Monthly Archives: November 2017

USD/JPY Plunges On Safe Haven Flows – Forecast Nov. 20-24

Dollar/yen is falling down alongside global stocks and also commodities. The weak Japanese GDP actually pushed the yen higher. Deliberations around tax cuts in the US are somewhat stuck and this isn’t helpful for the greenback. Worries about North Korean submarines boosted the yen. The upcoming week features Thanksgiving and also the Fed minutes. USD/JPY fundamental movers Fear…

Earnings Or Revenue-Weighted ETFs: Q3 Winners

We are in the midst of a full-blown earnings season. Out of the 327 members from the S&P 500 index that have reported already, 74.9% beat on bottom line and 65.7% surpassed revenue estimates, per the Earnings Trends issued on Nov 1, 2017. Ongoing positive revenue momentum and favorable revisions in estimates for the current period are…

Better Than Bitcoin

Salvatore Mundi by Leonardo De Vinci Circa 1490 US equities market had a sloppy week with movement out of the Dow (DIA) -.44% and into the Russell 2000 (IWM) +1.27%, which had been languishing since early October. Most interesting was that two modern family members Regional Banks (KRE) and Retail (XRT ) which were having issues the…

Another Week That Is Not About The Data

  The contours of the investment climate are unlikely to change based on next week’s economic data from the US, Japan, or Europe. The state of the major economies continues to be well understood by investors.  Growth in the US, EU, and Japan remains solid, and if anything above trend, as the year winds down. The incremental…

USD/CAD Forecast: Nov. 20-24

Dollar/CAD moved up in a mixed week, trying to find a new direction amid sliding oil prices. Retail sales stand out in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. Canada’s manufacturing sales and foreign securities purchases both beat expectations but the first ADP jobs report showed a drop in jobs….