The latest Conference Board Leading Economic Index (LEI) for March increased to 109.0 from 108.7 in February. The Coincident Economic Index (CEI) came in at 103.4, up from the previous month. The Conference Board LEI for the U.S. increased again in March. Positive contributions from the yield spread, the ISM® new orders index and expectations for business…
Dimensional Fund Advisor offers investment solutions from different asset classes to institutional and individual investors, investment consultants and financial advisors. With a workforce of more than 1200 employees, Dimensional Fund Advisor has 13 offices in nine different countries, including the United States. It invests in both domestic and foreign equities, fixed income securities, retirement income…
GBP/USD PRESERVES BEARISH SEQUENCE AS U.K. RETAIL SALES NARROWS IN MARCH. BANK OF ENGLAND (BOE) RHETORIC IN FOCUS. GBP/USD slipped to a fresh weekly low (1.4161) as updates to the U.K. Retail Sales report showed a 0.5% decline in March, and the pair remains at risk of facing a larger pullback as it extends…
CL_F Elliott Wave short-term view suggests that the decline to 61.80 on 4/06/2018 low ended Intermediate wave (2). Above from there, Intermediate wave (3) remains in progress as Zigzag Elliott Wave structure. Looking to extend higher towards 70.43-72.47 area at a minimum. Up from 61.80 low, the instrument made a strong rally higher. And ended…
Trump arouses enormous emotions. His policies are usually widely debated. However, the recent decision passed relatively unnoticed. Bad! It’s really strange given its potential impact on the financial markets, including precious metals. So, what new is coming from Washington? Richard Clarida, The New Vice Chair On Monday, President Trump announced that he would nominate Richard…
My Swing Trading Approach I am not opposed to adding more trades to the portfolio today, but the market needs to be favorable for it to happen. We could see a pullback, and I don’t want to buy ahead of that, even if it is likely to be just temporary. Indicators VIX – Volatility bounced some…
Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per barrel and West Texas Intermediate is at $68.76. These prices aren’t really very high, if a person looks at the situation from a longer term point of view than the last three years. There is…
Jobless claims dropped a “whopping” 1K in the latest week and missed expectations by a margin of just 2K. In other words, little changed in the overall trend of claims. For the week, first-time claims came in at 232K. This is the 28th straight week that claims have been at or below 250K, and extends…
Headquartered in Irvine, CA, Western Digital Corporation (WDC – Free Report) is a leading provider of storage technologies and solutions. They are one of the largest hard disk drive (HDD) producers in the US. They design, develop, manufacture and market a broad range of HDDs, which are used in numerous consumer electronic devices. With the acquisition of SanDisk, the…
EUR/JPY pair looks to consolidate further though seen strengthening on Thursday. On the downside, support comes in at the 132.50 level where a break if seen will aim at the 132.00 level. A cut through here will turn focus to the 131.50 level and possibly lower towards the 131.00 level. On the upside, resistance resides…
