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  • Finance 0

    USDCAD Daily Analysis – Thursday, Nov. 30

    USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then the following upside movement could take price to 1.3100 area....
    On November 30, 2017 / By
  • Finance 0

    Stocks To Trade: ABBV, DLPH, AMD

    Take a look at three trading ideas to prep you for the next trading session. Long AbbVie (ABBV) Long Delphi Automotive (DLPH) Short Advanced Micro Devices (AMD)...
    On November 30, 2017 / By
  • Finance 0

    Meanwhile, South Korean Industrial Production Crashes

    With South Korean stocks soaring in the face of nukes from their northern neighbor and a credit-crunching China, it appears the South Korean economy just caught down to reality… South Korean Industrial Production crashed 5.9% YoY in October – the biggest plunge since Feb 2013 – driven by a 17.5% collapse in auto production. Economists had forecast a 3.0% surge in IP this month. Of course, for the rampant buyers of South Korean stocks, none of that matters…...
    On November 30, 2017 / By
  • Finance 0

    Comment Of The Day: “Bitcoin Ought To Be Outlawed” Stiglitz

    Economist Joseph Stiglitz sees no socially useful purpose to Bitcoin and concludes it should be banned. The former chief economist of the World Bank, Joseph Stiglitz Wants Bitcoin Banned. “Bitcoin is successful only because of its potential for circumvention, lack of oversight,” Joseph Stigliz, currently a professor at Columbia University, said in an interview on Bloomberg Television today, as the cryptocurrency reached new all-time highs this week. “So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function.” Who gets to decide what is or isn’t a socially useful function? Bitcoin...
    On November 30, 2017 / By
  • Finance 0

    EUR/USD: ‘Primed For Another Look At Higher Levels’

    EUR/USD lost the highs but may be marking a higher low in its correction. Can it tackle 1.20 once again? The team at NAB examines the next moves in euro/dollar. Here is their view, courtesy of eFXnews: NAB FX Strategy Research discusses EUR/USD outlook and makes a bullish case for the pair with 1.15 stands as the range’s base and with topside likely to break above 1.2091 through 2018. “Having probed above 1.20 in August and September before pulling back, the EUR/USD is primed for another look at higher levels. If we’re more confident of a 1.15 range base, what about the topside? We’ve been saying since June the EUR is re-pricing to ...
    On November 30, 2017 / By
  • Finance 0

    All The Banks Deserve Are Crocodile Tears

    It’s official. Lending institutions are having a tough time making loans. Don’t get me wrong, they still make money the old fashioned way: by borrowing from us through deposits on which they pay almost no interest, and then lending it long term to anyone that qualifies. But they’ve had to jack up their other fees because the traditional business plan just isn’t cutting it. You and I are still keeping tidy sums at the bank, even though they pay us about half the rate of inflation, guaranteeing a loss of purchasing power. But few people, and even fewer businesses, want to take out loans. Compounding the issue, the Federal Reserve keeps ...
    On November 30, 2017 / By
  • Finance 0

    Lemmings In Full Stampede Toward The Fiscal Cliff

    The lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below. From bitcoin to Amazon, the financials, the Russell 2000 and most everything else in between, the casinos are digesting no information except the price action and are relentlessly rising on nothing more than pure momentum. The mania has gone full retard. Certainly earnings have nothing to do with it. As of this morning, the Russell 2000, for instance, was trading at 112X reported LTM earnings. Likewise, Q3 reporting is all over except for the shouting and reported LTM earnings for the ...
    On November 30, 2017 / By
  • Finance 0

    Three USD Markets Point One Way

    Simply put the USD is the biggest digital currency, and it dwarfs bitcoin by several orders of magnitude. It seems that the Fed itself does not realize its own game. Lets get into those digital currencies then! THURSDAY’S RISK EVENTS USD: Unemployment Claims, Chicago PMI, Personal Spending m/m.EUR: German Retail Sales m/m, CPI Flash Estimate y/yGBP: N/A.JPY: N/A. EUR/USD 30 min 4 Hours Daily My Bias: long-term bearish Wave Structure: downward impulse waveLong-term wave count: lower in wave (3) red The 4hr chart in EURUSD now shows a bearish momentum setup again, with RSI registering a momentum sell signal yesterday, and now MACD ...
    On November 30, 2017 / By
  • Finance 0

    How Much Runway Is Left For The U.S. Expansion?

    The U.S. expansion is over eight years old, and the S&P 500® Index is up almost 300 percent, cumulatively, from the bottom in 2009.1 This is the second longest bull market in modern history and the third longest economic expansion in records dating back to the 1800s. History would suggest that now is not the time to be complacent. After all, recessions almost always bring bear markets. And so, after such a strong and long run, it’s important for investors to take a step back and think about where we are in the cycle. Full disclosure: forecasting recessions is very difficult. But we can, and do monitor the risk factors that sugges...
    On November 30, 2017 / By
  • Finance 0

    Stocks Don’t Do Well Following Quiet Years Like 2017

    End Of The Yield Curve Flattening Period Treats Stocks Well In continuation with our discussion about what the flattening yield curve means for stocks, the chart below shows the historical movements in the S&P 500 when the yield curve falls below 60 basis points. Firstly, you can see that the time it takes to invert once it goes below 60 basis points has varied widely. I have been discussing the possibility of it inverting sometime in late 2018 or early 2019, but that’s not close to a sure bet. As you can see, it took 43 months to invert after it went below 60 basis points in November 1994. Considering the fact that this is an elongated...
    On November 30, 2017 / By