Buy the rumor and sell the fact. Many traders thought the run-up on oil was based only on the potential of an attack on Syria and fears that it spins out of control. Yet, the run-up in oil has been about a lot more than just Syria, but about falling supply, rising demand and other…
USD/JPY The US dollar as you can see has broken down a little bit against the Japanese yen during trading on Monday, as it looks like we are trying to go back and forth and perhaps trying to build some type of momentum to go higher. If we can break above the 108 level, then…
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock…
Major US equity indices continue to try to repair the technical damage they sustained in February and March. After a decent rally in the past couple of weeks, risks are rising near term. Foreigners sold $1.2 billion in US stocks in February. This was the first month in six they cut back. As a…
This past weekend, I recommended taking action as the market approached our target zone of resistance. To wit: Nearly a month later, and we are watching the “pathways” play out very close to our “guess.” Chart updated through Monday’s close “More importantly, we continue to trace out the ‘reflexive rally’ path. However, my guess is we are not likely done…
Video Length: 00:06:51 The US Dollar (via the DXY Index) was on its way to its lowest levels in two months earlier today before a series of weaker data releases from China and Europe prompted demand for the greenback. Q1’18 Chinese GDP missed expectations slightly, February UK wage growth figures came in below expectations, and the March…
After opening their day on a flat note, Indian share markets witnessed choppy trades and ended their session marginally higher. Gains were largely seen in the realty sector and power sector, while losses were largely seen in the IT sector and auto sector. At the closing bell, the BSE Sensex stood higher by 90 points (up 0.3%) and the NSE Nifty closed higher by 20 points (up…
After the retreating in the North American session yesterday, despite a rebound in retail sales after three-months of declines, the greenback has been sold further in Europe and Asia. The euro edged through last week’s high near $1.24, and sterling rose through the January high to reach its best level since the mid-2016 referendum. Sterling…
It’s only logical that one day after Trump accused China (and Russia) of playing the “currency devaluation game” in a time of rising Fed rates, that Beijing would respond by doing precisely what it was accused of, and moments ago the PBOC announced that effective April 25, China’s central bank will cut the reserve requirement ratio…
The difference between the 10-year and 2-year Treasury rates narrowed to 47 basis points on Monday (April 16) – the smallest gap since late-2007. The last time this widely followed spread was this close to zero the US economy was close to a recession. Is this indicator flashing a similar warning today? No, according to…
