Has USD/CAD Reversed?
With oil prices continuing to drift lower and with Canadian inflation subdued USD/CAD made a major reversal in US trade today recovering above the 1.2550 level as longs pressed the pair higher. With ADP and US GDP on the docket tomorrow the greenback could have another strong day and could push the pair through […]
July 2017 Leading Index Review: Growth Trends Slow
This post is a review of all major leading indicators follows – and their trends are generally indicating slower growth. Philly Fed Leading Index The Philly Fed Leading Index for the United States is continuously recalculated. Note that this index is not accurate in real time as it is subject to backward revision, Per the Philly Fed: […]
Portfolio Management Ideas For Consideration For The Remainder Of 2017
2017 is shaping up to be both a continuation of the secular bull market as well as a year of changing market leadership. This has taken place absent any significant market volatility, leading some to question when volatility may rear its ugly head again. The June 2017 S&P DJI Commentary noted that at the midway […]
New Peak In Household Debt And Gold
In August, the New York Fed released a new update on household debt today showing record levels. What does it imply for the gold market? On surface, the report about the household debt is scary, as the total household debt rose by $114 billion (0.9 percent) to $12.84 trillion in the second quarter of 2017. This increase […]
Trump’s Decision To Deploy Troops Will Boost Gas Prices
In a nationally televised speech, President Donald Trump announced his decision to raise gas prices. Most analysts missed that part of the speech. They only heard the part about increasing the number of troops in Afghanistan. Trump did announce that the military presence in the country will increase. He set a goal of winning the […]
…And The Market Breaks
Having melted up on a sea of momentum since the US open, the stock market just broke… At 1322ET, BATS declared self-help against Chicago Stock Exchange… And VIX and Nasdaq reacted… And chaos breaks out…
Anthera’s Blisibimod Positive In Phase II Extension Study
Anthera Pharmaceuticals, Inc. (ANTH – Free Report) announced positive top-line data from the extension of a phase II BRIGHT-SC study, evaluating key pipeline candidate, blisibimod for treatment of patients with IgA nephropathy (IgAN). Notably, the BRIGHT-SC study is randomized, double-blind and placebo-controlled, initiated in June 2013, to evaluate the efficacy, safety, tolerability and immunogenicity of blisibimod in patients […]
Consumer Confidence Climbs
Even as headlines have been chaotic this month, Consumer Confidence rebounded and remains right near its highs for the cycle. While economists were forecasting the August reading to come in at a level of 120.7, the actual reading came in at 122.9, which is the second highest reading of the cycle, behind only the 124.9 […]
Ethereum Prices Hit Two-Month High, 385 In Sight
ETH/USD Daily Chart Technical Outlook: Ethereum prices rallied to two-month highs today after breaking above the monthly opening-range highs last week. The trade remains constructive while above 314/20 with more the next level of interest eyed at the record high-day close at 385. ETH/USD 240min Chart Notes: Earlier this month we noted that Ethereum prices had, “continued to trade within the confines […]
