For the better part of the first half of April, it looked like the market was going to make good on the recovery hints it dropped early in the month. Now that entire effort is being called into question. Though the rebound gain was never a move backed by high volume, a major hurdle…
Talking Points: US Dollar Shows Strength Ahead of ECB, BoJ Rate Decisions. JPY in the Spotlight: Yen Weakness Shows Ahead of Japanese Inflation. Fundamental Forecast for JPY: Bearish This week saw a JPY in the Spotlight: Yen Weakness Shows Ahead of Japanese Inflation as the currency continues to step back from the ledge of risk aversion. The…
FOMO (Fear of Missing Out) hasn’t been much of a problem for energy infrastructure investors over the past year or so. Feelings of WAIL (Why Am I Long?) and (ahem) WTH have been far more common. So the recent rally in the sector has led many investors to enquire why. Earnings only began to be…
This market is beginning to remind me of boot camp; a “hurry up and wait” market. Waiting for what they’d never tell you, but I will. The bulls are waiting for the Dow Jones to break above last February 26th‘s -3.41% in the BEV chart below, while the bears are waiting for it to break…
USDCAD’s downside movement from 1.3124 had completed at 1.2526 already. A further rally would likely be seen in a couple of weeks and the next target would be at 1.3000 area. Support is at 1.2526, only a breakdown below this level could trigger another fall towards the bottom of the price channel on the daily…
With the market in gridlock, Goldman Sachs has identified 14 stocks that seem to offer big upside potential. From the firm’s report, we used TipRanks’ powerful insights to pinpoint the five stocks with the most bullish Street outlook. Indeed, these are the stocks with a ‘Strong Buy’ analyst consensus right now. TipRanks’ algorithms track and rank…
Last June, 2017, Senior Deputy Governor of the Bank of Canada (BoC) Carolyn A. Wilkins stepped onto the stage with a surprisingly bullish message about the Canadian economy. This speech set the stage for the BoC’s rollback of “emergency measure” rate cuts that responded to the collapse in oil prices. At the time, the Canadian dollar…
Walmart ranks 10th in CEO to median take-home pay. How Does Your Pay Stack Up? Public firms in the S&P 500 now generally disclose how much they pay employees. The median wage across all the groups in the feature image is about $69,000. The median pay for the consumer group alone is about $35,000. For…
“If you can’t measure it, you probably can’’t manage it.” – Ed Seykota Below is a brief recap of last week’s price projections and the price targets for next week. The SPX broke above resistance, came within 3 points of our target and reversed. In the process it broke below the CIT Cloud, breakout and support…
FUNDAMENTAL FORECAST FOR GOLD: NEUTRAL Talking Points: Gold price has its 1st weekly decline since March Rising expectations for 3 more rate hikes and easing geopolitical tensions weigh on prices. Focus next week will be on US GDP and Trade Balance. Still no sign of a breakout for Gold with prices inching lower by 0.5% for…
