Not much financial news came in over the weekend with major holidays worldwide but economists look forward to the coming week for the release of several interesting economic reports which could help U.S. stocks resume their recent winning path. Reports on Friday showed the U.S. economic growth slowdown in the fourth quarter was not as…
My recent buying trend has been insurance and banking stocks. Oops, I did it again. The trend continues because I bought Royal Bank of Canada (RY) stock. This purchase marks the 3rd Canadian bank stock I’ve added to my portfolio this year. Last week, I bought 25 Royal Bank of Canada shares at $57.65 a…
This is the article “Forex Ranking and Rating list” for the coming week, the article “Forex Strength and Comparison” has also been published this weekend. When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going…
See how retail traders are positioning in the majors using the FXCM SSI readings on DailyFX’s sentiment page. The diverging paths for monetary policy fosters a long-term bullish outlook for USD/JPY, but the Federal Reserve’s and the Bank of Japan’s (BoJ) wait-and-see approach may continue to drag on the exchange rate especially as Janet Yellen and Co….
by Rodger Malcolm Mitchell, www.nofica.com Because economics is a social “science,” it contains more bulls**t than a rodeo chute. The latest example is called “secular stagnation,” and wouldn’t you know it, right in the middle is the amazing Larry Summers, about whom you can read by clicking the link. Never heard of “secular stagnation”? Here is a description by…
ECB president Mario Draghi has his work cut out for him. Not only is Draghi foolishly fighting price deflation, credit in Spain is on the deepest plunge compared to historical averages since 1970. Via translation from the El Confidencial article Credit Does Not Flow. The current weakness of lending in Spain is even more worrying if…
It appears the complete decoupling from economic reality of the so-called US equity ‘market’, combined with the collapse in a data-dependent Fed’s credibility – topics we have extensively covered – has reached the mainstream. Barron’s always-insightful Randy Forsyth exposes the ugly reality that this is a “Bullard” market and we are just living in it as the flip-flopping Fed…
This is the article “Strength and Comparison” for the coming week, the article “Ranking, Rating and Score” has also been published this weekend. For analyzing the best pairs to trade looking from a longer term perspective the last 3 months currency classification can be used in support. This is updated on this weekend and is provided here for…
VIX began a rally from its Master Cycle low on March 18. An aggressive buy signal (NYSE sell signal) may be made with a rally back above mid-Cycle resistance at 15.90. (Barrons) Lots of market-watchers are talking about the recent plunge in the CBOE Volatility Index (VIX). The VIX, an options-based measure of market expectations…
The data calendar continues in something of an alternating mode. This week we have a concentration of the important economic releases. We also have daily appearances by Fed members. This provides a daily opportunity for pundits to interpret the news: Can markets finally celebrate good news? Prior Theme Recap In my last WTWA I predicted special attention…
