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The Japanese Popsicle Affair
Policy-Induced Contrition in Japan As we keep saying, there really is no point in trying to make people richer by making them poorer – which is what Shinzo Abe and Haruhiko Kuroda have been trying to do for the past several years. Not surprisingly, they have so to speak only succeeded in achieving the second part of the equation: they have certainly managed to impoverish their fellow Japanese citizens. Shinzo Abe and Haruhiko Kuroda, professional yen assassins Photo credit: Toru Hanai / Reuters Just think about the relentless pressure on the yen in the years following Kuroda’s implementation of the “QQE” policy (colloquially known as ... -
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E Elliott Wave Analysis: Cable Still In A Correction; Move Beneath 1.4500 Would Indicate More Weakness
GBP/USD is trading to the upside this week from 1.4330 so it appears that corrective wave two is still underway. An updated count shows idea of a flat in progress after recent small break beneath red wave 1) which is usually the case in wave B of a flat pattern. That said, price is probably in wave C that can be looking for resistance then around current 61.8% Fibonacci level, so we remain bearish on cable as long as market trades beneath 1.4769 high where pair might have accomplished a big contra-trend move visible on higher time frames. From a confirmation point of view, we would need to see move back beneath 1.4500 to make sure that there... -
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The Shift To A Cashless Society Is Snowballing
Love it or hate it, cash is playing an increasingly less important role in society. In some ways this is great news for consumers. The rise of mobile and electronic payments means faster, convenient, and more efficient purchases in most instances. New technologies are being built and improved to facilitate these transactions, and improving security is also a priority for many payment providers. However, as Visual Capitalist’s Jeff Desjardins explains, there is also a darker side in the shift to a cashless society. Governments and central banks have a different rationale behind the elimination of cash transactions, and as a result, t... -
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EUR/USD And GBP/USD Forecast For May 20, 2016
EUR/USD The EUR/USD pair fell initially during the day on Thursday, but found enough support just below the 1.12 level to turn things around for a bit of a hammer. With this, the market should continue to go back and forth over the longer term in my opinion, so we can break above the top of the hammer. I believe that we will probably bounce towards the 1.1350 level next, and then possibly even the 1.15 level above that. On the other hand, if we break down below the bottom of the hammer, that is a very negative sign and could very well send this market down to the 1.10 level below. Either way, expect a lot of choppiness of volatility due to th... -
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Duterte’s Pragmatic Agenda For The Philippines
While the Aquino reforms ignited great progress in the Philippines, the new president will favor inclusive growth and greater pragmatism in foreign policies that will shape Southeast Asia’s future. The international buzz surrounding the presidential election of Rodrigo “Rody” Duterte (71), the longtime mayor of the southern Davao City, has focused on his tough talk about killing criminals and restoring the death penalty. But much of his media coverage misses the bigger picture. Duterte is a pragmatist. His initial appointments suggest that he prefers loyalists and hands-on executives who will deliver on their mandates. The people of the... -
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What Does The Next OPEC Meeting Have In Store?
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers. The new Saudi oil minister, Khalid al-Falih, will be attending his first OPEC meeting, but exp... -
Finance 0
Dollar Gains On Upbeat Fed Minutes With More Upside Likely
The dollar index is poised for the third week of strong gains after falling to lows of 91.88. The next big event risk comes from next week’s revised GDP estimates. The US dollar is poised to close the third week of consecutive gains after price briefly fell to an 18-month low to 91.88. The impressive turnaround in the dollar index came as economic data continued to improve steadily. The hawkish Fed minutes report was the icing on the cake for the US dollar which extended its gains. The technical flows in the dollar index signal a possible shift in sentiment in the greenback which has been in a steady decline since the onset of the first qua... -
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Trading The EUR Dynamics – Morgan Stanley
The euro is trading lower against both the rebounding US dollar and the re-surging pound. What’s next for the common currency? Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: Next to Japan, EMU represents another case where the yield curve has been ‘exhausted’. This environment has seen FX driven by money markets and less by long-term investment flows. Recall, negative nominal yields that find it difficult to fall further suggest that inflation expectations provide the bigger beta to real yields relative to nominal yields. Perversely, this currency environment suggests the EUR should work higher when the ... -
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Two Overlooked Streaming Stocks With Huge Upside Potential
TM Editors Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Streaming/royalty stocks have been darlings of the commodity investment world. In the precious metals sector, this type of company provides financing for mining companies in the form of an upfront cash payment in exchange for a percentage of production or revenues from the mine. Jason Hamlin of Gold Stock Bull profiles two streamers often overlooked by investors. AuRico Metals Property Locations The main difference between a streaming company and royalty company is that a royalty is cash paid as a per... -
Finance 0
10 Companies Benjamin Graham Would Invest In Today – May 2016
Out of the multitude of companies, which ones would legendary value investor Benjamin Graham buy today? I’ve compiled ten great companies that fit the ModernGraham criteria, based on Benjamin Graham’s methods. The companies in this list pass the rigorous requirements of either the Defensive Investor or the Enterprising Investor and are undervalued by the market. Here are the ten companies Benjamin Graham would invest in today: Bed Bath & Beyond Inc. (BBBY) Bed Bath & Beyond Inc. qualifies for the Enterprising Investor but not the more conservative Defensive Investor. The Defensive Investor is concerned with the low current rat...
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