Political Economics
Who President Trump ultimately picks as the next Federal Reserve Chairman doesn’t really matter. Unless he goes really far afield to someone totally unexpected, whoever that person will be will be largely more of the same. It won’t be a categorical change, a different philosophical direction that is badly needed. Still, politically, it does matter […]
EUR/USD – Euro To 1.1670
The most important event risk on next week’s calendar will be the highly anticipated European Central Bank monetary policy announcement. EUR/USD has traded in a narrow range ahead of the announcement as investors wonder whether it will be a hawkish or dovish taper. Having mentioned the need to make changes to their QE program for […]
The Hits Keep On Coming For The S&P 500
Here are some mind-blowing figures for you. In the 15 trading days since the start of October, the S&P 500 is on pace to close at a record high for the 10th time. Further, if the S&P 500 finishes up on the day Friday, it will be the 19th time that the index has closed […]
Schlumberger (SLB) Q3 Earnings In-Line, Revenues Lag
Houston, TX-based Schlumberger Limited (SLB – Free Report) is a leading oilfield services company, providing technology, project management, and information services to the global oil and gas industry. Schlumberger’s reporting segments can be categorized under four segments: Reservoir Characterization, Drilling, Production, and Cameron. In the last four trailing quarters, the company has reported a positive average earnings surprise of […]
GBP/USD October Rebound Vulnerable To Lackluster U.K. GDP Report
Fresh comments from U.K. Prime Minister Theresa May appear to be propping up the British Pound, with GBP/USD bouncing back from a fresh weekly-low (1.3088), but another batch of lackluster data prints may undermine the near-term rebound in the exchange rate as it encourages the Bank of England (BoE) to keep the benchmark interest rate […]
Three Bulls
I’m so heart-achingly bored with this market I’m just going to toss three bullish charts out there. Honestly, equities are putting me to sleep. I’m actually looking forward to the weekend.
Rail Week Ending October 14, 2017: A Good Week For The Economically Intuitive Sectors
Week 41 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion, Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis, […]
Trading USD/JPY And NZD/JPY Ahead Of Japan’s Election
Prime Minister Shinzo Abe called a snap election last month to further strengthen his power now that the main opposition Democratic Party is in complete shambles. While the October 22 election will test Abe’s popularity in Japan, the Prime Minister is widely expected to win. However, the usual uncertainty that associates with politics and financial […]
Zimbabwe Panic Sends Bitcoin Soaring Over $6000 – Now Bigger Than Goldman Sachs
Cryptocurrencies are broadly higher this morning with Bitcoin leading the way to new record highs at $6000 – nearing $100 Billion market cap, bigger than Goldman Sachs – as demand from Zimbabwe soars (and Spanish concerns see activity rise). Most of the biggest cryptos are higher… But Bitcoin is leading – now above $6000 for the first […]
Nikkei Ties All-Time Record With Cartoonish 14th Consecutive Gain And Really, Why The Hell Not?
Records, like rules, were made to be broken and the Nikkei is one session away from breaking a record. On Friday, the benchmark rose for a 14th consecutive day ahead of elections on Sunday: As Bloomberg notes, “foreign investors bought a net 657.5 billion yen ($5.8 billion) of stocks in the first week of October, the […]
