Safe Haven Currency ETFs Gain, Dollar Loses Amid Geopolitical Uncertainty
Nuclear Tests Safe haven currency funds have been gaining a lot of traction lately, owing to rising geopolitical concerns. North Korea has been continuously testing missiles to develop a nuclear program in order to safeguard itself from potential U.S. invasion, per North Korean leader Kim Jong-Un. North Korea conducted its sixth nuclear test, that of […]
Kirkland Lake Gold Limited: Sell
Background The recent breakout in the precious metals sector with gold leading the way has to some extent re-focused the attention of the investors onto the producers. Kirkland Lake Gold Limited (KL) is one such company which has been under the spot light lately and for good reason, as it is a good quality stock. […]
If It’s Not One Thing, It’s Another
If it’s not one thing, it’s another with this administration. We’ve been saying since the very beginning that although you are of course free to go down with the ship, you should not delude yourself into thinking this ship isn’t sinking. We’d give you the usual caveat that everyone rolls out when attempting to inoculate […]
EURGBP Will Be A Currency Pair To Watch Post-German Elections
The common currency is probably heading into posting a second yearly gain against the British pound. Having rallied close to 2009 highs, the euro is seen taking a breather. The euro, which fell to 2007 levels of 0.70 just a year ago has transformed into a strong rally. The gains in the common currency came […]
Even Lloyd Blankfein Is Getting Worried: “Things Have Been Going Up For Too Long”
Earlier, we reported that Deutsche Bank CEO John Cryan called for an end to Europe’s cheap-money policies and asked that the European Central Bank not use the strengthening euro as an excuse to keep printing money. According to Bloomberg, Cryan said that the bank is “seeing signs of bubbles” across capital markets while low interest pummel European […]
EUR/USD Outlook Hinges On Updated ECB Forecast, QE Program Deadline
Video length: 00:26:37 Trading the News: European Central Bank (ECB) Interest Rate Decision The initial reaction to the European Central Bank (ECB) interest rate decision may be limited as President Mario Draghi and Co. preserve the zero-interest rate policy (ZIRP), but the fresh updates coming out of the central bank may drag on EUR/USD if the Governing Council merely attempts […]
E The Bank Of Canada Gives A Mixed Message With Its Recent Rate Hike
It is not by change that economists were divided as to whether the Bank of Canada would hike its policy rate, and for good reason. While the Bank, indeed, did raise the overnight rate by a ¼ of point to 1% today, the accompanying statement was similar to that of the proverbial“ two-handed economist”. Initially, […]
Is The High Cost Of Housing Crushing Wages?
A provocative essay, Don’t Blame the Robots, makes the bold claim that “Housing Prices and Market Power Explain Wage Stagnation.” (Foreign Affairs) In other words, the stagnation of the bottom 95% of wages isn’t caused by automation or offshoring, but by the crushingly high cost of housing: “Yet recent academic work in macroeconomics suggests that current wage […]
WTI Crude Oil And Natural Gas Forecast – Thursday, August 7
WTI Crude Oil The WTI Crude Oil market rallied during the day on Wednesday, as we continue to reach towards the $50 level above. The $50 level above of course has a certain amount of psychological importance, and I think that the sellers may return in that area. We will have to see what happens […]
Indian Indices Trade Marginally Higher, Realty Stocks Witness Buying
Stock markets in India are presently trading near the dotted line with positive bias. Sectoral indices are trading on a mixed note with stocks in the healthcare sector and realty sector witnessing maximum buying interest. Oil & gas stocks are trading in the red. The BSE Sensex is trading up 28 points (up 0.1%) and the NSE Nifty is trading up 17 points (up 0.1%). The BSE […]
