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  • Finance 0

    EUR/USD And GBP/USD Forecast – Friday, April 21

    Video length: 00:01:17 EUR/USD The EUR/USD pair rallied during the day on Thursday, breaking above the 1.0750 level. If we can break above the top of the candle for the session, I think that is a very bullish sign and should send this market to the upside, perhaps reaching towards the 1.08 level, and then eventually the 1.09 level after that. A pull back from here more than likely will find buyers underneath, and it’s not until we break significantly below the 1.07 level that I would consider selling. Ultimately, this is a market that has a lot of volatility built into it, but longer-term it looks as if we are in a gradual uptrend eating ch...
    On April 21, 2017 / By
  • Finance 0

    When The Wheels Stop Rolling

    When it comes to new car sales, most Americans are payment buyers. We want a good deal, for sure, but we really need a car payment that fits our monthly budgets. That’s a problem, given that we also want premium brands, snazzy features, and, for many of us, hulking big machines that look like they’d be more at home tearing up jungle roads than cruising on asphalt around town or on the interstate. All of that stuff costs money, which is in short supply with modest wage growth. But that’s OK. For the last several years, automakers, or at least their financing arms, have had an answer to keep the sales humming. Extend, extend, extend. Four...
    On April 21, 2017 / By
  • Finance 0

    Friday Charts: Your Post-Tax Day Gift — And The Ugliest Earnings Streak In Tech

    It’s Friday in the Wall Street Daily Nation. If you’re a newbie, that means I’m skipping the long-winded analysis. Instead, I’ll let some carefully selected graphics speak for me. We’re on the cusp of an earnings onslaught. Peak reporting season hits on April 27, when 72 S&P 500 companies report results. So I figured there’s no better place to focus our attention. After all, nothing possesses more power to consistently move stock prices dramatically higher (or lower) than an earnings report. We’re going to start with the ugliest, most depressing earnings trend in existence. Yes, it’s a caveat emptor situation. Then it’...
    On April 21, 2017 / By
  • Finance 0

    Stock Exchange: Long-term (Energy) And Short-term (Finance And Software)

    Every trader has a method linked to a time frame. Our group has some new ideas, but the members are sticking to their guns on some positions. Long-term viewpoints emphasize an economic rebound, with materials and energy stocks leading. Short-term methods show opportunities in financial stocks and software. Review Our last Stock Exchange discussed contrarian trading – why it is admired and how to do it intelligently. The group suggested three ideas. If you missed it, you will enjoy the topic and the ideas. Market Tech Take I hope to do something along the lines of a weekly review of important technical indicators. Our own key indicator, th...
    On April 21, 2017 / By
  • Finance 0

    UK Retail Sales Badly Disappoint With -1.8% – GBP Falls

    Brexit is taking its toll. The weak pound results in higher inflation and Brits are buying less. Retail sales drop by no less than 1.8%, much worse than 0.2% expected. A small upwards revision for February is worth only 0.3%. Year over year, sales are up 1.7%  half the 3.4% rise expected. Excluding fuel, sales are down 1.5% month over month, a big miss on a 0.4% slide predicted. Year over year, the rise is only 2.6% instead of 3.9% on the cards.This is the largest decline in seven years. GBP-USD falls under 1.28. The pair shot up on the announcement earlier in the week that Britain would head to the polls. See the five reasons for why the ...
    On April 21, 2017 / By
  • Finance 0

    What Do Banking Earnings Tell About These Financial ETFs?

    The financial sector, which accounts for around one-fifth of the S&P 500 index, is now busy with Q1 earnings releases. The going is good so far, with four big banks crushing estimates on both lines, one reporting mixed results and Goldman falling shy of both counts. The Zacks Sector Rank for banks is in the top 31% and Industry Rank is in the top 26%. The backdrop should favor the banks along with the course of oil, the stance of the Fed and proposed policies of Trump. However, the downtrend in the benchmark U.S. Treasury yields since mid-March thanks to a dovish Fed rate hike outlook and geopolitical risks is a concern for the banking se...
    On April 21, 2017 / By
  • Finance 0

    What’s Left If There Is No Money Or Policy In Monetary Policy? Reality

    It’s such an obvious thing, so maybe that is why no one mentions it. I doubt that is the reason, however, because doing so isn’t a mystery so much as narrowing down suspects. That is why when talking about the so-called natural rate of interest, or R* (r-star), the issue is (intentionally) cloaked in the language of the very long run. Pay no attention to that big decline and the timing of it; instead worry only about economic trends that predate the internet. San Francisco Fed President (and CEO) John Williams has been carrying the torch of R* ever since it was updated to econometrics at the dawn of the 21st century. The idea was a 19th...
    On April 21, 2017 / By
  • Finance 0

    How To Identify Bubbles

    The first bubble I ever saw was the dot-com bubble of 1999. I was born in the early seventies, and I made it to my mid-twenties before ever hearing about an asset price bubble. Commercial real estate went nuts in the eighties, but nobody ever called it a bubble. They didn’t even call it a crash when it crashed. Bubbles aren’t new—they’ve been around since Dutch tulips—but it’s only recently that they’ve worked their way into the average investor’s lexicon. If you asked the man on the street, he would probably tell you there are five different bubbles going on right now. There is some truth to that, but also some untruth to tha...
    On April 21, 2017 / By
  • Finance 0

    Sensex Trades In Red; Pharma Stocks Drag

    After opening the day on a positive note, share markets in India witnessed volatile trading activity and are currently trading below the dotted line. Sectoral indices are trading on a mixed note with stocks in the realty sector and stocks in the capital goods sector trading in green, while stocks in the pharma sector are leading the losses. The BSE Sensex is trading up by 81 points (down 0.3%), and the NSE Nifty is trading down by 20 points (down 0.2%). Meanwhile, the BSE Mid Cap index is trading down by 0.1%, while the BSE Small Cap index is trading up by 0.3%. The rupee is trading at 64.60 to the US$. In news from stocks in...
    On April 21, 2017 / By
  • Finance 0

    German PMIs Mixed – EUR/USD Remains Bid

    German manufacturing PMI remains super-strong at 58.2 points, slightly above expectations. However, the services sector sees a decline from 55.6 to 54.7 points, below expectations. EUR/USD is stable after the publication and up on the day. The focus remains on the all-important elections in France. Markit’s flash purchasing managers’ index for April was expected to show a small slide. The manufacturing sector carried expectations for 58 points after 58.3 in March. The services sector was projected to slide from 55.6 to 55.5 points. EUR/USD was moving up ahead of the publication, rising to 1.0737. We had seen a double-top on the charts ju...
    On April 21, 2017 / By