Red Hat (RHT) is an information technology name that provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies. The company has been widely successful in offering infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in…
Today we’re going to take a look at ICON, an altcoin which has been gaining a lot of attention recently. Also known as the Korean Ethereum, ICON saw a strong bullish momentum last week with a 70% increase in its token ICX. However, it’s been seeing a bit of a pullback since Friday, with almost…
The conventionally reported trade balance (or “net exports”) for the United States from the National Income and Product Accounts (NIPA) is net exports of goods and services, in nominal terms. (There are also trade balance measures on a Census basis and Balance of Payments basis, which differ in coverage and definitions.) The inflation adjusted trade…
The conventionally reported trade balance (or “net exports”) for the United States from the National Income and Product Accounts (NIPA) is net exports of goods and services, in nominal terms. (There are also trade balance measures on a Census basis and Balance of Payments basis, which differ in coverage and definitions.) The inflation adjusted trade…
Japan’s core inflation ticked up in February, taking the Bank of Japan closer to its 2% target. However, it is still far from the target and lacks an inflationary trend, introducing further uncertainty with regard to when the BOJ might achieve its target. More Into the Numbers Japan’s core inflation, which excludes volatile fresh food…
USD/CAD WEEKLY PRICE CHART Notes: Is the Canadian Dollar finally poised to strengthen (USD/CAD lower)? Price turned from key confluence resistance last week at 1.3103/32, “where the 100% extension of the September advance and the 61.8% retracement of the 2017 decline converges on the upper median-line parallel.” The reversal came alongside a brief probe above 60 in weekly RSI and heading into…
“We are looking at all options.” In an interview about the trade sanctions that President Trump is throwing at China and at Corporate America – whose supply chains go through China in search of cheap labor and other cost savings – Ambassador Cui Tiankai defended the perennial innocence of China, as is to be expected,…
Last week, the Fed held a two-day meeting followed by a press conference. The statement they released was not a rosy one. In fact, the Fed economic outlook is nothing to be happy about. Most of the meeting contained zero surprises. The committee did as the market expected; they raised the Fed Funds rate by…
Natural gas prices started the week off with a modest rally, something that has not been seen for awhile in this steady grind lower. The April contract settled up around a percent on the day before continuing a bit higher from there. After a gap lower and slow start for the April contract, it rallied…
Looking at this week’s Commitments of Traders Report, notable changes include rising net speculator positions in the Japanese yen, British pound and Australian dollar. US dollar net positions also fell significantly this week. While crude oil remains at a bullish extreme (looking at 36-month trailing averages, and net positions as a proportion of total open…
