Chart Of The Day – Nasdaq 100
The Nasdaq 100 has regained the 50 DMA. I think we can safely assume the move down into the daily cycle low is complete, and the PPT has again managed to hold off another intermediate cycle low. We’re now too close to the next FOMC meeting for the market to be allowed to continue correcting. […]
Healthcare Services Group Shares Pop On Better Than Expected Q2 Revenues
Healthcare Services Group, Inc. (HCSG), a national company that provides management, administrative, and operating services to hospitals yesterday reported their second quarter 2017 financial results. Healthcare Services reported second quarter earnings of $0.30 per share which beat analyst expectations of $0.29 per share. Healthcare Services reported second quarter revenues of $470.9 million which beat analyst […]
Kuroda Vs. The World: BoJ Moves On The 5Y As YCC ‘Mission Creep’ Looms
Dammit no one is really talking about this, but it’s definitely notable. On both Monday and Tuesday we said that Japan has set its sights on JGB 5Y yields. Basically, the 5Y has become the new frontier in capping 10Y yields. “It looks like the BoJ may now have to fight to contain 5Y JGB […]
HH Is The Indian Economy Poised For A New Phase Of Growth?
Written by [email protected] The Indian economy is at a crossroads with major structural reforms underway, such as a unified Goods and Services Tax (GST) that rolled out on July 1 and an Insolvency and Bankruptcy Code that was enacted last year. The GST would dramatically “formalize” the dominant informal sector that drives the bulk of the economy […]
What’s Next For The Dollar, Stocks, Bonds?
The Fed’s “balance sheet reduction” may have profound implications for the dollar, gold, stocks and bonds. We’ll provide an outlook. It is said forecasts are difficult, especially when they relate to the future. Investors might want to pay attention nonetheless, not so much because I believe I have a crystal ball, but because investing is […]
US Dollar May Move More On Hawkish Vs. Dovish Yellen Tone
The Japanese Yen outperformed in otherwise quiet overnight trade as stocks declined, offering support to the perennially anti-risk currency. The Euro corrected lower having bested all of its G10 FX counterparts yesterday. The Canadian Dollar also edged down in a move that probably reflected protective pre-positioning ahead of the upcoming BOC monetary policy announcement. From here, Congressional testimony from Fed Chair Janet Yellen is likely […]
Yellen Worry On Inflation Triggers Weaker USD
The prepared statement by Janet Yellen repeats many of the previous statements: another hike and the balance sheet reduction are expected this week. However, she also says that “the Fed does not need to hike all that much further to hit neutral”. The economy is growing at a moderate pace, expected to pick up in H2. […]
Are Uranium Miners Bullish Again?
Since the end of June, the uranium miners ETF URA started slowly moving up triggering the usual speculations as to how bullish this is for the sector and if it is time to initiate long positions. The last time our research team reviewed the performance of the sector and URA, we highlighted the importance of the$15 […]
Peaking Oil Production
Oil prices are getting a wakeup call after a lowering of the US oil production outlook, a report of a major drop in US oil supply and a warning by S&P to oil majors cut to back more and reduce debt levels or face downgrades. The Energy Information Administration (EIA) is lowering the outlook for […]
USD/JPY, Gold At Key Levels As US Yields Threaten Pullback
Video Length: 00:10:46 The Bank of Canada meets today in what is the first major release of the week. The meeting carries significant interest, as rate hike odds have surged quickly over the past month. On June 9, there was less than a 10% chance of a 25-bps rate hike at the upcoming July meeting; […]
