Macroeconomic analysis is not about finding indicators and mindlessly listening to them. The game is difficult because the world is always changing. There might be a reason to discount (attribute less importance on) an indicator even after it has had a great track record of forecasting results. The better the indicator’s track record, the better…
Friday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Oil States International (OIS) Long FedEx (FDX) Short WestRock (WRK)
Most Americans don’t know, but the housing market is heading toward another epic bubble. However, the bubble forming today is much different than the subprime housing meltdown in 2007. Back in 2007, there was an oversupply of homes, whereas today there is a shortage. With more buyers than sellers bidding up prices, the U.S. median…
AUD/USD is facing 0.7560 resistance. A breakout of this level would confirm that the downside movement from 0.7813 had completed at 0.7412 already, then next target would be at 0.7700 area. On the downside, as long as 0.7560 resistance holds, the bounce from 0.7412 would possibly be consolidation for the downtrend, and another fall towards…
To-date, I have been extremely skeptical of the meme of four rate hikes in 2018. I thought that Thursday’s “weaker than expected” increase in the April consumer price index (CPI) would further confirm my skepticism. Instead, I discovered that the 30-day Fed Fund Futures are pricing in a 47.4% chance of a fourth rate hike in…
Mark Carney did his best yesterday to justify the decision of keeping interest rates at 0.5% at the same time that it was promising that the economic momentum will be regained and that interest rates will have to rise soon. Unfortunately, this is not new. Since March 5th, 2009 (more than nine years ago), when interest rates…
Malaysia’s 14th general election resulted in a surprise victory for an opposition coalition for the first time since Malaysia’s independence. In a stunning political comeback, 92-year-old Mahathir Mohamad – the former authoritarian leader – was sworn in as prime minister on Thursday. As AP reports, the election result is a political earthquake for the Muslim-majority country, sweeping…
I have been asked recently how my day is structured between, technical analysis, trading, study and personal errands. It took me a long time to find a structured daily routine that works for me, so it is very personal, but my journey may help people cherry pick what may work for you, I thought this…
Asian shares are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1% while the Hang Seng is up 1.3%. The Shanghai Composite is trading down by 0.1%. Meanwhile, the Dow Jones industrial average rose sharply on Thursday, posting its sixth straight day of gains, following the release of weaker-than-expected US inflation data. Back home, India share…
