Canadian Dollar Falls On BOC Rate Decision – USD/CAD Hits High Resistance
The Bank of Canada decided to leave the interest rate unchanged at 1% as expected and seems to be in no rush to raise rates anytime soon. They talk about “caution” regarding further hikes even though other statements are relatively upbeat about the economy. The BOC sees the economy as running close to its potential […]
Is A Rapid Advance In The Japanese Stock Market Imminent?
The Japanese stock market is quite unique: it would need to rally by approximately 80% to reach its former historical peak. What’s more, said peak was attained on the final trading day of 1989, more than 25 years ago. In short, Japanese stocks have been anything but a good investment. Japanese market about to break […]
FHFA House Price Index: Index Up 0.7% In August
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for August. Here is the opening of the report: Washington, D.C. – U.S. house prices rose in August, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.2 […]
2018 IPO Prospects: Lyft May Go Public Sooner Than Uber
2018 IPO Prospects: Lyft may go Public Sooner than Uber Posted on Wednesday, Oct 25th 2017 Earlier this year, I had observed how it may be a while before we see the IPOs for ride-sharing apps like Uber and Lyft. For Uber, that prophecy appears to be holding good considering the widespread scandals surrounding the company with reference […]
Nasdaq Reports Third Quarter 2017 Results; Delivers Strong Profitability And Income Growth
Net revenues1 were a record $607 million in the third quarter of 2017, an increase of 4% compared to the third quarter of 2016. Subscription and recurring revenues, which includes revenues from our Corporate Services, Information Services, and Market Technology segments, as well as our Trade Management Services business, increased 5% compared to prior year period […]
No Longer Slow And Steady: UK GDP Data Shows An Unexpected Increase
The market can often be full of surprises, and the UK GDP released today proved just that. GDP for the quarter showed a surprise increase coming in at 0.4% compared to the expectation of 0.3%. UK economy so far in 2017 has shown slow and steady growth with the first two quarters growing by 0.3%. […]
Aussie Longs Furious At Vegetables Today As Inflation ‘Disappears Into The Bush’
If you’re an Aussie bull, Wednesday is a real “bull” day for you because as Bloomberg’s Mark Cranfield hilariously put it, inflation just “disappeared into the bush”: lol. cranfield: “Aussie Inflation Disappears Into the Bush” — Walter White (@heisenbergrpt) October 25, 2017 He was, of course, referring to an across-the-board CPI miss. Here are the numbers: […]
Don’t Lose Your Position – It’s A Bull Market
Most of us believe that experience in an occupation, measured by time spent on the job, leads to higher productivity for the employer and greater income for the employee. I agree that this belief holds true for most occupations. However, I disagree when it comes to the business of providing investment advice. In this business, […]
Cable Soars After Strong UK GDP, Boosting Rate Hike Odds
It all started at 9:30am local time, when the UK reported a stronger than expected Q3 GDP print of 0.4% Q/Q, above the Exp. 0.3%, and 1.5% Y/Y, also above the Exp. 1.4%. Heading into the report there was much anticipation, due to chatter that a miss would drastically diminish the chance for a 2017 […]
Durable Goods New Orders Improves In September 2017
The headlines say the durable goods new orders improved. However, the unadjusted three month rolling average declined. .Analyst Opinion of the Durable Goods Situation Our analysis is more negative than the headlines as the rolling averages declined. Civilian aircraft were the main tailwind this month.This series has wide swings monthly so our primary metric is […]
