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  • Finance 0

    USD/CAD Forecast April 24-28

    USD/CAD reversed directions last week and posted a sharp gain of 170 points. The pair closed the week at 1.3481. This week’s key events are retail sales reports and GDP. Here is an outlook on the major market- movers and an updated technical analysis for USD/CAD. Last week’s US data was soft. Construction numbers were mixed and manufacturing and employment numbers missed their estimates. In Canada, CPI was unchanged, posting a weak gain of 0.2%. Updates: USD/CAD daily graph with support and resistance lines on it. Click to enlarge: Wholesale Sales: Monday, 12:30. Wholesale Sales soared 3.3% in February, crushing the estimate of 0.3%...
    On April 23, 2017 / By
  • Finance 0

    Stocks Going Ex Dividend The Fourth Week Of April

    Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets, and can work in flat or choppy markets, but you need to avoid the technique during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date. The actual dividend may ...
    On April 23, 2017 / By
  • Finance 0

    3 Key Predictions For Twitter’s Q1 Earnings Report

    Despite its well-documented struggles, Twitter (TWTR – Free Report) still attracts plenty of investor attention, and as the company gets set to report its first-quarter results next week, there are likely still some optimists who think this will be the quarter that the struggling social media company turns it around. The micro-blogging site has revolutionized the way that its users consume breaking news and interact with current events, but it has been quite the frustrating stock to own over the past few years. Twitter has simply failed to substantially grow its user base, and its most recent attempts to return more value to sharehold...
    On April 23, 2017 / By
  • Finance 0

    Get Ready For Gap Open In EUR-Crosses Thanks To French Election

    Fundamental Forecast for EUR/USD: Neutral – With French election results coming out before markets open up on Sunday, expect a sizeable gap in the EUR-crosses (results due out at 14:00 EDT; FX markets open at 17:00 EDT). – The ECB policy meeting on Thursday, without new staff economic projections (SEPs), is pretty much an afterthought. – See how the French elections fit in with our Q2’17 EUR/USD forecast. With the first round of the French presidential elections due out today, Sunday, traders have remained noncommittal about pushing various FX pairs in any concerted direction. EUR-crosses have done little but remaine...
    On April 23, 2017 / By
  • Finance 0

    Deutsche Bank: “It Was Good While It Lasted”

    It all started in February, when we first reported that something unexpected had happened: for reasons that were at the time unknown, the global credit impulse had unexpectedly tumbled, turning negative, a move which we predicted would result in a steep slide in the “soft” economic data, end the “reflation” optimism and unleash a wave of dovishness from the Fed. Then, two months later when the reflation trade was officially over, in early April the culprit for this sudden collapse in global growth momentum was identified: China, which together with the price of oil, had been the  only catalyst for the global refla...
    On April 23, 2017 / By
  • Finance 0

    USD Cycle Update – Sunday, April 23

    This Update will provide both a near term and long term update on the USD and where I think it stands in its short and long term cycles. My first two charts are the same near term daily chart. The first provides my cycle counts for the past 6 Trading Cycles. The second shows a potential Blue Fork Channel that should hold it. USD did find a TC low on day 17 last week. Remember that I am still expecting Gold to find its next Intermediate Cycle Low in the May/June timeframe probably when Gold also finds its Trading Cycle 4 low. Basically I don’t see how Gold can find an ICL with the USD moving lower right now. Therefore I believe the dollar ...
    On April 23, 2017 / By
  • Finance 0

    Can The Electric Grid Handle Self-Driving Electric Trucks?

    In response to some of my recent posts on self-driving and electric vehicles, several readers asked if the electric grid could handle the increase. Other readers flat out stated the electric capacity was insufficient. What’s the real story? An electrical engineer in the utility industry emailed his thoughts in a pair of emails yesterday. Mish, I agree with you 100% about autonomous trucking. The driver plus insurance represent 39% of the cost per mile of operating a truck, according to the ATRI. Something you might consider is that autonomous trucking will make electric trucks inevitable. It is easy to build a 200-mile range electric truck...
    On April 23, 2017 / By
  • Finance 0

    French Fate And British Snaps

    We are back from the vacation just in time for the biggest political event of 2017: the French elections. We look at the potential market reactions and the probabilities of the various scenarios. We cross the channel for more election news from the UK and discuss the impact on the pound before previewing a busy week. French elections 2017: The world is watching France with a totally open election featuring the extreme right, the center-right, the center and the extreme-left. What are the odds of an extreme run-off and how much will the euro fall? What will happen if the mainstream candidates make it through? If you are hearing this after the...
    On April 23, 2017 / By
  • Finance 0

    Dogs Of The Dow Falling Further Behind

    It has been several months since updating the performance of the Dogs of the Dow investment strategy. The strategy is one where investors select the ten stocks that have the highest dividend yield from the stocks in the Dow Jones Industrial Index (DJIA) after the close of business on the last trading day of the year. Once the ten stocks are determined, an investor invests an equal dollar amount in each of the ten stocks and holds the basket for the entire next year. The popularity of the strategy is its singular focus on dividend yield. The strategy is somewhat mixed from year to year in terms of outperforming the Dow index though. Over the...
    On April 23, 2017 / By
  • Finance 0

    E Macro-Concerns Dominate The Trading Week As Volatility Takes Center Stage

    It’s enough to make you close up shop and seek out a new career if you’re a portfolio or hedge fund manager. I say that tongue and cheek of course, but next week will prove to be quite interesting if you have been reading the headlines and/or listening to what the major media outlets have been cultivating  If we take these events mentioned in order, the greatest consideration would likely produce a good deal of volatility in the markets next week. Leading up to the aforementioned market events, volatility had already been rising and before peaking out at roughly 16.25 recently.  What had been sparking higher levels of volatility/fear, a...
    On April 23, 2017 / By