U.S. economy insists on showing the markets that it remains on a recovery mode following the publication of strong inflation data. The Consumer Price Index (CPI) report released on Friday for the month of June revealed an increase by 0.3% on a month-to-month basis and continued its positive momentum of growth for the fifth period…
Quiet economic calendar Looking at the economic calendar for the Monday session, there’s almost nothing to move the markets with perhaps the one exception being the German PPI number. That of course can move the DAX and the Euro, but at the end of the day we believe that in general the market to get…
Once the phantom collateral vanishes, there’s no foundation to support additional debt and leverage. When a speculator bought a new particle-board-and-paint McMansion in the middle of nowhere in 2007 with nothing down and a $500,000 mortgage, the lender and the buyer both considered the house as $500,000 of collateral. The lender counted the house as a…
The President of France has come up with a very creative way of solving the European debt crisis. On Sunday, a piece authored by French President Francois Hollande suggested that the ultimate solution to the problems currently plaguing Europe would be for every member of the eurozone to transfer all of their sovereignty to…
Quantitative Forecast Academic studies have shown that the most reliable way to determine future price movements from past price movements, is by use of momentum. In the Forex market, a momentum study is best applied to the four major Forex currency pairs by simply checking whether the weekly close is above or below the weekly close 13 weeks…
by Dae Woong Kang and Ashoka Mody Appeared originally at Voxeu.org 13 July 2015 In 1997, Milton Friedman warned that when politics clashes with economics, the outcome is not a pretty one. This column reviews some of criticisms and weaknesses of the European macroeconomic system, taking a historic look at the decades leading up to the creation…
Gold has opened the week in Asia with a bang – down nearly $44 at the low of $1083. This has come right on target for our Panic Cycle this week. Gold is headed sharply lower and it will break the $1,000 level and everyone will then start to look for $600-700 area. We can…
By Daniel Gordon Search engine giant Google Inc (NASDAQ:GOOGL) posted its second quarter fiscal 2015 earnings on July 16, outpacing analyst predictions. While analysts had predicted earnings of $6.73 per share, the company posted $6.99 earnings per share on a non-GAAP basis. Company revenue also rose 11% from the same quarter of last year to $17.7 billion….
Invesco Corporate Bond A (ACCBX) a Zacks Ranked #2 (Buy) seeks current income with preservation of capital and to seek capital appreciation. ACCBX invests a large portion of its net assets in corporate bonds at the time of investment. ACCBX may invest up to 20% of its total assets in convertible securities, which includes convertible bonds…
Netflix and Google offered the juice to drive the Nasdaq and Nasdaq 100 to new highs. Other indices aren’t there yet, and it remains to be seen what they can offer. Friday’s finish in the S&P left it just below resistance near 2,130. Technicals are net positive, and whatever bearish connotations were there from the loss…
