Latest Posts

  • Finance 0

    USDCAD Daily Analysis – Thursday, Oct. 19

    USDCAD moved sideways in a trading range between 1.2433 and 1.2598 and is now facing the key support level at 1.2433. A breakdown below this level will indicate that the uptrend had completed at 1.2598 already, then the pair will find next support level at 1.2300, followed by 1.2061. On the upside, a breakout of 1.2598 resistance will suggest that the uptrend has resumed, then the following upside movement could bring the price to 1.2750 area....
    On October 19, 2017 / By
  • Finance 0

    Is This Double-Digit Yielder Safe?

    Back in June, I covered one of the most requested stocks in this column, Prospect Capital Corp. (Nasdaq: PSEC). At the time, the stock received an F rating for dividend safety because of a history of dividend cuts and falling net investment income (NII), a measure of cash flow used by business development companies. Two months later, Prospect Capital slashed its dividend 28% to $0.06 per share monthly from $0.083. In the most recent quarter, NII fell 24% from last year and 18% for the full fiscal year, which ended in June. If Prospect Capital grows its NII next year, it will be eligible for an upgrade. But until then, its history of cutting...
    On October 19, 2017 / By
  • Finance 0

    Impressive Growth In Asian Merchandise Exports

    Merchandise export was slow for the past three years. In 6M17, Asia ex Japan booked a very high growth at 40% YoY vs the World of 9.5%. Things are going well in Asia, though a strong slow down in the west could hurt the economy....
    On October 19, 2017 / By
  • Finance 0

    S&P 500 And Nasdaq 100 Forecast – Thursday, Oct. 19

    S&P 500 The S&P 500 rallied during the day on Wednesday, reaching towards the 2560 level. We still have plenty of support below at the 2550 handle, and it’s likely that the markets continue to find buyers in that general vicinity. Stock markets are very bullish, and in the middle of earnings season, we are seeing quite a bit of optimism. I think that the market will go looking towards the 2600 level over time, but we may get some volatility in the meantime, but I look at that as a potential buying opportunity. Because of this, I think that the markets will ultimately find plenty of reason to go higher, but I suspect that we may have...
    On October 19, 2017 / By
  • Finance 0

    The Tangible Benefits Of A Real Estate Flipping Business Plan

    There are few things more important to today’s investors than a real estate flipping business plan. In fact, outside of your network, access to funding and education, you could argue that a real estate flipping business plan is next in line. If for nothing else, a well-crafted plan will indicate the most efficient and best way to proceed through the industry. What’s not to like? It’s entirely possible for a good plan to take you farther than you ever imagined, but I digress. A great plan is so much more than a blueprint for success; it’s the foundation of your entire business. Perhaps even more importantly, a real estate business ...
    On October 19, 2017 / By
  • Finance 0

    GDP Is Bogus: Here’s Why

    Here’s a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation. The theme this week is The Rot Within. The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The prime “proof” of rising prosperity is the Gross Domestic Product (GDP), which never fails to loft higher, with the rare excepts being Spots of Bother (recessions) that never last more than a quarter or two. Longtime correspondent Dave P. of Market Daily Briefing recently summarized the key flaw in GDP:...
    On October 19, 2017 / By
  • Finance 0

    Precious Metals: A Coiling Spring

    I’ve been keeping a close eye on precious metal stocks. They’re coiling in a tight pattern and look set for an explosive move in one direction or another. Below is XAU the gold and silver index on a weekly basis. Here a quick rundown on how I think about precious metals. Like Ray Dalio has said, “Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.” We can view gold and silver as anti-dollars. Since they are priced in US dollars they tend to move i...
    On October 19, 2017 / By
  • Finance 0

    EURUSD: Rate Expected To Fall By The End Of The Day

    Previous: On Wednesday the 18th of October, trading on the euro/dollar pair closed up. After hitting a new weekly low, the price mounted a recovery to 1.1817 that extended into the Asian session. I can’t see any fundamental factors that would have caused the euro’s 87-pip rally. I reckon the price underwent a correction on the longer timeframes. Newswires are reporting that the euro’s rally was the result of expectations that at this month’s ECB meeting, Mario Draghi will announce a reduction in the regulator’s asset purchasing program effective from January 2018. We could see the regulator reduce the volume of purchases, but exten...
    On October 19, 2017 / By
  • Finance 0

    Australian Unemployment Rate Improves In September

    Australian unemployment rate improved to 5.5 percent in September, according to the Australian Bureau of Statistics report released on Thursday. The number of employed persons rose by 19,800 in September when compared with the preceding month. Full-time employment climbed by 6,100, while the number of part-time employees rose by 13,700. The participation rate, including people gainfully employed or actively seeking work, stood at 65.2 percent. The Reserve Bank of Australia left interest rate unchanged at 1.5 percent to better stimulate growth in the services industry and offset mining deficit following plunged in global commodity prices. H...
    On October 19, 2017 / By
  • Finance 0

    GBP/USD Daily Analysis – Thursday, October 19

    GBP/USD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance is at the support-turned-resistance trend line on the 4-hour chart now at around 1.3235. Only a clear break above the trend line could trigger another rise towards 1.3455.  ...
    On October 19, 2017 / By