USDCAD Daily Analysis – Monday, Nov. 13
USDCAD extended its downside movement from 1.2916 to as low as 1.2666, facing the bullish trend line on its daily chart. 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 further decline towards 1.2433 […]
Russian Roulette At The Fed
Written by Rick Ackerman, Rick’s Picks Fed Hoping for ‘Bad’ Inflation News Bloomberg News has been drum-rolling Wednesday’ scheduled release of CPI (Consumer Price Index) data, since a report suggesting inflation has remained subdued will complicate the Fed’s task of convincing the world more tightening is urgently needed. Yellen & Co. gave up pretending inflation was a big […]
Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme
Most defined benefit pension plans are nothing but Ponzi schemes. Plans are now unraveling because of demographics. An increasing number of retirees, needing untenable returns, are supported by fewer and fewer people putting money in the system. Democrats sponsored a bailout scheme. Will it pass? Pension and Investments reports Sen. Sherrod Brown to Unveil Multiemployer Loan […]
US Oil Rig Count Surges Most In 5 Months
Tracking the lagged rebound in WTI prices, the US oil rig count rose by 9 last week – the biggest weekly rise since June. And with production at record highs, we suspect OPEC will need to jawbone some more… And total US Crude output just hit a new record high…
Sensex Trades In Red; DLF Cracks 5%
After opening the trading day on a flat note, share markets in India are trading well below the dotted line in the morning trade. Sectoral indices are trading on a mixed note, with stocks in the software sector and stocks in the banking sector witnessing maximum buying interest, while stocks in the capital goods sector are leading the losses. The BSE Sensex is down down […]
May’s Struggles Weigh On Pound
The British pound hit an eight-day high on Friday to trade at $1.3229, but retreated early on Monday after forty members of British Prime Minister Theresa May’s Conservative Party committed to signing a letter of no-confidence in her. The pound was down 0.52 percent to $1.3117 as of 2:35 p.m. HK/SIN on Monday. The currency […]
Macro Mondays: Hedge Funds
What is a ‘Hedge Fund’? Hedge funds are alternative investments using pooled funds that employ numerous different strategies to earn active return, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in […]
EURUSD: Return To The 45th Degree Expected
Previous: On Friday the 10th of November, trading on the euro/dollar pair closed slightly up. The US dollar showed some mixed dynamics against the majors before the weekend. It dropped against the pound and euro while rising against the rest. The dollar came under pressure due to uncertainty over the US’s tax reform program. It received […]
The S&P 500 Falls Back From New Records In Week 2 Of November 2017
On Wednesday, November 8, the S&P 500 (SPY) closed at an all time new record high closing value of 2594.38, before going on to fall back a bit to end the week at 2582.30. Along the way, the index set an all new intraday high on Tuesday, November 7 of 2597.02. The new highs marked a now one-year […]
S&P 500 And Nasdaq 100 Forecast – Monday, Nov. 13
S&P 500 The S&P 500 initially fell during the day on Friday but found enough support underneath to turn around and form a hammer again. Ultimately, this is a market that has been finding buyers every time we pull back, but I think this can only go on for so long. At this point, it’s […]
