Previous: On Monday the 1st of October, trading on the euro closed down. The rate rose to 1.1625 during the European session before dropping to 1.1564 in the US. I found the market’s behaviour confusing yesterday given that the euro dropped against the dollar on the back of positive news concerning Brexit, a rise in oil…

RBA leaving rates unchanged until 2019 will widen the rate differential between Australia and the US, short AUD/USD?  RBA has kept its neutral bias, suggesting rates could remain unchanged until mid-2019. RBA Governor Philip Lowe left rates unchanged for the 26th month in a row at a record low of 1.5%. Lowe stated that even though…

Overview: The US dollar is rising against most of the major and emerging market currencies. The Swiss franc and the Japanese yen are the exceptions and are holding their own. Global equities are mixed. Asia, excluding Japan, was mostly lower, with 1.2% losses in Taiwan and South Korea and 2.5% drop in Hong Kong and…

During the 2016 election campaign, Donald Trump talked about many things. Most importantly, he talked about immigration and trade. On trade, he derided large trade agreements as being detrimental to the United States. He promised to end the Trans Pacific Partnership on his first day on the job. He did. He then talked about the…

This week I’m seeking a prestigious and long-term dividend-paying stock from the energy sector.  That sector includes six industries all related to bringing oil and gas to market. They are as follows: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing. All such oily and gassy enterprises. Today I’m reviewing a…