4 Reasons To Stay Positive On The USD In The Coming Months
The US dollar made some recovery attempts, but things are not too bright for the greenback. Here are 4 reasons to remain positive on USD: Here is their view, courtesy of eFXnews: Although the commodity complex has been more stable recently and that has removed some downside pressure on the euro via the disinflation channel, we anticipate […]
Gold Mining Shares: There Is 1 Thing You Shouldn’t Be Doing At This Moment
Investors are still skeptical about gold. Wouldn’t it be logic gold and gold mining shares would go down after the strong rise at the beginning of the year? If you still believe gold mining shares are going to kill the markets, you are crazy, aren’you? The short answer is: NO! Investors are still scared, scared […]
S&P 500 And Nasdaq 100 Forecast – April 1, 2016
S&P 500 During the day on Thursday, the market went back and forth around the 2060 handle. The S&P 500 of course is highly influenced by the jobs number coming out of the United States today. Pullbacks should be buying opportunities, as the 2040 level should offer plenty of support. I also believe that the […]
Daily Market Analysis – 4/1/2016
Video length: 00:02:02 During the day on Friday, the only announcement that is going to truly mean anything to most traders will be the non-farm payroll announcement during the day, so with that being the case you can expect quite a bit of volatility as these days tend to be very choppy and erratic. 1 […]
Bank ETFs Hurt By The Dovish Fed
The hope of another rate hike in the near term took a nosedive after Federal Reserve Chair Janet Yellen stated that the U.S. central bank should proceed cautiously in adjusting policy rates. Yellen’s dovish comments were in stark contrast to several Fed officials who last week hinted at a sooner-than-expected rate hike, potentially in April […]
Is Economic Growth In Its Final Innings?
It’s the same story pretty much everywhere: Cities and states promised ridiculously generous (by today’s standards) pensions to teachers, cops and firefighters, failed to sufficiently fund the plans and invested the money they did have very badly. And now the weight of the resulting unfunded obligations are crushing not just plan recipients but entire communities. […]
What Is “Solid Economic Reasoning”?
Writing in The Nation, Robert Pollin asserts: All of [Bernie Sanders’s] major proposals are grounded in solid economic reasoning and evidence. Reading this statement, I was quite surprised. Despite the fact that many of the proposed policies would, in my opinion, likely prove beneficial — greater infrastructure spending for instance — the key question surrounds the impact of […]
U.S. Dollar Braces For NFP – Rally To Offer Favorable Short Entries
US Dollar Daily Chart Created Using FXCM Marketscope 2.0 Technical Outlook: The Dow Jones FXCM U.S. Dollar Index (Ticker: USDOLLAR) is working on its fifth day of consecutive declines after reversing off confluence resistance at 12030 noted on Monday. Heading into Non-Farm Payrolls tomorrow, the immediate short-bias is at risk while above the median line extending off the yearly high with interim resistance […]
Gold Soars 16% In Q1 – Best Start To A Year In 42 Years
Gold’s 16.1% surge in Q1 2016 is the best start to a year since 1974. Overall, this is the best quarter since Q3 1986 and is the best performing major commodity of the year. Gold rallied this year as it cemented its status as a store of value amid financial market turbulence and concern about the global economy, […]
Quarter End Repetition
It is quarter end, so illiquidity irregularity is to be expected except that it isn’t irregular really. Eurodollar futures have been heavily bid for three days in a row now, leaving four consecutive up days for the first time since the liquidations. And because I am a sucker for fractal behavior, repo markets proved that […]
