E ‘Nine Words’ Caused The Fed To Tamp Down Rate Expectations
The Federal Reserve decided to keep interest rates unchanged as expected. The Fed also projected two quarter point rate hikes — fewer than what had previously been envisioned. Fed Chairwoman Janet Yellen has cited the Fed’s data dependency — usually concerning inflation and unemployment figures. On Wednesday she introduced nine words that could prompt the […]
UK Chancellor Delivers 8th Budget
The UK’s finance minister, the Chancellor of the Exchequer, made his 8th budget presentation in parliament on Wednesday. He upset some Eurosceptic members of his own party by repeating a warning from the Office for Budget Responsibility (OBR) that the UK would be “safer, stronger and more secure” if it remains in the EU. The […]
AUD/USD Shrugs Off Unimpressive Jobs Data
The Australian jobs market gained only 300 jobs in February, significantly worse than 11.6K expected and not covering for a revised loss of 7.4K jobs in January. The unemployment rate surprisingly dropped from 6% to 5.8%, but that came on the back of a drop in the participation rate from 65.2% to 64.9%. AUD/USD did react with […]
Oil Won’t Stage A Serious Rebound Until This Happens
Oil prices have shown signs of life over the past few weeks, as production declines in the U.S. raise expectations that the market is starting to adjust. As a result, Brent crude recently surpassed $40 per barrel for the first time in months. A growling list of companies are capitulating, announcing production cuts for 2016. Continental Resources, […]
Retirement Planning And Risk Management
Retirement planning is hard work and requires discipline and care. Few of us can rely on luck or the proverbial leprechaun’s pot of gold at the end of the rainbow, Assessing uncertainty on an ongoing basis is as important as identifying goals. Sadly, I’m not convinced that the topic of risk management is being discussed as […]
Dollar Drop Extends Post-Fed, Stocks, Bonds And Commodities Rally
The Federal Reserve’s cautiousness has sent the dollar reeling. The Fed’s backtracking to two hikes this year from four is still met with skepticism by the market. It previously had a June hike nearly discounted but has not pushed that out until September. With a backdrop of BOJ, and ECB and PBOC easing policy, […]
Oil Market Analysis – EIA Weekly Summary Report
Dollar weakness pushed all commodities higher on Wednesday afternoon causing shorts to be squeezed in the oil market. I am sure Bears are surprised where Oil is now given the negative sentiment on Tuesday, we are trading in a range between $35.96 and $39.64 the last nine days. If there is any weakness if the […]
Goldcorp Nearing Junk Status
The gold market has been struggling mightily since the dawn of the world’s recovery from the Great Recession. While it’s seen significant growth over the last six months with uncertainty reigning in equity markets, gold prices are still down 11.65% over he last five years. Goldcorp (NYSE:GG), a major producer of the precious metal, has taken quite […]
8 Canadian Dividend Stocks That Are Buys Right Now
The stock market is definitely not a place for the faint of heart. At one point in time this February, the S&P 500 dropped by more than 10% (-10.51% on February 11th, 2016). On the Canadian market, the TSX dropped by more than 15% since its highest point in 2015. Now that we have been […]
Supply And Demand Fundamentals Drive Gold Rally
Shaky economic news, negative interest rates, and stock market turmoil have helped drive the recent gold rally, but an even more fundamental principle underlies the yellow metal’s surge – simple supply and demand. As a recent CNBC report put it: Consumers are lapping up gold at a time supply is declining, helping underpin a rally in the […]
