P&G (PG) has a longer history of dividend growth than Clorox (CLX). That said, Clorox is no slouch when it comes to dividends. Clorox has increased its dividend each year since 1977, a streak of 40 years. P&G has increased its dividend for 61 years in a row. Both P&G and Clorox are members of the Dividend Aristocrats, a group of 51 stocks in the S&P 500 Index with 25+ years of consecutive dividend increases. You can see the entire list of 51 Dividend Aristocrats here. Not only is P&G a Dividend Aristocrat, but it is also a Dividend King, which is a stock with 50+ years of consecutive dividend increases. Including P&G,...
AUD/USD The Australian dollar rallied during the week, and it now looks as if we are going to try to go towards the 0.7750 level above. If we can break above that, that’s a very bullish sign, and should send this market towards the 0.80 level after that. Short-term pullbacks continue to offer buying opportunities, and the 0.7550 level underneath is support. GBP/USD The British pound rallied during the week, breaking above the top of the hammer from the previous week. The 1.30 level continues to offer resistance though, but I think we will eventually break above it. Once we clear the top of this previous week range, then I think the market c...
In the Currency Strength table, the EUR was the strongest currency while the JPY was again the weakest. There were significant changes last week with the GBP gaining 4 points and the CAD gaining 3 points while the CHF lost 4 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 2 points. 13 Weeks Currency Score Strength The 13 Weeks Currency Strength and the 13 Weeks Average are provided below. 1. The strength over a period of the last 13 weeks is considered. 2. Next, the 13 weeks average is considered, see the last row called “Avg. 13 wks.” 3. The nu...
AUD/USD reversed directions last week and gained 110 points. The pair closed at 0.7683. This week’s key indicators are Retail Sales and the RBA rate statement. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. There were major Australian events last week. In the US, Final GDP in Q1 was revised upwards to 1.4%, above the estimate of 1.2%. In the US, the Fed sounded more skeptical about inflation picking up. Is the Fed having second thoughts about a third rate hike in 2017? Updates: AUD/USD daily graph with support and resistance lines on it. Click to enlarge:...
There are some very high-impact news items scheduled this week, primarily affecting the U.S. Dollar which is the most important currency in the Forex market. Therefore, volatility this week should be considerably higher than it has been over the past few weeks. The market will probably be most active on Wednesday and Friday, with the release of the FOMC Meeting Minutes on Wednesday and Non-Farm Payrolls data on Friday. There is also a G20 meeting at the end of the week. Monday is a public holiday in Canada and Tuesday is a public holiday in the U.S.A. U.S. Dollar It will be a very important week for the greenback, starting on Monday with ISM ...
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly: 1. Amazon / Washington Post: President Trump took aim at two of Jeff Bezos’ properties, tweeting that the “#AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!” The tweet followed a report published in the Post that said that a framed copy of a purported Time magazine cover featuring Trump, which was hung up in at least five of the ...
One of the recurring laments about the Fed’s hiking cycle, most recently from Goldman, is that despite 2 rate hikes so far this year, financial conditions remain the loosest they have been in over two years. Whether that is due to the market being so drunk on the Fed’s “punch bowl” it is unable to grasp the liquidity is being dragged away, or for some other unknown reason despite repeated warnings by FOMC members that stocks here are overvalued, markets simply refuse to concede that financial conditions should be tighter, in fact, as Goldman observed “so far, the Fed’s efforts to tighten financial conditions ...
Despite the recent turmoil, the technology sector continues to be investors’ hot favorite and is the clear winner so far. That said, ARK Innovation ETF (ARKK – Free Report) has topped the list of the best-performing ETFs of the first half of 2017, with impressive returns of about 45.7% (read: Is the Tech Rout Overstated? Buy 3 Stocks & ETFs on the Dip). The impressive rally was mainly driven by encouraging industry fundamentals and the emergence of new technology such as cloud computing, big data, Internet of Things, wearables, drones, virtual reality devices and artificial intelligence. The dual tailwinds of a rising interest...
The Canadian dollar sparkled last week, as USD/CAD plunged 300 points. The pair closed at 1.2946, its lowest weekly close since August 2016. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canadian GDP softened to 0.2%, but still matched the estimate. In the US, Final GDP in Q1 was revised upwards to 1.4%, above the estimate of 1.2%. Janet Yellen did not say anything regarding monetary policy, but her colleagues seem more skeptical about inflation picking up. Updates: USD/CAD daily graph with support and resistance lines on it. Click to enlarge: M...
Fundamental Forecast for the U.S. Dollar: Neutral Is this a Weak Dollar, or Strong Euro, Pound and Canadian Dollar? Fed Loses First Mover Advantage, EUR/USD Price Approaches 1.1500. The U.S. Dollar put in a precipitous decline this week, setting yet another new low as price action fell below the election night swing from November of last year. This means that we’re now looking at an -8% decline in the Greenback, peak-to-trough, from the 2017 high to this morning’s low; and surprisingly, the Federal Reserve has remained persistently hawkish throughout this period as we’ve now seen three rate hikes in the past seven months. But this rece...