HH Is The Indian Economy Poised For A New Phase Of Growth?
Written by [email protected] The Indian economy is at a crossroads with major structural reforms underway, such as a unified Goods and Services Tax (GST) that rolled out on July 1 and an Insolvency and Bankruptcy Code that was enacted last year. The GST would dramatically “formalize” the dominant informal sector that drives the bulk of the economy […]
What’s Next For The Dollar, Stocks, Bonds?
The Fed’s “balance sheet reduction” may have profound implications for the dollar, gold, stocks and bonds. We’ll provide an outlook. It is said forecasts are difficult, especially when they relate to the future. Investors might want to pay attention nonetheless, not so much because I believe I have a crystal ball, but because investing is […]
US Dollar May Move More On Hawkish Vs. Dovish Yellen Tone
The Japanese Yen outperformed in otherwise quiet overnight trade as stocks declined, offering support to the perennially anti-risk currency. The Euro corrected lower having bested all of its G10 FX counterparts yesterday. The Canadian Dollar also edged down in a move that probably reflected protective pre-positioning ahead of the upcoming BOC monetary policy announcement. From here, Congressional testimony from Fed Chair Janet Yellen is likely […]
Yellen Worry On Inflation Triggers Weaker USD
The prepared statement by Janet Yellen repeats many of the previous statements: another hike and the balance sheet reduction are expected this week. However, she also says that “the Fed does not need to hike all that much further to hit neutral”. The economy is growing at a moderate pace, expected to pick up in H2. […]
Are Uranium Miners Bullish Again?
Since the end of June, the uranium miners ETF URA started slowly moving up triggering the usual speculations as to how bullish this is for the sector and if it is time to initiate long positions. The last time our research team reviewed the performance of the sector and URA, we highlighted the importance of the$15 […]
Peaking Oil Production
Oil prices are getting a wakeup call after a lowering of the US oil production outlook, a report of a major drop in US oil supply and a warning by S&P to oil majors cut to back more and reduce debt levels or face downgrades. The Energy Information Administration (EIA) is lowering the outlook for […]
USD/JPY, Gold At Key Levels As US Yields Threaten Pullback
Video Length: 00:10:46 The Bank of Canada meets today in what is the first major release of the week. The meeting carries significant interest, as rate hike odds have surged quickly over the past month. On June 9, there was less than a 10% chance of a 25-bps rate hike at the upcoming July meeting; […]
India Gold Imports Surge To 5 Year High – 220 Tons In May Alone
India gold imports in H1, 2017 greater than all of 2016 India imported 521 tonnes of gold in first half of 2017 H1 figure for gold imports $22.2 Bln versus $23 Bln in all ’16 Gold demand was up 15% year- on-year in the first quarter June gold imports climbed to an estimated 75 tonnes from […]
They Own 6% Of The Stock Market
There’s an under-the-radar reason why the stock market keeps rallying despite some mediocre economic numbers, constant “noise” out of Washington, and plenty of overheated valuations. And while it’s a bit hidden, it’s huge. In fact, it owned 6% of the U.S. stock market in the first quarter. And it keeps gobbling things up. It bought […]
Morning Call For Wednesday, July 12
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.20%) this morning are up +0.18% and European stocks are up +0.78% as energy stocks climb with the price of Aug WTI crude oil (CLQ17 +1.60%) up +1.62%. Crude oil rallied after API data released late Tuesday showed U.S. crude inventories last week fell by -8.13 million […]
