If the global economy is in fine shape, then why does all of the hard data tell us that global trade is absolutely collapsing? The Baltic Dry Index has fallen below 300 for the first time ever, and export numbers are way down for almost every major exporting nation on the entire planet. As you will see…
EUR/USD is weakening on Draghi’s determined words and his call for fiscal and monetary stimulus. Can the pair rise back up? Here is the view from Credit Suisse: Here is their view, courtesy of eFXnews: Currency investors should consider buying EUR/USD this week, advises Credit Suisse in its weekly FX pick to clients. The trade is…
WTI Crude Oil The WTI Crude Oil market gapped higher at the open on Monday, but struggled at the $30 level. It looks like the market is going to continue to struggle in this general vicinity, but having said that I believe that we are going to turn things around and try to reach towards…
“Bond Girl“, Kristi Culpepper, an expert on capital projects chimed in on junk bonds recently. For all the talk that this is “not 2008” again, Culpepper claims what’s happening in junk bonds is not unlike what happened in the housing bubble. Let’s tune into her article The Great Paper Chase in Reverse to see the parallels. If you…
While eBay’s (NASDAQ:EBAY) Marketplace has continued to see stalled growth, two other segments that eBay operates show impressive potential moving forward. eBay’s mobile classifieds business with mobile app Close5 and Stubhub, eBay’s ticket sales marketplace. After a split with PayPal (NASDAQ:PYPL) and Enterprise last year, eBay stock has plummeted 24% to $22. eBay reported its annual earnings…
Figures just released suggest that the Japanese economy shrank by 0.4% in Q4 2015, however, initial reports for Q3 reported a shrinkage of 0.8% which was revised to an expansion of 1% upon receipt of more comprehensive figures. Japan had hoped that a weakening of the Yen would make its exports more competitive and lead…
Yes, you read that right. Amid a tumbling stock market, plunging trade data, weakening Yuan, and soaring volatility,China’s aggregate debt (so-called total social financing) rose a stunning CNY3.42 trillion (or an even more insane-sounding $520 billion) in January alone. In fact, since October, China has added over 1 trillion dollars of credit… and has nothing…
There is no economist in financial market who does not know that Australia’s biggest partner is China. As the biggest partner, the economy of China has a direct impact on the Australian markets. These days we do not hear good news from the second biggest economy in the world. Chinese economy has its own parameters…
S&P 500 The S&P 500 rallied during the course of the session on Monday, breaking well above the 1860 level. Ultimately, this is a market that should continue to go higher, but I think that there is enough resistance all the way to the 1950 level to keep this market from going too much farther…
Gold prices gapped lower on Monday as signs of stabilization in stock markets sapped demand for the metal as an alternative investment. While major equity markets reversed some of the steep losses witnessed last week, gains in the dollar and also made gold less attractive. On Thursday, the XAU/USD pair hit the highest level in…
