Bank Of Japan Leaves Policy Unchanged As Expected – Admits Defeat On Deflation
Japan’s long and sordid dance with unconventional monetary policy continues. With most analysts expecting a ‘nothingburger’ from Kuroda (though some hinting at the potential for shock-and-awe), The BOJ delivered… nothing – no change. However, most critically, the BOJ admitted defeat of deflation and delayed the timing of reaching their 2% inflation goal to around FY2019. No change to […]
Tesla Initiated With A Neutral At Citi
Citi analyst Itay Michael started Tesla shares with a Neutral rating and $357 price target. The shares closed yesterday down $2.98 to $325.26. The analyst is positive on Tesla’s position as the “car of the future leader,” and thinks upside from current levels could “still be significant,” but he prefers to wait for a better […]
E Around The World Consumers Are Becoming More Optimistic
Among the advanced economies slow and steady growth has been accompanied by noticeable improvements in consumer confidence. The aggregate confidence indexes for a broad number of OECD and non-OECD countries are roughly back to former, pre-recession highs. In March, the U.S. consumer confidence index rose to its highest level in 16 years. The large economies […]
Trading The ECB With EUR/USD – 3 Opinions
The European Central Bank convenes today and would like to refrain from rocking the boat. In our preview, we discussed a potential desire by Draghi to drag the euro down. Can he do that? Here are previews from three banks, taking different approaches to trading the event with EUR/USD. Here is their view, courtesy of eFXnews: […]
DXY Elliott Wave View: Bounce In Progress
Short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a Zigzag Elliott Wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave A, and bounce to 96.51 high ended Minor wave B. Wave C is unfolding as an Elliott wave Impulse structure with extension where Minute wave ((i)) ended […]
ECB Game Day
The US dollar is enjoying a firmer tone against the major currencies today. It does not appear to be simply position adjustments ahead of the ECB meeting. Consider that Australia reported strong employment data, and after making new highs, reaching almost $0.8000, it has reversed to toy with yesterday’s low. A convincing break of that […]
Here’s The True Definition Of A Recession — It’s Not About GDP
According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles, A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession […]
Offshore Money Is Pouring Into This Country At The Fastest Pace In 5 Years
Over the past week or two, we’ve been trying to drive home what we think is a very simple point: namely that investors seem to be grossly underestimating the risk associated with the following visual… See why that’s disconcerting? But apparently, no one is paying attention, because the KOSPI continues to hit new record highs […]
4 REIT Plays With Beat Potential In Q2 Earnings
Huge profits and earnings surprises can lure you this earnings season. But rather than accumulating stocks later, investing in those that are yet to release their numbers and poised to beat expectations can fetch you more gains. This is because an earnings beat essentially serves as a catalyst and raises investors’ confidence in a stock. […]
Forex Critical: The Australian Dollar – Too Much, Too Fast
Over two weeks ago I officially ended my bearishness on the Australian dollar (FXA). I made that call just in time. Against the weakening U.S. dollar, the Australian dollar has gone nearly parabolic. AUD/USD recently touched the 0.80 level, a new 26-month high. Source: FreeStockCharts.com The Australian dollar has powered higher against almost all major currencies and now […]
