Asian stocks indexes struggled on Thursday after a rough day on Wall Street on Wednesday which culminated in losses in all three major indexes. Leading Wall Street’s losses was Snap which tanked 15 percent on Wednesday after reporting disappointing revenue. Tesla shares also plummeted 5 percent after the company’s Chief Executive, Elon Musk, refused to…
The EUR/USD made attempts to recover after the Fed but does not go too far. A busy day with euro-zone inflation and the US ISM Non-Manufacturing PMI. The technical picture remains bearish but oversold conditions may provide room for recovery. The EUR/USD is trading below $1.2000 as the dust settles after the Federal Reserve left the…
Once again, spot gold ($1,305.60/ounce) is testing crucial support. The US dollar can help, at least near-term. The yellow metal has pretty much been range-bound for two years now – between $1,300 and $1,360-70. Most recently, the upper bound was tested on April 11. Subsequently, it lost the 50-day moving average, on its way…
Gold prices attempted a short-lived recovery but failed to sustain momentum yesterday. The metal probed higher as a reserved tone from the Fed cooled hawkish exuberance, as expected. A reversal wasn’t far behind however as traders digested language signaling greater scope for tightening beyond 2018. That steepened the yield curve and sent the US Dollar higher, tarnishing the…
“The USD rout continues. The trade-weighted dollar’s depreciation in Q1 was the fifth in a row, with a cumulative 9% drop since the end of 2016. Foreign investors may be finding American assets unattractive amidst unsustainable U.S. budget deficits which have historically been correlated with a weakening greenback. Washington’s protectionist tendencies are also not helping…
The numbers on the US Debt Clock are spinning at a dazzling pace. US government debt is now over $21 trillion, $174 thousand per taxpayer. Add another $3 trillion for debts of state and local government on the stack. Unfunded federal government promises are almost $113 trillion, $900,000 per taxpayer, not including another $6 trillion in state…
AT&T (NYSE: T) shares took a beating last week. The price fell after weaker-than-expected first quarter results. The lower price pushed the yield up to a mouthwatering 6%. The company pays a 6% per share quarterly dividend and has raised the dividend 34 years in a row. Some investors are worried that AT&T could run into more difficulties if the federal…
WTI Crude Oil The WTI Crude Oil market initially fell during the day on Wednesday, as we got a higher-than-expected inventory build. However, a less than exciting statement from the FOMC sent the US dollar a bit lower. This put bullish pressure on the oil markets, and we, of course, when higher as a result….
Hyperbole is such a vile term. Defined as “extravagant exaggeration,” we are nothing short of drowning in it. What little is left of journalistic integrity is sacrificed daily at the altar of hyperbole. Politicians have raised their rhetoric to such deafening volumes their speech writers are at the risk of running low on exclamation points….
BABY BOOMERS & THE INFORMATION AGE The Merriam-Webster dictionary defines a Baby Boomer as a member of the generation born between 1946 and 1964. If the average age of Baby Boomers is 65 years, then 1953 would be an important year for them. A lot of stuff happened that year, including the end of the Korean War. Read more at ThePeopleHistory.com At the…
