Secular Trends In Residential Building Permits And Housing Starts – Monday, Nov. 20
On Friday, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to […]
Dividend Underlying Growth Pushes Payouts To All-Time High
Dividends are the investor’s best friend. While companies such as Berkshire Hathaway, Amazon and Google eschew dividends in favor of reinvesting capital, there’s no denying that for the rest of the market, dividend distributions are essential for returns. Indeed, in 2015 Hartford Funds published a white paper on the power of dividends, which found that Going back to […]
AUDUSD Daily Analysis – Monday, Nov. 20
AUDUSD’s downside movement from 0.7729 extended to as low as 0.7535. Near-term, resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downside movement could be expected to continue and next target would be at 0.7328. On the upside, a clear break above the […]
Trump’s Asia Strategy, Goals And Realities
Trump’s critics claim he lacks a comprehensive approach to Asia. In reality, his current approach is aligned with moderate “America First” goals. But what did Trump really achieve in Asia? If President Obama’s pivot was based on multilateral trade agreements, which were mainly geopolitical and predicated on exclusionary politics against China, Trump’s interest is in […]
GBP/USD Progressive Trend Towards 1.3310
The GBP/USD has been making a progressive trend move towards 1.3310. However, there is still resistance out there that needs to be taken away. The pair has formed W bullish pattern and the POC zone is wider today due to Friday’s price action and confluence tools. 1.3195-1.3225 is the POC zone (W, Order block, ATR […]
Markets: Helter Skelter
Well, it’s a new day, and nothing has changed. My two points of proof are waking up to an inbox packed with idiotic spam: ……and seeing equity markets, down hard yesterday night, are green, by government decree: The driving force behind this, of course, was zaniness in the EUR/USD and DAX thanks to Germany’s Merkel […]
GBPUSD Consolidates But With Bull Risk
GBPUSD pair may have hesitated the past week, but remains slightly biased to the upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands […]
Nigerian Economy Consolidates Growth In Q3; Expands 1.4%
Nigeria, Africa’s largest economy consolidated second-quarter recovery following the surge in global oil prices. The economy grew by 1.4 percent in the third quarter, according to the National Bureau of Statistics report released on Monday. This was higher than the revised 0.72 percent recorded in the second quarter and slightly below 1.5 percent growth projected by most […]
Turkish Lira, Bonds Crash As ‘Secret Gold Trade’ Trial Begins, Implicates Leaders
For the first time in history, Turkish 10Y bond yields topped 13% this morning and the currency just plunged to a new record low against the dollar as the trial of the gold-trader at the center of the “secret gold trade” with Iran begins today and looks set to implicate Turkish leadership as we warned. For full background on […]
Oil Up-Cycle
Oil traders have amassed a record long position in oil as global demand rises and supply of distillate stocks remain tight. Money managers increased their net longs by 28,297 contracts to 409,963 or equivalent of nearly 410 million barrels of oil, according to Reuters. This comes as U.S. shale producers hold off on adding oil […]
