There is very little data scheduled this week with the exception of the U.S. and Australian Dollars. Regarding the USD, this week will see the key monthly event in the Forex news calendar: the FOMC statement, which will be eagerly watched as it is the last chance for the Fed to “warn” the market before…
Monday: The IFO Survey will see light in Germany, with a slightly pessimistic analyst consensus seeing Business Climate retreat to 107.2 points, from a current 107.4. The Eurozone’s M3 Money Supply report, currently at +5.0% YoY. June’s Durable Goods’ Orders data report in the U.S., where analysts expect a recovery following the last two months’ decline….
GoPro Inc. (GPRO) released second quarter fiscal 2015 earnings on July 21, crushing Wall Street expectations and proving that the action hardware company isn’t ready to slow down any time soon. The company has managed to snap up even more sales in the second quarter as it celebrates the end of its first year as a…
Jobless claims declined 26,000 for the week ending Jul 18 to 255,000. This is the lowest level experienced since 1973. During the prior period, jobless claims declined by 15,000 to a seasonally adjusted 281,000. Initial claims have remained below the key level of 300,000 since late February, its longest streak in 15 years. These are…
We wrote on July 5th that markets are increasingly looking scary. Now, only 3 weeks later, the situation seems to be escalating. Let’s get it straight: this is a serious deflationary bust in the making. The most worrisome fact is Dr. Copper’s technical breakdown, as seen on the first chart. Source: StockCharts.com The price of…
Surveys suggest that a little more than 80% of the economists expect the Federal Reserve to hike rates in September. The September Fed funds futures, the most direct market instrument, has only about a 50% chance discounted. This week’s FOMC meeting is the last one before September. The economy is performing largely in line with the Fed’s…
Three weeks ago, we reported that the US Mint had run out of physical silver on the same day silver plunged to its lowest price in 2015. This happened just days after the UK Royal mint announced that “during June, we experienced twice the expected demand for Sovereign bullion coins from our customers based in Greece.” While the surge in…
Commodity prices, including oil, are “crashing” according to the pundits and fears are building that this is a precursor to another stock market collapse. Are we on an irreversible path of repeating the bloodbath carnage of the 2008-2009 Great Recession? Fortunately for investors, markets move in cycles and the fundamental laws of supply and demand hold true…
Investment across the pond has become interesting all over again. With the Euro zone finally being saved from being broke and ‘Grexit’ being averted by an eleventh-hour debt deal, month-long anxieties over the fate of euro are running low. This has helped the European stock markets, which were in red for the last one month,…
EUR/USD The EUR/USD pair bounced off of the 1.08 level during the week, and then bounced to the 1.10 level. Because of this, we feel that the market continues to grind back and forth, and as a result it is going to be short-term traders market. If we can get above the 1.10 level, I…
