USD/JPY Triggers Corrective Recovery, Eyes 109.00 Zone
USD/JPY: The pair saw a saw recovery during early trading today opening the door for correction in the days ahead. On the downside, support comes in at the 108.00 level where a break if seen will aim at the 107.50 level. A cut through here will turn focus to the 107.00 level and possibly lower […]
GBP/USD Rips, EUR/GBP Dips Ahead Of U.K. Inflation, BoE Rates
Last week closed on a sour note for the U.S. Dollar, as the currency continued the 2017 down-trend after having set a fresh 2.5 year low earlier on Friday morning. This extends the U.S. Dollar’s downside run beyond the 12% marker for this year, and even a dovish ECB meeting last week was unable to […]
The Earnings Recovery Remains An Illusion
While analysts hail “the best earnings season in 13 years,” the market has delivered a solidly lackluster response. Over the past month, the S&P 500 is down roughly 1% despite a string of earnings beats. With valuations this stretched, the market no longer appears willing to reward companies merely for beating quarterly expectations. Perhaps more […]
CanniMed Therapeutics Reports Financial Results For Q3 2017
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. CanniMed Therapeutics Inc. (TSX: CMED)(CMMDF) today released its financial results for the three and nine months ended July 31, 2017. Highlights Sales of $4.8 million in the quarter were 80 per cent higher than […]
Key Events In The Coming Week: BOE, SNB, Inflation And Retail Sales
In a somewhat quieter week for economic news, this week’s focus is on BoE and SNB policy meetings as well as on inflation releases in US, UK, China and others. Other releases of note include retail sales in the US, UK and China along with industrial production in US, Eurozone & China. Key events: Tuesday: UK Inflation Data […]
Irma Bombeck
The “nuclear” Hurricane Irma is grinding its way into extinction, and already the teeth-gnashing and chest-grabbing about what an apocalyptic storm it would be is fading just as fast. Damage estimates look to be about four times as big as reality. Not to say that it wasn’t a nasty storm, but the markets are rallying on the […]
The Most Important Paper Of The Next Decade
Whenever I tell people the next big crisis will come from inflation, not deflation, the looks of disgust are worse than when someone says Justin Bieber’s music is not that bad. And when I try to tell them that the true bubble is in fixed income, not stocks, they look at me as if I […]
The Road To Normal
Already in the aftermath of Hurricane Irma, the market is looking ahead to the road to normal. Already the focus in oil seems to be shifting away from demand destruction to the surge in demand we will get when we start to rebuild. U.S. refineries are coming back on line from Hurricane Harvey to only […]
EC The Bear’s Lair: Cryptos Are Sounder Than Today’s Currencies
Crypto-currencies are an entirely imaginary form of money, dreamed up by pimply nerds in basements. Or so it seemed. Yet examine the algorithms behind some of the better crypto-currencies, and look in contrast at the monetary policies that have devastated the last decade. You will recognize two things. First, fiat money is fiat money, whether […]
