In the last trading session, U.S. stocks gave a mixed performance. Soft trade numbers from China and a continued slide in oil prices after a no production cut decision at the OPEC meeting stoked global growth worries once again. Among the top ETFs, investors saw SPY shed over 0.3%, DIA lose about 0.9% but QQQ move higher by about 0.01% on…
In the last trading session, U.S. stocks gave a mixed performance. Soft trade numbers from China and a continued slide in oil prices after a no production cut decision at the OPEC meeting stoked global growth worries once again. Among the top ETFs, investors saw SPY shed over 0.3%, DIA lose about 0.9% but QQQ move higher by about 0.01% on…
It’s not every day that so many analysts and currency brokers get things wrong, but when they do it usually takes the form of what we recently witnessed with Australian jobs numbers. This is the second consecutive month of bullish gains by the Australian labor market. As is so often the case with a surprise…
After much hemming and hawing since mid-year, the Federal Reserve is finally poised to raise rates for the first time in nearly a decade. Indeed, given the speeches by the leadership and the economic data, especially the labor market readings, the failure to raise rates would likely be more destabilizing at this juncture than lifting them….
During the 1980’s, it was considered the “cruelest tax of all,” robbing consumers of purchasing power. I’m talking about inflation. Right after the global financial crisis, a financial publisher asked me to prepare a report on the “coming inflation.” After thinking it over, I told them that inflation would be muted for many years. They weren’t…
Fundamental Forecast for the Yuan: Neutral to Bearish Chinese PMI Falls as Fed Nears Rate Hike China’s Energy Sectors Face Continued Pressure What Are the Traits of Successful Traders? Get FXCM’s Free New eGuide In the past week, the Chinese yuan offshore exchange rate against the US Dollar has had little upside action, despite the US Dollar seeing higher…
This week’s column focuses exclusively on the technical side of the US market. I’ll be using three weekly charts to illustrate my concerns about the structure of the US equity markets. Let’s start with a weekly SPY chart: The SPY’s rose solidly until the 3Q15. The SPY’s are having a difficult time getting over the…
Although the gap between men and women in executive-level positions has remained a focus for quite some time, that gap has not improved over the years. In fact, a new study indicates that the number of female CEOs at S&P 500 companies has declined slightly over the last year. And this disparity extends to the banking industry as well,…
Oil prices continued their sharp decline as mild weather forecasts added to the commodity’s woes after Organization of the Petroleum Exporting Countries (OPEC) failed to arrive at any agreement to cut production, on Friday. The commodity slumped to its lowest levels in almost seven years, dragging down shares of oil & gas companies and also…
USD/CAD Without a doubt, this is the most interesting market that I see at the moment. Oil markets are absolutely falling apart and it of course punishes the Canadian dollar in general. Now that we broke above the 1.35 level, I think that anytime this market pulls back you have to start thinking about value….
