Is the Federal Reserve still pondering a rate hike in 2015? Possibly, but the recent weakness in employment growth and industrial activity suggest that keeping the Fed funds rate close to zero may persist for “much longer, well into 2016 or potentially even beyond,” counsels Jan Hatzius, Goldman Sachs’ chief economist, in a note to…
Since the Federal Reserve left rates on hold on September 17, the dollar-bloc currencies have outperformed the euro, yen, and sterling, all three of which are lower against the dollar. So far this week the New Zealand dollar is the strongest, rising 2.8%, followed by the Australian dollar’s 2.1% gain. The Canadian dollar…
If we’re going to dig our way of what lies ahead, we need people who can work hard and start/operate new businesses. Simply put, job growth is not keeping pace with population growth–specifically, the growth of the labor force which is generally defined as the population between the ages of 18 and 64. So what happens…
EU Session Bullet Report US stocks closed mixed overnight and Asian equities are trading almost flat this morning. Crude oil surged to monthly highs at 49.35 which has dragged USD/CAD much lower to 1.3015 levels from 1.34+ just a week ago. USD weakness is predominant in all currencies of the commodity bloc such as AUD…
During the day today, there isn’t a whole lot of economic news to move the markets in anything beyond a regional effect. The economic announcements favor a move in the FTSE, which we think could get a little bit of a boost. They also favor a move in the British pound, which could find resistance…
Gold resumed its rise on Tuesday, after taking a breather on Monday, as weakness in the dollar bolstered demand for the precious metal. The XAU/USD pair has advanced nearly 4% since the market bounced off the $1104 level. Gold’s gains were helped by growing expectations that the Federal Reserve will hold off on rate increases….
Telecommunications is a vital industry witnessing rapid technological improvement. Unprecedented growth in high-speed mobile Internet traffic, particularly with respect to wireless data and video, has transformed this industry into the most evolving, inventive and keenly contested space. In addition, a major characteristic of the telecommunications industry is that it is immune to international geopolitical disturbances…
US dollar daily is in the nose of a somewhat Symmetrical Triangle just below the MA 50. MACD is turned down. US dollar weekly shows the little triangle and also key support (to the consolidation of last year’s impulsive rise), which is and has been 93-94. The orange arrow is the key to breaking the…
Gold was money in the distant past and it will probably be money in the distant future, but there is no developed economy in which gold is money today. In this post I’ll explain why. People who argue that gold is money often confuse what should be with what is. They explain why gold-money would…
Pure Storage [NYSE:PSTG] priced at $17, above their proposed price range $14-16 price range. It’s clear they have a great story and management team with revenue growth numbers that speak volumes, at scale. After doing $6M in 2013 we see them doing about $175M this year. It’s a rocket ship on the top line. Those of…
