14
The British pound fell initially during the week but then rallied rather significantly. More importantly, we broke above the 1.3650 level, which was the scene of a massive gap lower after the vote to move away from the European Union. Because of this, I think that the market will continue to find buyers on dips, […]
The World’s Pile Of Negative-Yielding Debt Just Shrunk By $1 Trillion In 8 Days
The global stock of negative-yielding debt is shrinking rapidly in 2018. A hallmark of the post-crisis policy regime, sub-zero yields signaled both investors’ persistent fear of the deflation boogeyman and expectations of continual support from policymakers. The willingness of the Fed, the ECB and the BoJ (not to mention the BoE and the Riksbank) to […]
Cryptocurrencies Are Sliding Again
Crypto bulls rejoiced on Saturday when a report in South Korea’s Chosun Ilbo repudiated the Justice Ministry’s warning that it would seek to stifle digital-currency trading in South Korea, and instead, the country is planning to implement a real-name accounting system. The news effectively put an end to the confusion surrounding the future of cryptocurrency policy in […]
E Gold Royalty Companies Are Attractive Despite High Valuations
Although royalties have been significant to the oil and gas (and other) businesses for many decades, they are relatively new to the gold and metals sector, particularly in the public market. The royalty model is straightforward, though there are many twists: in return for an up-front investment, the royalty company receives a percentage of gold […]
Drivers And Views
It is not easy to recall another week in which there were so many potential changes to the broad investment climate. The relatively light economic calendar in the week ahead may allow investors to continue to ruminate about some of those developments. Here we provide thumbnail assessments of the main drivers. China The PBOC modified the […]
USD/CAD Forecast Jan. 15-19 2018
Dollar/CAD advanced despite many things going in favor of the C$. Is it a correction to the big move following the jobs report? The Bank of Canada is left, right, and center in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. The BOC’s business survey was quite bullish on the economy, keeping […]
E Market Briefing For Tuesday, Jan. 16
The stock market has no fire safety override; and continues up as I’ve discussed by video. Clearly, the S&P is now (at last) becoming jammed overbought, with the massive upside spree that is (or should be) unsustainable as it pushes over 2800 perhaps. In sum, we’re not had any pullback and that’s the bearish alternative in […]
USD/JPY Weekly Analysis – January 14, 2018
USD/JPY is facing 110.84 support. A breakdown below this level could take price to the next support level at 109.50. Below here would aim at 107.31. On the upside, as long as 110.84 support holds, the price action in the trend range between 110.84 and 114.73 could be treated as consolidation of the uptrend from […]
Rising Rates And MLPs: Not What You Think
Five years ago my book Bonds Are Not Forever; The Crisis Facing Fixed Income Investors argued that interest rates were likely to stay lower for longer. Excessive debt led to the 2008 Financial Crisis, and our thinking was that low rates were part of the necessary healing process, allowing the burden of debt to be managed down. […]
CES 2018: Where Should You Invest Now?
Every year we cover the Consumer Electronic Show (CES), aka the biggest tech show on earth. And this year it’s no different. The 2018 CES show has just wrapped up in Las Vegas. The world’s biggest and smallest tech companies (bar Apple) have now unveiled all their hottest and most futuristic products. Much of the […]
