Bloomberg reports China’s Foreign Reserves Post Record Quarterly Drop on Yuan. China’s foreign-exchange reserves fell by a record in the third quarter as the central bank sold dollars to support the yuan after a surprise Aug. 11 devaluation sparked the currency’s steepest slide in two decades. The stockpile plunged by $180 billion in the three months…
During the session on Thursday, we will have a couple of announcements worth paying attention to. We have the FOMC Meeting Minutes coming out of the United States, as well as the Official Bank Rate coming out of the United Kingdom. Both of these will move markets on both sides of the Atlantic, and with…
USDCAD: USDCAD’s key support located at the 1.3011 level held on Wednesday turning the pair higher on a rejection candle. This development leaves the immediate risk to the upside. On the downside, support lies at the 1.3000 level followed by the 1.2950 level. Further down, support resides at the 1.2900 level and then the 1.2850…
Oil prices seem to be edging up slowly. Despite the sudden increase in U.S. stockpiles, crude oil futures rose in early Asian trade on Thursday with additional trading from Chinese traders following a week long National Day holiday period. U.S. refineries reduced production last week resulting in an increase of 3.1 million barrels of crude…
Understanding your Candlesticks Introduction Candlestick charts can be traced back to technical analysis used by the Japanese. Candlestick charting began to appear sometime in the late 1800’s in a form that is somewhat similar to what is currently used today. A Candlestick bar is derived from price points that contain an open, high, low and…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 122 = 16,912 SPX + 15 = 1995 NAS + 42 = 4791 10 YR YLD + .03 = 2.06% OIL – .47 = 48.06 GOLD – 1.80 = 1146.80 SILV + .17 = 16.15 The S&P 500 closed at its highest level…
This stock is rising from the depths of 5 year lows, a good base, strength coming in, folks are changing their minds on this stock. Previous post on similar subject Gold and silver stocks near the end of their crash This stock just made a 2 year high. Higher highs are in its future! Investing Quote……
Written by Brett Chatz, Intertrader Emerging market currencies are feeling increasing pressure ahead of the upcoming two Fed meetings. An interest-rate hike would most certainly send EM currencies to their nadir. EM Stocks Rally but EM Currencies Dip The fate of emerging market economies is uncertain at best and dismal at worst. Emerging markets have a proclivity…
In JP Morgan’s Quarterly Market Guide a pair of charts on page 31 caught my eye. Forward PE Estimates I don’t have any faith in forward PE estimates. They tend to be overly optimist and subject to numerous “one-time” writeoffs. Instead, I recommend watching 10-year smoothed PE ratios. See discussion below. Nonetheless, please note that even on…
Only 13 dividend stocks passed basic filter criteria out of the hundreds in the Dividend Champions and Contenders in Dave Fish’s valuable lists Most of those stocks are rated negatively from a technical perspective Only 1 stock passed all the filter criteria and is also rated positively technically In search of high quality dividend stocks,…
