China And Ratings Agencies’ Double Standards
Why is China being penalized for its debt problem, but advanced economies aren’t? Today, rising debt is one of China’s key challenges. Recently, it led to the mainland’s rating cut by ratings agencies. Yet, many advanced economies have higher credit ratings than China, though their leverage ratios are worse. In May 2017, Moody’s Investor Service […]
EUR/USD Weekly Analysis – Sunday, October 22
EUR/USD failed in its attempt to break below 1.1662 key support, indicating that the pair remains in the uptrend from 1.0340. As long as the price is above 1.1662 level, the price action in the trading range between 1.1662 and 1.2092 could be treated as consolidation of the uptrend and another rise towards 1.2700 is […]
Weekly Economic & Political Timeline – Sunday, October 22
This week will see a somewhat heavier news agenda than last week, with the key economic data input coming from the U.S.A., Europe, and Canada. There is Central Bank input due from the European Central Bank and the Bank of Canada only. The market will probably be most active on Wednesday and Friday. U.S. Dollar […]
DAX Outlook As ECB Looms, S&P 500 Levitating While FTSE Seeks Resolution
S&P 500 There a few ‘high’ impact data points coming up next week, but may have minimal impact on stocks, with the US dollar making the biggest moves on the releases. On Wednesday, US Durable Goods Orders is due out, Thursday brings Advance Goods Trade Balance, and likely to have the most impact is Q3 […]
Stocks To Trade: DIS MA WB
Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Walt Disney (DIS) Long Mastercard (MA) Short Weibo (WB)
Unprecedented Housing Bailout Revealed, As China Property Sales Drop For First Time In 30 Months
Back in March, we explained why the “fate of the world economy is in the hands of China’s housing bubble.” The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it had to feel comfortable and confident that its wealth will keep rising. However, unlike the […]
Weekly Forex Forecast – Sunday, October 22
USD/CAD The US dollar rallied significantly during the week, breaking above the resistance from a couple of weeks ago. Now that we are clear the 1.26 level, I think that the market will try to rally from here, perhaps towards the 1.28 level above. I see support at the 1.24 level, so if we can […]
Weighing The Week Ahead: Where Is The Fear?
With a light economic calendar, there is plenty of air time for pundit pontification. The record-setting market still has many shaking their heads. Many, after noting the many world problems, are asking: Where is the fear? Last Week Recap My last edition of WTWA (two weeks ago) asked whether earnings season could spark a big […]
Week In Review: How Trump’s Policies Moved Stocks – Sunday, October, 22
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly: 1. COST SHARING SUBSIDIES: On Monday, Leerink analyst Ana Gupte told investors that she sees the Healthcare Facilities […]
GBP: Supported For Now But Politics Hold Sway
Fundamental Forecast for GBP: Neutral We remain neutral on GBP but would likely turn short-term bullish if the recent cessation of EU/UK hostilities remains in place. Thursday’s EU Summit leaders meeting saw a slight change in tone in the war of words between the EU and the UK, most notably over the ‘divorce bill’ with […]
