Chart Of The Day: California Minimum Wage Hike History
California Governor Jerry Brown launched a Political Earthquake proposing a series of minimum wage hikes every year between now and 2022 when the minimum wage hits $15. The Huffington post reports “The new law will boost paychecks for millions of California workers. More than 40% of California workers earn less than $15 dollars an hour. ” The […]
Video Preview: NFP Fallout, Fed Minutes And More
In the week after the jobs report, this event will still echo but we will hear from the Fed soon enough, via the meeting minutes. Also watch out for services PMIs, most importantly in the US, as well as the buildup towards the oil summit, the Australian rate decision and more in the first full […]
U.S. Bond Market Week In Review: Deconstructing Yellen
Fed Chair Yellen gave a very important speech last week. While she focused on domestic economic developments, there was also tremendous focus on international events and their potential negative impact on the US economy – a line of analysis championed by Fed President Brainard. Yellen’s latest speech indicates a far more international approach to monetary […]
Metals Sector: It’s Still Too Early To Re-Enter
It’s still too early to enter the metals sector. As always happens after a strong rally in anything, traders begin to anticipate another leg up. They buy the first corrective move back down because they missed the initial rally, and they don’t want to miss the next one. This is the current setup in the […]
Weekly Economic & Political Timeline – 4/3/2016
Last week’s speech by Janet Yellen determined the course of the major price movements within the Forex market, which in the end were against the U.S. Dollar. This week has a fuller schedule of releases, so we can expect a more volatile week. The highlight of the week will probably be the Tuesday / Wednesday […]
Gold Bull Case: Surge In Government Bonds With Negative Yield
On March 31, 2016, the World Gold Council published a market update – Gold in a world of negative interest rates. The update provides some excellent information on how a significant portion of government bonds are trading with negative yields and presents a case for increasing investments in gold. The chart below that is sourced from […]
US Equity And Economic Review: Could We Rally From Here?
On Monday, the BEA reported income and consumption expenditures: Personal income increased $23.7 billion, or 0.2 percent, and disposable personal income (DPI) increased $23.7 billion, or 0.2 percent, in February, according to the Bureau of Economic Analysis.Personal consumption expenditures (PCE) increased $11.0 billion, or 0.1 percent.In January, personal income increased $72.7 billion, or 0.5 percent, […]
EUR/USD: Bullish But With Caution
EURUSD: Although EURUSD remains biased to the upside, we envisage a move lower on correction in the new week. Support lies at the 1.1300 level. Further down, support lies at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will aim at the 1.1150 level. Conversely, on the […]
Britain Boosts Minimum Pay For Millions
David Cameron promised and David Cameron delivered. Last year, the British Prime Minister told his people that “Britain deserves a pay raise.” And indeed, on Friday, more than a million British workers were given an increase in their pay as a higher minimum wage came into force. The British Chancellor of the Exchequer George Osborne […]
IMF’s Christine Lagarde: “When The World Goes Downhill, We Thrive”
When we wrote earlier that based on a leaked Wikileaks transcript, which the Greek government interpreted “as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected“, the article promptly went viral. While it remains to be determined if the IMF indeed […]
