During the day on Wednesday, we get the ADP Nonfarm Payroll numbers coming out of America, which although not official, can move the markets just because they typically will give us an idea as to how the Friday numbers will come out. With this, it’s very likely that the stock markets will move and therefore…
The pound has suffered the fears of a Brexit, but rides higher on the dovish words of Yellen. And what about the oil connection? Here is their view, courtesy of eFXnews: The GBP has lost almost 10% since the autumn peak in effective terms and stabilised somewhat in March, supported by global risk sentiment and higher oil prices. We have…
Once again we are back to the counterintuitive scenario in which commodities ( in general) are rising on the heels of a super dovish Yellen while at the same time, the yield curve is flattening even further signaling increasingly slower economic growth. Let’s see if we can get this – the slower the economic growth,…
The chart is beautiful, and there is little resistance overhead. I’ve already added one new swing trade to the portfolio today and I like my positions and long exposure where they current are. As a result, I don’t want to add any new long positions to my portfolio right now. Tomorrow, if the market holds…
Written by Attain Alternative Blog Our neighbors to the north are facing a harsh reality these days… the ongoing devaluation of the Canadian Dollar, or better known as the Loonie. While it’s hard to take the Loonie seriously given its loonie name, it’s a major concern for Canadians and their economy. Despite rebounding around 10% from…
Are you enjoying Yellen Day as much as I am? If so, then you are enjoying it zero. Do the math. It checks out. Setting that aside, I wanted to mention that there’s an interesting gap-fill going on with the miners ETF symbol GDX. The price level represented by the red line is 20.35:
An ounce of patience is worth a pound of brains. – Dutch Proverb Our Asian edge Index and trend indicator clearly stated back in 2005, that China would lead the way in economic growth and eventually overtake the US in many areas. China now boasts the World’s Largest Middle Class, and it is growing much faster…
Written by Joseph Joyce Financial booms have become a chronic feature of the global financial system. When these booms end in crises, the impact on economic conditions can be severe. Carmen M. Reinhart and Kenneth S. Rogoff of Harvard pointed out that banking crises have been associated with deep downturns in output and employment, which is certainly…
Now that Atlanta Fed president Dennis Lockhart has been thoroughly discredited with his “sufficient momentum to hike as soon as April” thesis, Fed Chair Janet Yellen is on board with slower hikes. In a speech today to the Economic Club of New York on The Outlook, Uncertainty, and Monetary Policy, Yellen stressed the need to go…
With just a few days left in the month of March, I’m happy to announce my latest dividend purchase. This has to be one of the longest stretches of time between my buys as my last buy post was published on February 8 announcing the addition of 73 shares of ADM to my taxable account. Of course,…
