Will USD/CAD Drop Further?
Yesterday, the greenback extended losses against the Canadian dollar, which resulted in a drop below the May 2016 low. Does it mean that the way to lower levels is open? In our opinion the following forex trading positions are justified – summary: EUR/USD Yesterday, EUR/USD came back above the upper border of the green consolidation […]
FOMC Trading Action: Love Is In The Air
It’s Fed day, not Valentines Day but we are in love anyway with the trading action in bonds yesterday. Fed Chair Janet Yellen pulled-forward the timing of the long-awaited taper to an official “relatively soon.” That’s terrible for the bond market. This $4 Trillion bond holder (With a “T”) is showing their cards they are backing off. […]
Jeff Bezos Surpasses Bill Gates – Becomes World’s Richest Man
A surge in Amazon (AMZN) shares this morning (ahead of earnings) has propelled founder Jeff Bezos past Microsoft (MSFT) founder Bill Gates as the world’s richest person… As Bloomberg reports, shares of the online retailer rose 1.8 percent to $1,071.31 as of 9:30 a.m. in New York. If the gains hold through the close, Bezos, 53, could leapfrog Gates on […]
June 2017 CFNAI Super Index Moving Average Marginally Up
The economy’s rate of growth marginally improved based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average – and economic growth remained above the historical trend rate of growth. Analyst Opinion of the CFNAI This Month The single month index which is not used for economic forecasting which unfortunately is what […]
GBP/USD: Risk Points Higher On Trend Resumption
GBP/USD: The pair continues to retain its upside threats though with caution. Support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200 […]
Snap Judgment
My dislike of SNAP has existed since even before its IPO, and I made no secret of it afterward either (see Short Now And Profit from March). I guess my point is that I’m not jumping onto the SNAP Stinks bandwagon at this late date. I have noticed there is a camp that argues SNAP is simply […]
Weekly Unemployment Claims: Up 10K From Last Week
Here is the opening statement from the Department of Labor: In the week ending July 22, the advance figure for seasonally adjusted initial claims was 244,000, an increase of 10,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 233,000 to 234,000. The 4-week moving average was 244,000, […]
Teladoc, Athenahealth Slide After Report Of Amazon Ambitions
Shares of Teladoc (TDOC), which offers a telehealth platform to deliver on-demand healthcare to patients through mobile devices, the Internet, video and phone, and athenahealth (ATHN), which offers network-enabled services to support healthcare providers, are sliding after a report that discussed Amazon’s (AMZN) “secret” health care projects. AMAZON 1492: Amazon has started a secret health […]
Sensex Finishes Flat In Final Hour Sell Off; HDFC Twins Surge
Indian share markets witnessed selling pressure in the final hour of trade but still closed at a record high for a third straight session. At the closing bell, the BSE Sensex and the NSE Nifty finished flat. The S&P BSE Mid Cap finished down by 0.6% while & S&P BSE Small Cap finished down by 0.5%. Gains were largely seen in bank stocks, and capital goods […]
What Is The Swiss Franc Telling Us?
The Swiss franc is trading at its lowest level against the euro since the Swiss National Bank surprised the world by lifting the currency cap in early 2015. This week’s move has been especially pronounced. The euro has appreciated by a little more than 2% against the franc, Barring much of a setback tomorrow, it will […]
