U.S. Dollar Supported As NZD/USD Double Bottom Shows Ahead Of RBNZ
The quiet week in the FX market continues as the U.S. Dollar holds on to recent gains. One of the few items of excitement on this week’s docket is released later today when the RBNZ hosts a rate decision. But there are scant expectations for any moves as the surrounding context is dizzying in nature. This is going […]
U.S. Consumer Spending In September And Gold
U.S. consumer spending rose 1 percent in September. What does it mean for the gold market? Personal consumption expenditures increased 1 percent in September, following a 0.1 percent rise in August. The rise was strong and slightly above expectations. Actually, it was the biggest gain since 2009. Moreover, real spending increased as well (spending rose 0.6 […]
Bitcoin Explodes To $7900 After Hard Fork Suspended
The USD price of Bitcoin just exploded higher – near $7900 – on heavy volume as CoinDesk reports The organizers of a controversial bitcoin scaling proposal are suspending an attempt to increase the block size by way of a software upgrade. Bitcoin is up over 10% today… and now up over 650% YTD… CoinDesk , known for its strong early support from bitcoin […]
Sell Sally Beauty Amid Tougher Competition From Target, Ulta, Analyst Says
Shares of Sally Beauty Holdings (SBH) dropped in morning trading after an analyst downgraded the stock to the firm’s equivalent of a sell rating, saying its retail segment is facing tougher competition while its professional segment is decelerating. TOUGHER COMPETITION: Morgan Stanley analyst Simeon Gutman this morning downgraded Sally Beauty to Underweight, the firm’s equivalent […]
Make Triple-Digit Gains By The End Of The Year
Now is a great time of year to be a short-term trader. That’s because seasonal trends are showing buy signals in stock markets around the world. Seasonal trends are well-known in the United States. In the U.S., traders who follow the advice to “sell in May” know the best six months just started. However, end-of-year trends […]
Portfolio Insights: China To Embrace The Cloud
For most investors, 2017 will likely go down as the year of technology. It was the strongest-performing sector in nearly every country and region, and if an index or manager was under-weight the tech, it’s extremely unlikely that they were able to outperform their benchmark. At WisdomTree, our best-performing strategy on an absolute (and relative) […]
U.S. Workforce Recovery – Wednesday, Nov. 8
We’ve updated our monthly workforce analysis to include last week’s Employment Report for October. The unemployment rate fell to 4.1%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 261K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian […]
Bank Of England: Hiring Difficulties To Boost Wage Growth
U.K. wage growth is gradually picking up as employers struggle to attract the right workers amid record low unemployment rate. The Bank of England on Wednesday said in its agents’ Summary report that wage growth is slightly up and expected to be higher in 2018 than this year. Therefore, the apex bank up its wage […]
Gold And Silver Continuing To Get A Buy
Chris Temple and I look at the market moves today which are in favor of the precious metals once again. There could be many reasons for this move but we focus on the tax reform topic that still has a lot of questions around it as well as a general slowdown in the US markets. […]
Real Motive Behind Saudi Purge Emerges: $800 Billion In Confiscated Assets
From the very beginning, there was something off about Sunday’s unprecedented countercoup purge unleashed by Mohammad bin Salman on alleged political enemies, including some of Saudi Arabia’s richest and most powerful royals and government officials: it was just too brazen to be a simple “power consolidation” move; in fact most commentators were shocked by the sheer audacity, […]
