A quick glance at the markets shows that Monday has been a great day for solar energy stocks, with names like SolarCity (SCTY – Snapshot Report) and Canadian Solar (CSIQ – Analyst Report) up 12.4% and 5.15% respectively. First Solar (FSLR – Analyst Report) and even recently-struggling SunEdison (SUNE – Analyst Report) are also in the green today. Today’s performance from this segment…
There is tremendous volatility in the markets ahead of Wednesday’s Fed rate decision. It is not only equities markets that are susceptible to declines in the event of a rate hike, it is commodities too. Dollar-denominated commodities such as gold bullion are especially vulnerable to a Fed rate hike. In the days leading up to…
The USD/CAD pair went back and forth during the course of the day on Monday, essentially struggling to go anywhere once it was said and done. The market has been very bullish lately though, so having said that we feel it’s only a matter of time before the buyers get back involved in the market…
The Federal Reserve is likely to raise the federal funds rate at the conclusion of its two-day meeting on Wednesday. Raising the banks’ overnight borrowing rate—held near zero since the depths of the financial crisis in 2008—has the potential to push up the cost of mortgages, slow jobs creation and curb stock prices but not always. Here…
The euro made marginal news highs near $1.1060 while sterling and the yen have been confined to yesterday’s ranges. European equities are bouncing off ten-week lows. The dollar-bloc is firm; the upbeat RBA meetings provided only a short-lived fillip higher. Oil prices are steady to firmer after yesterday’s recovery. Sweden’s Riksbank is the first…
A couple of weeks ago in an article and again in a video made yesterday, I discussed the prospects of higher gold following the conclusion of the two-day FOMC meeting ending tomorrow. The thesis is built on a foundation of confluences between technical and market positioning/sentiment factors aligning with a major fundamental catalyst. Today we will look at it in a…
How come investors like Warren Buffett, Georges Soros, Jim Rogers, Carl Icahn and Stanley Druckenmiller became so succesful and the average investor not? Stanley Druckenmiller’s quote beneath says it all. Everywhere you read something about investing, they recommend you to diversify. But when you look at the portfolio of these super investors, you see they…
Last Wednesday, we brought you the story of Craig Steven Wright who was “outed” by Wired and Gizmodo as Satoshi Nakamoto, the pseudonymous founder of bitcoin. Hours after two articles pegged Wright as the man behind the myth, Australian authorities moved in, raiding the residence “Cold fish Craig” (as he was known in his neighborhood) rented with his wife and conducting…
EU Session Bullet Report – USD trades lower ahead of the FED The USD is weakening against low-yielding currencies like the EUR, JPY and CHF but strengthening against commodity currencies like the CAD. EURUSD hit a one month high at 1.1047 before retreating. On the contrary, the GBPUSD weakened after dovish remarks from a BoE…
The Growth Score Introduction The backtests for this Growth Score show that it’s another winner at 15.3%. Previously I showed the Quality Score generating 16.8% and the Value Score achieving 16.7%. Creating the Growth rating was harder than I thought as I don’t have much of a typical “growth” mindset. My interpretation and focus on growth has to do…
