How Well Off Are Typical Americans Today?
How well off are typical Americans today? That’s a difficult question to answer using conventional economic statistics like GDP, because over time, GDP has become an increasingly less representative measure of the quality of life that Americans enjoy. That discrepancy hasn’t gone unnoticed, as 61% of the respondents to a survey at Debate.org to the question “Is GDP growth a good […]
Assets To Watch This Week -10/17/2016
PM Theresa May Likely to Push for Single-Market Access in Brexit Deal Discussions around the June 23 Brexit have anything but subsided. The UK faces a dilemma: How to maintain single-market access without remaining part of the European Union? Brexiteers are more concerned with the UK managing its borders than anything else, and this is […]
NZD Soars On Strong Inflation, AUD Jumps On RBA Minutes
Stronger Than Expected NZ 3Q Inflation The release of 3Q Inflation data for New Zealand surprised markets last night with a stronger than expected print of 0.2% QoQ vs. 0% expected. Rate cut expectations continued to build ahead of the meeting with rates markets pricing around an 85% chance of the RBNZ easing at their […]
Dollar Drops From 7 Month Highs, Volatility To Pick Up From Today
Today inflation data for September is due out In the US and UK, where the trend is upwards in the short run for the US inflation and more stable for the UK economy. Yesterday, US economic data was weak, something that weakened also the Dollar and benefited especially commodity currencies. The week ahead is packed with important […]
Diamonds Are Forever, But Bonds Are A Girl’s Best Friend
Since Greenspan’s intervention in 1987, it is “Bonds, Long Bonds” that have been a girl (investor’s) best friend… even though diamonds may be forever. For almost 40 years, US government bonds and diamonds traded at around the same ‘price’. All that changed in the late-80s as Greenspan ‘saved the world’. The question is – as BofA’s […]
WTI Crude Oil And Natural Gas Forecast For October 18, 2016
WTI Crude Oil The WTI Crude Oil market went back and forth during the course of the session on Monday, showing a proclivity to bounce around the $50 level. At this point in time I believe that the markets will continue to go sideways overall, and with that being the case I feel that it’s […]
You Will Never Earn A Decent Yield On Retail Money Market Funds Ever Again
This past Friday, October 14th, commenced federally mandated rules on money market funds – what we typically think of as cash in our investment accounts – and marked the end of the era of prime money market funds. Money market funds first came about in 1971 at a time when banks were prohibited from paying an interest rate on […]
Sell AUD/USD – Credit Suisse Trade Of The Week
The Australian dollar has been range-bound against the greenback for quite some time. The team at Credit Suisse sees a sell opportunity, and they explain: Here is their view, courtesy of eFXnews: Currency investors should consider selling AUD/USD this week, advises Credit Suisse in its weekly FX pick to clients. “Since the start of October, expectations […]
US Dollar Develops In Wave C Of Larger Zigzag
EUR/USD 4 hour The EUR/USD seems to be indeed building a bearish ABC zigzag (green). The Fibonacci levels of wave B (green) are expected to act as resistance and price could turn around at one of them for a continuation within a larger contacting triangle (wave d green). If the bearish breakout is very impulsive, […]
E The Daily Shot And Data – October 18, 2016
Emerging Markets 1. Let’s begin with emerging economies where Gulf-based bank shares are seeing sharp declines. One of the reasons for the sell-off is the loss of bank deposits. The correction is not limited to Saudi Arabia as Abu Dhabi banks also come under pressure – pushing the nation’s overall stock market lower. Elevated Saudi […]
