USD/JPY Weakness To Persist On Dovish FOMC Minutes

USD/JPY Weakness To Persist On Dovish FOMC Minutes

    The Japanese Yen outperforms its major counterparts going into the last full-week of November, and USD/JPY may continue to give back the rebound from the 2017-low (107.32) should the Federal Open Market Committee (FOMC) Minutes drag on interest-rate expectations. In light of the muted reaction to the 13.7% rise in U.S. Housing Starts, it seems […]
New Residential Housing Starts Up 13% In October

New Residential Housing Starts Up 13% In October

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for October new residential housing starts. The latest reading of 1.290M was well above the Investing.com forecast of 1.185M and an increase from the previous month’s upwardly revised 1.183M. Here is the opening of this morning’s monthly report: Housing Starts […]
As Oil Heads For Down-Week, Crude Stakes Are Huge

As Oil Heads For Down-Week, Crude Stakes Are Huge

After five straight weeks higher – read by many as confirmation of how awesome the global coordinated recovery must be – WTI and Brent dropped this week as inventories rose, demand outlooks dimmed, and OPEC hope faded. As Alhambra Investment Partners’ Jeffrey Snider notes, there is a titanic struggle going on right now in the oil market. On the […]
Wal-Mart Stores Makes All-Time Highs After Earnings Report

Wal-Mart Stores Makes All-Time Highs After Earnings Report

Wal-Mart Stores, Inc. (NYSE: WMT) On Thursday, November 16th, 2017, Walmart stores reported their fiscal quarterly earnings before the market open for trading.  Walmart reported revenue of +$1.23 billion dollars which compares with +$1.21 billion dollars in the year-ago period. Earnings came in at $1 per share after adjustments, while analysts had been expecting $0.97 […]
October 2017 Residential Building Improves

October 2017 Residential Building Improves

The headline residential building permits improved and construction completions improved. But we keep our eyes on the rolling averages because of the significant monthly fluctuations. Analyst Opinion of Residential Building The backward revisions this month were moderately upward.The nature of this industry normally has large variations from month to month (mostly due to weather) so […]
Wal-Mart ETFs To Buy On Blockbuster Q3 Results

Wal-Mart ETFs To Buy On Blockbuster Q3 Results

Wal-Mart (WMT – Free Report) reported blockbuster third-quarter fiscal 2018 results. The mega retailer continued its long streak of positive earnings surprise as it beat estimates for the ninth consecutive quarter. It also topped revenue estimates and offered an upbeat guidance for the holiday quarter and the fiscal year. Per Bespoke Investment Group, this is only the […]
CPI In October 2017 And Gold

CPI In October 2017 And Gold

On Wednesday, a report on U.S. consumer inflation was released. What does it imply for the gold market? As we predicted last month, the monthly rate of inflation slowed down in October after soaring in September due to disruptions caused by hurricanes. Consumer prices increased 0.1 percent. The move was driven mainly by higher housing costs (which jumped […]
Ross Stores (ROST) Rallies On Solid Q3 Earnings, Raised View

Ross Stores (ROST) Rallies On Solid Q3 Earnings, Raised View

Ross Stores, Inc. ROST reported solid third-quarter fiscal 2017 results, wherein both the top and bottom lines topped estimates and improved year over year. Further, earnings came ahead of the company’s projection despite the tough year-over-year comparisons, volatile retail environment and the impact of two major hurricanes during the quarter. Driven by the continuation of trends witnessed […]
RecessionAlert Weekly Leading Index Update – Friday, Nov. 17

RecessionAlert Weekly Leading Index Update – Friday, Nov. 17

The latest index reading came in at 26.1, up from 25.1 the previous week. RecessionAlert has launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes […]
Crude Oil – General Stock Market Link

Crude Oil – General Stock Market Link

On Thursday, the overall situation in crude oil hasn’t changed much as the commodity wavered around the January peak. Will the relationship between black gold and the general market give us more clues about future moves? Crude Oil’s Technical Picture Let’s examine the technical picture of the commodity (charts courtesy of http://stockcharts.com). From today’s point of […]