For many weeks we have been waiting patiently, like vultures perched on the branches of trees, for the Large Specs to go belly up and croak, and the good news is that they just have, so it’s time for us to swoop down and feast on the carcasses, the carcasses being silver and the better…
from the St Louis Fed For families who are struggling financially, there are times when it is better to keep some cash on hand, even if they hold high-interest debt. A recent In the Balance article highlights the importance of emergency savings to the financial stability of struggling households. It was authored by Emily Gallagher, a visiting…
There is a strong argument to be made that central banks underestimated the efficiency of the transmission channel between accommodative policies and financial markets while simultaneously overestimating the efficiency of the transmission channel between those same financial markets and the real economy. That’s from a piece we did for DealBreaker a couple of months back…
Investors seeking momentum may have iShares MSCI Indonesia ETF (EIDO – Free Report) on the radar now. The fund recently hit a new 52-week high. Shares of EIDO are up approximately 23.3% from their 52-week low of $22.41/share. But could there be more gains ahead for this ETF? Let’s take a look at the fund and the…
I’m not going to write anything here about the huge drop in bitcoin over the last few days, so what I am writing cannot be ignored should bitcoin get back up to the 20,000 range. And I’m not going to write about the stupid articles that espouse bitcoin. Though to get a sense of the level of…
Dollar/CAD traded lower as the Canadian dollar enjoyed mostly upbeat figures. Will this continue? There are no Canadian economic releases scheduled for the holiday week, but low liquidity could result in outsized movesHere are the highlights and an updated technical analysis for USD/CAD. Canadian inflation is finally picking up. The rise of headline CPI by 0.3%…
Last week I put the finishing touches on the 2017 End of Year Special Edition of the Weekly Macro Themes report – something which is fast becoming a tradition here! The report brought together the charts that worked (as well as those that didn’t!), some honorable mentions, the ones to watch in 2018, a few fun charts at the end, and…
‘Twas the morning of Xmas and all through the markets, not a human creature was stirring…but it appears the machines took major advantage of the low liquidity… Around 730amET, it seems the algos went on a deep stop hunt, flash-crashing EURUSD by four big figures, taking out the November 7th low stops – all the way back to…
As we are approaching the end of 2017, it’s time to look back at the hot investing areas of 2017. This is especially true as this year has treated the broader market well. The S&P 500 has gained about 19%, the Nasdaq has crossed the 7000 mark and the Dow Jones hit several highs. However,…
GBP/CHF The British pound has rallied against the Swiss franc for the last several months, but it looks as if we are running into serious trouble at the 1.35 handle above. It coincides with the 61.8% Fibonacci retracement level of the most recent move lower, but we have now filled a significant gap so I…
