Australia’s Unemployment Improves Further; Falls To More Than 4-Year Low
The number of unemployed people in Australia dropped to more than four-year low in October, the Australian Bureau of Statistics said on Thursday. The seasonally-adjusted jobless rate for the month of October declined to 5.4 percent from 5.5 percent in September. This was the lowest unemployment rate since February 2013. A disappointing net 3,700 jobs were […]
Art Market Send Important Signal To Stocks Yesterday?
Activity in the art/collectible markets yesterday caught my attention. A once-lost portrait of Christ by the iconic Renaissance man Leonardo da Vinci sold Wednesday at auction for $450 million, roughly triple its anticipated price and the most ever paid for a creative work of human genius. Bloomberg reported that the largest known fancy intense pink diamond went unsold […]
Canadians Paying Dearly For Their Housing
Another housing study has come to familiar conclusions: Canada boasts the least affordable housing in North America. With a median family income of just under $65,000 a year, it would take 7.5 years for a family to pay off the median-priced home valued at 485K. That’s if they were able to live on air and direct ever […]
UK Unemployment And Numbers Employed Both Fall
You could be forgiven for thinking that if the number of people who are employed declines then the number of unemployed people must have risen (unless they all retired, or died, of course). However, the UK has managed the feat of achieving lower numbers of people in and out of work without (as far as […]
E USD Index Is Still Looking Lower Within A Bearish Impulse
Good day traders! Hope everybody is doing great. Today’s focus is on USD Index, its 4h and mid-term view. USD Index has turned down sharply this week and formed a decisive break out of a corrective channel which is an important indication of a completed A)-B)-C) advance from September low. We see that as wave […]
Euro Extends Pullback
After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses after a three cent run-up over the past several sessions. There bearish candlestick (shooting star) leaves the late […]
Sensex Continues Uptrend; Auto Stocks Witness Buying
After opening the day on a positive note, the Indian share markets have continued the momentum and are currently trading comfortably in green. All sectoral indices are trading in green, with stocks in the IT sector and the auto sector witnessing maximum buying interest. The BSE Sensex is trading up 260 points (up 0.8%) and the NSE Nifty is trading up 78 points (up 0.8%). […]
AUDUSD Daily Analysis – Thursday, Nov. 16
AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 0.7500 area. On the upside, a clear break above the trend line resistance will […]
UK Retail Sales Rise By 0.3% – GBP Marginally Higher
It’s not all doom and gloom for the British consumer. Retail sales are up by 0.3% m/m, on top of a small upwards revision. Year over year, sales are down 0.3%, a bit better than -0.6% predicted. Excluding fuel, the volume is up by 0.1% and down 0.3%, all the figures are a bit above […]
Bonds Through The Cycle
The topic of the yield curve is one that has been coming up a lot lately, particularly as the 10s minus 2s spread has dipped to the lowest point since just prior to the financial crisis. A few people have referenced this as a bearish signal, and it’s true that you tend to see a […]
