EUR/USD: Trading The US Nonfarm Employment Change
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Indicator Background Job creation is one of the most […]
Why We Like Japanese Small Caps Now
The last decade has not been a great time to be an investor in international stocks, but small-cap stocks internationally outperformed large-cap stocks, and Japanese small-cap stocks (WisdomTree Japan SmallCap Dividend Index) on a dividend-weighted basis actually outperformed the large-cap, market capitalization-weighted index (MSCI Japan Index)” by over 400 basis points (bps) per year over the last decade. As value-oriented investors, we often believe in […]
Doc Copper; Breaking Bearish Rising Wedge Support
Ole Doc Copper has been creating a series of lower highs and lower lows since 2011. During this time period, stocks did well and many commodities did not. At the same time Doc Copper was soft, global growth had little to brag bout. Also during the decline in Doc Copper, interest rates did the same. […]
E NZD/USD Under Heavy Selling Pressure
By James Harte Dairy Prices Weighing on NZD The New Zealand Dollar has come under fresh pressure across the board over the last week. One contributing factor has been the relative improvement in the outlook for the dairy supply which is expected to keep prices, and thus NZD, under pressure. Instead of being a function […]
Euro Rallies As ECB’s Draghi Offers Optimistic Outlook At Press Conference
The European Central Bank kept its main policy rates on hold today as was widely expected, while likewise making no changes to their QE program. There was little need to, after all, with the taper starting next month, when the pace of asset purchases will decline from €80 billion per month down to €60 billion per […]
WTI Crude Oil And Natural Gas Forecast – Thursday, March 9
WTI Crude Oil The WTI Crude Oil market fell significantly during the day on Wednesday, as we have sliced below the 50-day exponential moving average. Furthermore, it looks as if we are going to reach towards the $50 level, and the build of over 8 million barrels announced at the Crude Oil Inventories announcement suggests […]
Facebook Remains Top Large-cap Internet Idea At JPMorgan
JPMorgan analyst Doug Anmuth says he’s increasingly confident in his above-consensus 2017/2018 revenue estimates for Facebook following an analysis of the company’s product and advertising changes. Facebook’s monthly active users grew last year at the fastest rate since the company went public in 2012 while Instagram added its most recent 100M users at its fastest […]
Happy Birthday!
Don’t look now fans, but the current secular bull market in stocks turns 8 years old today. Yep, that’s right; 8 years ago, today, Jamie Dimon stepped to the microphone on the White House lawn and reminded everyone that his bank not only wasn’t at risk of collapse, but was actually profitable – despite the […]
European Indices Fire Warnings
Most people watch the FTSE 100, the leading index in the UK, and the German DAX. The former was the first major index in Europe to make a new all-time high as investors rewarded it for Brexit instead of punishing it, counter to expectations. The latter is finally within spitting distance of making a new […]
Oil Is Back To Reality: WTI And Brent Crash By 5%
Since the beginning of this year, we have been watching Crude Oil prices very closely, especially after OPEC announced cutting the production in coordination with Non-OPEC members. OPEC decided to cut its production back to the 32M barrel, and they actually achieved that level in January and February of this year, down from a record […]
