US Dollar May Erase Near-Term Losses As FOMC Minutes Approach
The US Dollar edged lower against the G10 FX majors in Asia Pacific trade, extending what looks like a corrective pullback started in the prior session. The greenback hit a six-week high against an average of its top counterparts on Friday as September’s jobs report added to evidence arguing for another Fed rate hike before year-end. A […]
A Curiously Non-Quantitative Assessment Of Deregulation Effects On Economic Growth
And a funny choice of citations. The CEA released its first “report” under the leadership of Kevin Hassett. The report, entitled The Growth Potential of Deregulation, is summarized thusly: Excessive regulation is a tax on the economy, costing the U.S. an average of 0.8 percent of GDP growth per year since 1980. This taxation by regulation […]
EUR: Broadly Consolidating Around 1.17; GBP: Likely To Recover Into 1.3250-1.3300 – ING
GBP/USD bounced from the lows and EUR/USD is stuck in range. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Strategy Research expects the EUR to broadly consolidating this week in the absence of a spike in EZ political risks. “Politics will overshadow ECB policy for the EUR […]
Gold Bounces On Safe-Haven Demand, Short Covering
Gold prices ended Monday’s session up $7.87, boosted by short covering in response to geopolitical concerns. The greenback came under renewed pressure as the euro gained strength on the back of the better-than-expected German data. XAU/USD is currently trading at $1285.18, slightly higher than the opening price of $1283.87. The market tested the 1282/1 area […]
World Markets Update – Tuesday, Oct. 10
All eight indexes on our world watch list have posted gains for 2017 through October 2. The top performer thus far is Hong Kong’s Hang Seng with a gain of 28.75%, followed by India’s BSE Sensex at 19.61%. In third is our own S&P 500 with 13.66%. The Last Four Weeks The tables below provide […]
Dollar Flirts With 10-Week High
The dollar stayed within range of a 10-week high on Tuesday morning after retreating slightly on Monday. Support for the greenback came from renewed expectations for an interest rate hike by the Federal Reserve sometime before the end of 2017. The dollar’s recent struggles had been caused by continued fears about political discord between the […]
Your Commodities Trading Education Starts Here
Last week, I dedicated a lot of the Daily commentary to what I believe could be the hedge of the century. Talk about a protracted bear market, the ratio between the performance of commodities versus stocks has only been this low twice in the last 100 years. Interestingly, tuning in to this ratio right now […]
FV A Few Simple Tips To Analyze Oil Futures And /CL, WTO OIL Futures Curve
Video length 00:04:56 The correct way to trade bond futures, oil futures, Contango, and Backwardation.
‘Little Wonder!’ Here’s The ‘Bad News’ About Earnings
Just a quick note on something we happened to glance at this evening. So there’s good news and bad news as we head into Q3 earnings season. The good news is that earnings have been, well, good. The bad news is, y/y earnings growth is expected to be subdued this quarter and on top of […]
What Percentage Of Your Retirement Portfolio Should Be Bonds
Retirees often include bonds in their retirement portfolio because of their perceived safety and the consistent income they provide. However, while bonds play a valuable role in a retiree’s portfolio, understand how they work before getting involved. Holding bonds may reduce potential growth If your goal is to leave an inheritance to your children when […]
