China; 10% Rally In Store To Full Upside Gap? Possible
China ETF (FXI) in 2015 started falling hard. While it was doing so, it left a “large unfilled weekly gap” on the charts. Could that gap create an opportunity? Very Possible! Below looks at FXI on a weekly basis over the past 4-years- Over the past 9-months, FXI looks to have formed a bullish ascending triangle, […]
Elliott Wave Forecast AUD/USD: Bullish Running Triangle
Elliott Wave Forecast AUD/USD Short Term Bullish trend is present in AUD/USD currency pair, 15 minutes chart. As I have suggested a few hours ago, during my daily Forex Live Trading Room session, the price of AUD/USD currency pair is going to rise up now on a short-term basis to create a Bullish Running Triangle […]
E The Global Economy Could Expand At 3.8% Next Year – The Strongest Increase In Five Years
“The world’s most influential central bank has raised the target range for the fed funds rate three times in the last six months, it thinks another rate hike will be likely before the end of the year, it is projecting three more rate hikes in 2018, and it has revealed a plan to begin normalizing […]
New Residential Building Permits: June Bounces Back
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for June new residential building permits. The latest reading of 1.254M was an increase from 1.168M in May and above the Investing.com forecast of 1.200M. Here is the opening of this morning’s monthly report: Building Permits Privately-owned housing units authorized […]
Central Bank Decisions Worry Traders
The US Dollar Index was trading close to a 10-month trough as investors await major policy decisions from several of the globe’s key central banks. Ahead are monetary policy announcements from Europe and Japan, with FX traders wary of the recent appreciation in their respective currencies, the Euro and Japanese Yen. Some analysts believe that […]
Orchid Island Capital: 16% Yield & Monthly Dividends… But Is It Sustainable?
Investors are likely familiar with the standard Real Estate Investment Trusts, or REITs. Most REITs own physical real estate, lease the properties to tenants, and derive rental income which is used to pay dividends. But there is a different set of REITs that investors may not be as familiar with: mortgage REITs. These REITs do […]
This ‘Party’ Has To End Eventually – But ‘Eventually’ Isn’t Today
Ok, so what central banks did was, they went out and they decided to see what would happen if everyone (save Haruhiko Kuroda of course who, like his spirit animal Peter Pan, will never concede that he can’t fly) leaned hawkish all at once. “Maybe the market won’t overreact,” they imagined. That didn’t work out too well, […]
June 2017 Residential Building Improves
The headline residential building permits improved and construction completions improved. Our analysis agrees. Analyst Opinion of Residential Building The backward revisions this month were moderate.The nature of this industry normally has large variations from month to month (mostly due to weather) so the rolling averages are the best way to view this series – […]
PetIQ Is A Good Deal But Has A Few Fleas
PetIQ (PETQ $14-16) is a small (~$350M sales) growth company doing an $85M IPO with Jefferies and William Blair as lead underwriters. The deal looks solid given that the company is gaining share in the large and growing market of pet medications, health and wellness products and flea and tick treatments. For the whole story […]
Gold Rebounds From Overnight Mini-Flash-Crash
Around 4amET, someone decided it was the perfect time to dump around half a billion dollars worth of notional gold into the futures markets. The biggest single flush hit at 357amET with $228mm notional (around 1800 contracts) flushed to break below the 200DMA… This ripped the precious metal’s price back to yesterday’s lows before it was quickly […]
