US Dollar Turns To FOMC Rate Decision, Q2’17 US GDP To Stop The Bleeding
Fundamental Forecast for DXY Index: Neutral – Coming week is back-loaded with key economic data and events: the FOMC rate decision on Wednesday, the preliminary June Durable Goods report on Thursday, and the initial Q2’17 GDP reading on Friday. – US Dollar (via DXY Index) is just off of yearly lows as economic data trends have remained downward sloping; it […]
EC Gambling: A State Of The World Report
The press regularly reminds us that we live in a world teeming with dangerous addictions. They include: drinking, drugs, sex, and gambling. The reality is that most people enjoy these activities and incorporate them into their lives without becoming addicted. In this piece, I examine what is happening in gambling by region and type with an […]
Forex Strength And Comparison Week 30 / 2017
In the Currency Strength table, the CAD was the strongest currency while the GBP was the weakest. There were some significant changes last week with the GBP and AUD losing 3 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 1 point. As mentioned in the previous […]
Emerging Markets Week Ahead Preview – July 23
EM FX was mixed on Friday, but largely firmer over the entire week. Top performers were BRL, KRW, and ZAR, while the worst were ARS, MXN, and RUB. The FOMC meeting this week poses some potential risks to the global liquidity story that’s supporting EM. Within EM, the low inflation/easy monetary policy narrative should continue with […]
Good Close For Markets Bar Small Caps
Bulls were not to give up the breakout gains from earlier in the week and with the exception of the Russell 2000 it was a decent finish for markets. Action in the Russell 2000 was only disappointing because it was unable to hold on to early day gains. The spike high may mark resistance over […]
A Market Reality Check: Here Are Some Idiot-Proof Charts
The S&P 500 trades at an elevated valuation on almost every metric. The forward P/E multiple of the S&P 500 has risen by 80% since 2011 (to 18x) and now trades at the 89th percentile compared with the past 40 years while the typical stock is at the 99th percentile of historical valuation. That’s from Goldman […]
Netflix Stock Predictions: Strong International Subscriber Growth Is Why Netflix Is A Buy
NFLX Stock Predictions Summary: As one of the famous FANG stocks, Netflix enjoys a stratospheric valuation when compared to other technology tickers. Like Amazon and Facebook, Netflix is a growth-driven company. In spite of stiff competition, FANG stocks managed to establish themselves as long-term leaders in their chosen line of business. Unlike Amazon though, Netflix […]
Turkey Is Buying Gold Like There’s No Tomorrow
In the past few weeks and months we have seen some reports wherein it became clear Germany is actually selling some of its gold on a monthly basis. That’s an interesting phenomenon as it’s weird to see a country secretly repatriating its gold which it starts to sell shortly afterwards. There’s no doubt it must have been […]
Back To Basics
Last week I tumbled down the rabbit hole of quantitative finance, so this week I thought that I would take stock on some of the main themes. The continued woes of the greenback are probably the main story for markets at the moment. It is driven by a number of factors as far as I […]
Australian Dollar On Watch For RBA Interventions After Debelle
Fundamental Australian Dollar Forecast: Neutral The Australian Dollar is in something of a sweet spot Rate differentials, local data and Chinese growth all look more supportive However, the RBA is clearly watching it very closely at current, high levels Late last week the biggest near-term risk facing rampant Australian Dollar bulls became clear: it’s the currency’s own […]
