The common currency Euro had earlier struck a fresh 5-week peak versus the US Dollar as concerns that a global trade war had been brewing now seem to be receding. That had pushed investors to flock back into higher yielding assets which provided the Euro with solid gains since Monday. The latest data from the…
I’ve predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size. Clearly, these mini-crashes are starting to happen. Having said that, I haven’t sold any of my US bank stocks and I have no plans to do so. To understand why…
Of the five regional Federal Reserve surveys released to date, all are in expansion. Analyst Opinion of Richmond Manufacturing The important Richmond Fed subcategories significantly decelerated, The internals are much worse than last month. Market expectations from Bloomberg / Econoday was 15 to 28 (consensus 22). The actual survey value was 15 [note that values…
Credits: Tasos Katopodis/Stringer/Getty Images World War III Approaches as Trump Replaces McMaster with Hawk John Bolton With the appointment of a veritable dream team (or nightmare ensemble, if you prefer) of hawks to key national security posts, should we expect more wars of choice in the next few years, or even months? John Bolton, a…
According to the Technical Confluences Indicator, the EUR/USD may find solid support only at around $1.2330. The area is a dense cluster of technical lines: Fibo 38.2% 1w, the SMA200-h1, the SMA50-4h, the SMA200-4h, the SMA5-1d, Bolinger Band 1d-Middle Stdv 2.2, the Fibo 38.2% one month, the SMA10-1d, and the SMA50-1d. The significant confluence makes it a…
The data dates back to 2004, when the Dallas Fed data was introduced. Today, with the release of the Richmond Fed’s manufacturing data, we now have all five March releases. There are some interesting trends. For instance, the current composite (a simple average of all categories except for prices, workweek, and capex) declined on the…
The Japanese Yen has pared some of its recent gains with USD/JPY now probing initial resistance on this rebound. The question remains on whether a low is in after price reversed off a cleared measured objective this week- the focus is on possible failure just higher with the pullback to offer clarity on whether this advance is…
In the last trading session, U.S. stocks climbed the most in two and half years as fears over trade worries eased. Among the top ETFs, investors saw (SPY – Free Report) gain 2.75%, (DIA – Free Report) rise 2.85%, and (QQQ – Free Report) move higher by 3.72% on the day. Two more specialized ETFs are worth noting as both saw…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Recreational marijuana is coming to Canada and this will be a major catalyst for the companies levered to this opportunity. There are many factors driving the Canadian cannabis market higher and we are…
The market gyrations of late are interesting, especially during the NCAA Basketball tourney. Normally, volatility declines when these games are on during the week, as traders watch their brackets as much as they do the market (I’ve seen quantitative analysis that says this isn’t actually true, but I’m skeptical since I’ve been there and I…
