The worst performing currency today was the euro, which fell sharply against all of the major currencies. Chancellor Merkel failed to secure a coalition after weeks of contentious negotiations and the talks collapsed over the weekend when the Free Democrats walked out. Investors interpreted the political uncertainty as euro negative and rightfully so because…
Video length: 00:11:39 Stocks quiet in holiday trading. In this video update we took the time to analyze the yield curve. Watch this video to find out what we discovered. This may shock you and have implications for the coming months…
Asia closed mixed in a fairly quiet session but ahead of what could be a wild week. The Nikkei’s decline was very much reflected in the Yen’s strength. Financials again weighed on the index but this is a reflection of both low volume of shares traded and the shape of the yield curve (2’s –…
Following Friday’s best day in 6 months, gold tumbled most in 4 months today as the German Government crisis sent investors fleeing any source of safe haven!!?? Sell bonds, sell gold, sell protection… Seriously… Video Length: 00:00:04 Before we get to the farce in US equities, let’s look at German stocks… Which is odd because…
From the New York Fed The Federal Reserve Bank of New York’s Center for Microeconomic Data today released results from its October 2017 Survey of Consumer Expectations (SCE) Credit Access Survey, which is fielded every four months. Consumers’ recent experiences were positive, with declines in both rejection rates for credit applications over the past 12 months…
The ETF industry is growing rapidly with the three largest providers, BlackRock (BLK – Free Report), Vanguard and State Street, dominating the United States market. In particular, Vanguard has become extremely bigger than what it was eight years ago. This is especially true as Vanguard’s total assets under management more than quadrupled to $4.8 trillion from $1.1…
S&P 500 is off to a respectable start on the most bullish week of the trading year. Historically, Thanksgiving tends to be a good week for traders. Low volume, but by-and-large, it tends to perform most consistently to the upside than any other trading week of the year. This list then, should come in handy…
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Bitcoin hit a new record high on Sunday, breaking the $8,000 threshold for the first time. WHAT’S NEW: Bitcoin reached $8,121.56 on Monday at 12:25 p.m. London Time after breaking the $8,000 value on Sunday, CNBC reported, citing the Coindesk website. The high comes after a sell-off on November 12, in which the cryptocurrency’s price…
Bitcoin hit a new record high on Sunday, breaking the $8,000 threshold for the first time. WHAT’S NEW: Bitcoin reached $8,121.56 on Monday at 12:25 p.m. London Time after breaking the $8,000 value on Sunday, CNBC reported, citing the Coindesk website. The high comes after a sell-off on November 12, in which the cryptocurrency’s price…
