World Market “Buy” Signal Triggered
A new “BUY” signal has just triggered on the World Market Index. I last wrote about this index on June 29th. Price punched through 1900 (which will now need to hold as major support), the RSI has broken its latest downtrend and is back above 50, and there are new bullish crossovers on the MACD and PMO indicators, as shown on […]
The ‘Permanent State Of Exception And A New Status Quo’
Putting out something outstanding is difficult for most people. When it comes to sell-side strategists, the burden of having to be both rigorous and some semblance of articulate is usually too much and when you throw in time constraints, you’ve got a recipe for notes that are bland, that state the obvious, or worse, both. […]
GBP/USD Forecast July 17-21
GBP/USD reversed directions last week, gaining 200 points. The pair closed at the 1.31 line. This week’s highlights are CPI and Retail Sales. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. In the UK, Brexit jitters increased as all three PMIs reported softer growth in May and missed estimates. […]
BofA Lashes Out At The Fed: “Take That Punch Bowl Away” Or Face A Crash
In a dramatic appeal for rationality at the Fed, Bank of America’s global FX strategy team released a note titled “take that punch bowl away”, which laments that while central banks backtracked from their hawkish recent rhetoric this week, it warns that “they will be sorry if they allow bubbles” and predicts that vol will increase […]
Weekly Forex Forecast – Sunday, July 16
EUR/USD The EUR continues the overall consolidation that we have seen for 2 ½ years, but we are getting very close to the top of that range, the 1.15 level. In this point, I suspect that we are going to try to break out but we need to see at the very least a daily […]
Focus Shifts From Fed To ECB
The focus shifts in the week ahead from Yellen’s testimony and disappointing data to the ECB meeting which is expected to result in a further modest adjustment in its risk assessment. While the focus shifts, the pressure on the dollar will likely remain. It fell to new lows for the year last week against the euro, […]
Ranking The Most Profitable Dividend Aristocrats
The two main benefits of owning common shares of a publicly-traded corporation are: Your claim on earnings Your claim on assets Accordingly, a company’s ability to use its assets to generate earnings is very important. How do we measure this? There are a number of financial metrics that investors use to measure a company’s profitability. These include: Gross […]
USD/CAD Forecast July 17-21
The Canadian dollar rally continued last week, as USD/CAD dropped 250 points. The pair closed at 1.2633, its lowest weekly close since April 2016. This week’s key events are CPI and Core Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar sparkled last week, buoyed by a rate […]
Industrial Production Growth Slows For First Time Since January
Following May’s disappointing MoM collapse in industrial production growth, economists had hoped for a modest 0.3% rebound and were pleasantly surprised with 0.4% gain in June (and upward revision for May). Factory production rose 0.2% in June after falling 0.4% in May Utilities unchanged in June after rising 0.8% in May Mining rose 1.6% in […]
These Are The Top Earnings Reports To Track Next Week
Earning season kicked off in earnest last week with some of the biggest banks releasing their results for Q2. Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) all traded lower following the release of their Q2 results on Friday. JP Morgan, for example, posted a strong top and bottom line beat, but also reduced […]
