Market Update: Now What?
Video Length: 00:08:43
Monthly Archives: December 2015
EURUSD Analysis For December 17, 2015
Wave Analysis: EUR/USD is currently trading with a bearish bias. The pair crossed and closed below a very significant demand level 1.09239 but could not not reach the support level 1.08083. We are waiting for further downward movements towards this level or even below it for us to continue short. We will also be looking…
China Weakens Yuan For 9th Consecutive Day, Longest Streak Since
In the first two weeks of August 2008 (just a month before Lehman imploded), as tensions built in US financial markets, China weakened the Yuan for 10 straight days. Tonight, China just extended its streak of weakening the Yuan fix to 9 days (for an aggregate 1.4% devaluation, the largest such drop outside of August’s devaluation…
EC HH
Wrong Assumptions It is widely assumed that the gold price must decline when the Federal Reserve is hiking interest rates. An example is given by this recent article on Bloomberg, which informs us that SocGen believes “gold will be a casualty of Federal Reserve policy”. Never mind that the assumption that the Fed will now be…
Gold Prices Slide After Fed Rate Hike
Gold prices are lower in Asia trade, trading down nearly 0.6% at $1066.76 an ounce, as the dollar strengthened after the Federal Reserve set the new target range for the federal funds rate at 0.25% to 0.5%. In a press conference after a two-day meeting, Fed Chair Janet Yellen said “The committee currently expects that,…
Quantity Rationing As Business Strategy: Furthering The Case For
Fixing the Economist Article of the Week by Philip Pilkington My last post on my attempts to create a general theory of prices met with some positive responses. I’m not hugely surprised. Any thinking person who has ever entered an undergraduate micro course has questioned the validity of what’s being taught. Although neat, it does seem to…
Anatomy Of A Bottom: Do Not Argue With Sellers – Celebrate With B...
So often I see “value investors” who equate the conviction of their position and alacrity of their analysis for being able to pick a bottom in a hapless stock. If the bottom fails, sometimes these investors will continue accumulating stock with each buy delivering the welcome opportunity to lower their cost basis. Meanwhile, losses keep…
Daily Market Analysis Video – December 17, 2015
Video Length: 00:02:05 During the session on Thursday, we will have Retail Sales coming out of the United Kingdom, a Monetary Policy Statement coming out of Japan, and also unemployment Claims coming out of the United States. In others, we do have a nice even spread of economic news to keep the markets moving all…
Fed Raises Rates, Sees “Gradual” Hikes Totalling 1% I
The Federal Reserve today ended an era of near-zero U.S. interest rates with a rise of 0.25% in the baseline Federal Funds Rate, completely in line with market expectations. The FOMC voted unanimously in favor of the rise. The statement emphasized that further hikes are expected going forward, but that they will be made “gradually”….
High Quality Dividend Growth With United Technologies
United Technologies (UTX) is a diversified industrial business with a strong presence in the aerospace and building systems markets. While this blue chip dividend stock has numerous well-known brands and entrenched market positions dating back more than 80 years, it seems to have lost its way a bit in recent years. Like many other large cap companies…