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  • Finance 0

    Non-Farm Payrolls Only 138K, Wages Stuck At 2.5% – USD Crashes

    A disappointing US jobs report on all fronts: only 138K jobs gained and wages are up 0.2% as expected but with a downwards revision. Year over year, salaries are stuck at 2.5%. The unemployment rate is down to 4.3% but the participation rate also falls to 62.7%. Revisions are negative but so is the real unemployment rate. All in all, the big miss in jobs is compounded by static wages at 2.5%. The US is falling sharply across the board on this terrible jobs report. May 2017 NFP Data (updated) Non-Farm Payrolls:  138K (exp. +186K last 211K before revisions) Average Hourly Earnings 0.2% m/m, 2.5% y/y (exp. +0.2% m/m, 2.6% y/y, last month...
    On June 2, 2017 / By
  • Finance 0

    Top Ranked Value Stocks To Buy For June 2

    Here are four stocks with Zacks Rank #1 (Strong Buy) and strong value characteristics for investors to consider today, June 2: Big 5 Sporting Goods Corporation (BGFV – Free Report) : This sporting goods retailer has seen the Zacks Consensus Estimate for its current year earnings soaring 16.8% over the last 60 days. Big 5 Sporting Goods Corporation Price and Consensus Big 5 Sporting Goods Corporation Price and Consensus | Big 5 Sporting Goods Corporation Quote Big 5 Sporting Goods has a price-to-earnings ratio (P/E) of 11.58, compared with 16.2 for the industry. The company possesses a Value Score of A. The Children’s Place, I...
    On June 2, 2017 / By
  • Finance 0

    China’s Leverage Crackdown And What It Means For Stocks

    For the last several decades, China’s economy has been growing at an extraordinary clip and now stands as the second largest economy in the world. Inevitably that rate must slow, which is exactly what has happened each year since 2010. The absolute rate of growth of the economy is a strong point of pride in China, and authorities in the country have historically made it clear each year what they would like to see as the target growth rate. For the last several years, however, that growth mandate may have come at the expense of stability in the economy. China is unique in that much of the private sector is concentrated in state-owned enterpr...
    On June 2, 2017 / By
  • Finance 0

    E-Mini S&P500 Ahead Of NFP

    The S&P 500 is trading at all time highs with some sharp price move up from 2403 that we see as a fifth wave rally, the final part of a five wave recovery from 2345 called an impulse wave*. There are some Fibonacci levels around 2440 that may play an important role for the next few sessions, as we think that upside can be limited and that a new corrective setback could come at the start of June. However, extended fifth waves are very common on stock markets, so do not chase it and call a top until you see a five wave drop from the high. S&P500, 4h   *Impulse wave is structured by five sub-waves in the direction of a stronger trend. T...
    On June 2, 2017 / By
  • Finance 0

    Sterling ‘Risk’ Spikes To Post-Brexit Highs Ahead Of UK Election

    The premium to bet on the pound’s volatility in the next two weeks relative to one-month wagers has surged to the highest level since the aftermath of the Brexit vote ahead of next week’s U.K. snap election. As Bloomberg notes, even though polls suggest Prime Minister Theresa May remains on track to increase her parliamentary majority… But, so-called butterfly options… Show the pound’s moves in the next two weeks could be the largest since the currency’s flash crash in October, when it dropped 6 percent in just one minute....
    On June 2, 2017 / By
  • Finance 0

    EC Risk Premia Forecasts: Major Asset Classes – Friday, June 22

    The projected risk premium for the Global Market Index (GMI) ticked higher in May. GMI, an unmanaged market-value weighted mix of the major asset classes, is expected to earn an annualized 5.4% (over the “risk-free” rate) in the long run – 20 basis points above last month’s estimate. Adjusting for short-term momentum and longer-term mean-reversion factors (defined below) trims GMI’s ex ante risk premium to an annualized 5.0%, which is slightly above the 4.9% estimate in the previous forecast. Meanwhile, the trend for GMI’s risk-premium performance in recent history held steady May. The benchmark earned an annualized 4.3% for th...
    On June 2, 2017 / By
  • Finance 0

    Dollar Marks Time Ahead Of U.S. Jobs Report

    The foreign exchange market is becalmed, leaving the US dollar narrowly mixed. The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning. The news stream is light. The US withdrawal from the Paris Accord may have garnered the headlines, but as a market force, it is difficult to detect the immediate impact.   The UK reported stronger than expected construction PMI. Unlike the manufacturing PMI reported earlier in the week, where the decline was not as much as anticipated, the construction PMI rose outright. The 56.0 reading is a new two-year high and compares with April’s 53.1. An...
    On June 2, 2017 / By
  • Finance 0

    Silver And Nasdaq Strength Will Reverse

    Bubbles come and go. Silver and gold – 1980 Japanese Nikkei – 1990 Nasdaq – 2000 Mortgages and Real Estate – 2006 Bonds, Debt, Stocks, Real Estate – 2017 Examine the following graph of monthly data for 32 years of the Nasdaq 100 Index and Silver. We saw the Nasdaq bubble in 1999-2000, a rapid rise for silver in 2010 – 2011 and a large rise in the Nasdaq 100 during 2009 – 2017. Prices for both markets have often risen too far and too fast, and then corrected or crashed. The Nasdaq dropped more than 80% from 2000 to 2002. Silver dropped about 70% from 2011 to late 2015. The Nasdaq 100 is likely to drop by a large percent...
    On June 2, 2017 / By
  • Finance 0

    Friday, June 2 – Lookback

    Welcome to the easyMarkets weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine a successful trade you could have made this week. Event: US Core PCE Price Index Date: Tuesday 30 May 2017 at 12:30 GMT Markets affected: EUR/USD, GBP/USD, USD/JPY Trending hashtags: #usd, #inflation Core Personal Consumption Expenditure (PCE) in the US increase 0.2% for the month of April as analysts were forecasting. This inflation figure came above the previous month’s 0.1% rise but on an annual basis reduced to 1.5% ...
    On June 2, 2017 / By
  • Finance 0

    Here’s Your Last Chance To Preview Friday’s “All-Important” Jobs Report

    We’ll get the jobs report on Friday and after Thursday’s ADP beat, there’s a palpable sense of optimism out there as evidenced by the overnight risk-on mood. Here are the estimates: Change in Nonfarm Payrolls, est. 182,000, prior 211,000 Change in Private Payrolls, est. 175,000, prior 194,000 Change in Manufact. Payrolls, est. 5,000, prior 6,000 Unemployment Rate, est. 4.4%, prior 4.4% Average Hourly Earnings MoM, est. 0.2%, prior 0.3% Average Hourly Earnings YoY, est. 2.6%, prior 2.5% Average Weekly Hours All Employees, est. 34.4, prior 34.4 Labor Force Participation Rate, est. 62.93%, prior 62.9% Underemployment Rate, prior 8.6% For t...
    On June 2, 2017 / By