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Markets In-Review: Stocks Decline As Consumer Sentiment Improves
? Volatile session for stocks concludes (mostly) in the red ? S&P500 down 0.5% Mon-Fri, marking third consecutive weekly decline ? U.S. macro shows strength with Apr Retail Sales up 1.3%, U. Mitch sentiment rising to 95.8 ? EUR/USD down 0.6% on Friday on strong U.S. macro ? Oil prices touch USD 47.02 per barrel, a 6 Mo high, on inventory draw and lower production Sentiment continued to run fairly negative this week, at least as long as the equity market is concerned. In spite of peaking at over 2,084 points on Tuesday, momentum was soon to change, leading the S&P 500 to decline 1.8% between Wednesday and Friday and ending at a level o... -
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How Referenda Threaten The EU
Britons will vote in a referendum June 23 on whether the country should remain in the European Union. Groups from both side of the debate are campaigning in the months leading up to the vote. (Ian Forsyth/Getty Images) Forecast In the coming years, national governments, opposition groups and civil society organizations will increasingly turn to popular votes to decide a broad range of EU-related debates. National governments will probably use referenda (or, more likely, the threat of them) to demand concessions from the European Union, to justify domestic decisions or to increase their own popularity. Votes will take place against a backdr... -
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International Economic Week In Review: Did A Weak Service And Construction Sector Cause Australia’s Rate Cut?
Last week, the RBA lowered Australian interest rates 25 basis points, to 1.75%. The press release contained the following paragraph: Inflation has been quite low for some time and recent data were unexpectedly low. While the quarterly data contain some temporary factors, these results, together with ongoing very subdued growth in labor costs and very low cost pressures elsewhere in the world, point to a lower outlook for inflation than previously forecast. The paragraph provides ample fodder for analysts’ belief that low inflation was the primary reason for the cut. After all, the topic sentence describes inflation as “unexpectedly low.... -
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Forex Ranking, Rating And Score: Week 20
When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: JPY(5X) followed by the USD(2X). The weaker currencies are the AUD(5X) followed by the GBP(2X). A nice combination for coming week may be e.g: AUD/JPY with the GBP/USD GBP/JPY with the AUD/USD These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader strategy because these are all different currencies. Generally speaking, by not trading the same currency i... -
Finance 0
Apple’s $1 Billion Investment In Didi Chuxing
Apple Inc. (AAPL) reported earlier this week that it has invested $1 billion in the Chinese ride-hailing service Didi Chuxing. The Chinese company is a major player in the on-demand taxi market and is Uber’s main competitor. The move will help the company better understand the critical Chinese market, according to Apple Chief Executive Tim Cook. The iPhone business that propelled it to record profitability shows signs of maturing, thus, Apple’s diversification of the sharing economy and car technology is one which will likely to yield fruitful returns in the future. Apple’s transition into the Chinese market has not been too smooth.... -
Finance 0
E Spock Home-run : Anfield Nickle
I showed you the value of information…Now go get it… -Gordon Gekko to Bud Fox, Wall Street 1987 Folks this is exhibit A on the value of information. For anyone still holding out on coming over to Spock’s site www.spockm.com take a look at what you could have gotten buttoned down over the past month. As a team we scoped out the story of the buyout of Magellan Minerals by Anfield Nickel. We caught the scent 2 months before the market realized what was going on and took advantage of it. We held this one close to our chest. If one was not in on this deal before it launched it just left you behind and we caught the scent before the market ... -
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Why Conventional Investors Are Getting Slaughtered
Recently, legendary investor and philanthropist Stanley Druckenmiller made news when he said that investors should sell their stocks and buy gold. Lost in that message – with which I wholeheartedly agree – was another important point that Druckenmiller made in looking back at his career. He noted that when he started Duquesne Capital Management in 1981, the risk-free rate of return was 15%. That was the era when the U.S. was facing run-away inflation, iconic Federal Reserve Chairman Paul Volcker had raised interest rates to the high teens, and Treasury bonds paid very high yields. Investors could simply buy Treasuries and earn high n... -
Finance 0
Are Dollar Fundamentals Lagging The Technical Improvement?
The US dollar extended its recovery that began on May 3. Its technical condition remains constructive, even though up until now, the gains are still consistent with a modest correction rather than a trend reversal. The details of the employment report, if not the headline, coupled with the 1.3% increase in retail sales, have boosted confidence that the US economy is rebounding in Q2 after a six-month slow patch. The average of the Atlanta Fed (2.8%) and NY Fed GDP trackers (1.2%) is 2%, and that is considered trend growth. The April FOMC statement recognized that the strength of the labor market was generating domestic demand. The ... -
Finance 0
US Bond Market Week In Review: The Labor Market Isn’t As Strong As The Fed Thinks
Recent labor market news has understandably led the Federal Reserve and various Fed presidents to conclude the job market is strong. The latest Fed policy statement concluded, “A range of recent indicators, including strong job gains, points to additional strengthening of the labor market.” In a recent speech, Chicago President Evans observed, “Over the past two years, the unemployment rate has fallen to 5 percent, half its 2009 peak, and job growth has averaged well over 200,000 per month.” And a recent Power Point presentation used by St. Louis President Bullard contained the conclusion, “labor markets are relatively tight.”... -
Finance 0
Weekly Forex Forecast – 5/15/2016
USD/CAD The USD/CAD pair initially fell during the course of the week but turned right back around to form a hammer on the weekly chart. I believe that we are simply trying to build up enough momentum to break above the 1.30 level. If and when we do, the market should continue to go much higher, perhaps 2 handle. I believe that of course you have to pay attention to oil, and right now it does look likely to struggle. AUD/USD The AUD/USD pair broke down during the course of the week, and more importantly went below the 0.73 level. This is an area that begins a pretty significant noisy range all the way down to the 0.70 level. Because of this, ...
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