Key Events In The Coming Week: BOE, SNB, Inflation And Retail Sales
In a somewhat quieter week for economic news, this week’s focus is on BoE and SNB policy meetings as well as on inflation releases in US, UK, China and others. Other releases of note include retail sales in the US, UK and China along with industrial production in US, Eurozone & China. Key events: Tuesday: UK Inflation Data […]
Irma Bombeck
The “nuclear” Hurricane Irma is grinding its way into extinction, and already the teeth-gnashing and chest-grabbing about what an apocalyptic storm it would be is fading just as fast. Damage estimates look to be about four times as big as reality. Not to say that it wasn’t a nasty storm, but the markets are rallying on the […]
The Most Important Paper Of The Next Decade
Whenever I tell people the next big crisis will come from inflation, not deflation, the looks of disgust are worse than when someone says Justin Bieber’s music is not that bad. And when I try to tell them that the true bubble is in fixed income, not stocks, they look at me as if I […]
The Road To Normal
Already in the aftermath of Hurricane Irma, the market is looking ahead to the road to normal. Already the focus in oil seems to be shifting away from demand destruction to the surge in demand we will get when we start to rebuild. U.S. refineries are coming back on line from Hurricane Harvey to only […]
EC The Bear’s Lair: Cryptos Are Sounder Than Today’s Currencies
Crypto-currencies are an entirely imaginary form of money, dreamed up by pimply nerds in basements. Or so it seemed. Yet examine the algorithms behind some of the better crypto-currencies, and look in contrast at the monetary policies that have devastated the last decade. You will recognize two things. First, fiat money is fiat money, whether […]
US Dollar Downtrend Persisting For One Major Reason
Video length: 00:08:10 Having been out of the office for the past week on annual leave, it always piques my interest to return to markets after an extended period away. Unfortunately for the US Dollar, nothing significant has changed over the past 10 days: the can was kicked down the road on the US debt limit; […]
Strong Start To The Week; Capital Goods & Power Stocks Rally
Indian share markets continued to trade strong in the afternoon session amid strong global markets. At the closing bell, the BSE Sensex closed higher by 195 points and the NSE Nifty finished up 71 points. The S&P BSE Mid Cap finished up by 0.7% while & S&P BSE Small Cap too finished up by 0.8%. Gains were largely seen in capital goods stocks, power stocks and bank stocks. […]
Positive Expectations As Investors’ Sentiment Improves
Briefly: Intraday trade: Our Friday’s neutral intraday outlook has proved accurate. The S&P 500 index continued to fluctuate within its week-long trading range. The broad stock market is likely to open much higher today following futures contract rally after an overnight gap-up opening. We can see some short-term technical overbought conditions. Therefore, intraday short position […]
How To Position For Further CAD Strength Post-BoC – TD
The Bank of Canada’s hawkish hike has sent the loonie skyrocketing. What’s next? Here is the view from TD: Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that the BoC surprised the market consensus at its September meeting hiking the policy rate another 25bp. The Bank has now removed the insurance cuts and […]
