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As Currency War Beckons, Here Is One Trader’s Dollar Mea Culpa

As Currency War Beckons, Here Is One Trader’s Dollar Mea Culpa

Poor Mark Cudmore. A few hours ahead of Wednesday’s decidedly dovish Fed statement, the former trader made a rather bold call. Specifically, he said this: The Fed’s poised to ignite a violent dollar rally. And in case that wasn’t clear enough, he elaborated as follows: Dollar risks are starting to seem skewed all one way: toward an immediate […]
Stock Exchange: Reading Into Retail Moves

Stock Exchange: Reading Into Retail Moves

Our last Stock Exchange looked at consumer discretionary spending. If you missed it, a glance at your news will show that the key points remain relevant. This Week – Amazon Apocalypse in Retail? Amazon (AMZN) made waves again last week with its announcement that it would partner with Sears (SHLD) to sell Kenmore branded appliances. […]
Gold Falls From Six-Week High As Dollar Swings

Gold Falls From Six-Week High As Dollar Swings

Gold prices ended Thursday’s session down $1.57, pressured by the dollar’s bounce on better-than-expected U.S. economic data. XAU/USD tested the support at $1255 after a report from the Commerce Department showed demand for durable goods jumped 6.5% in July. Investors will be looking ahead to the U.S. Q2 advance gross domestic product report due out […]
Blue Chip Stocks In Focus: Philip Morris International

Blue Chip Stocks In Focus: Philip Morris International

The tobacco industry has long been a source of exceptional shareholder returns. In some ways, this is not surprising. The economics of selling cigarettes and other tobacco products are highly attractive. I’ll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It’s addictive. And there’s a fantastic brand loyalty. – Warren Buffett Philip […]
The Dreaded Ted Spread

The Dreaded Ted Spread

The TED spread is something a lot of people were seemingly worried about a few months ago – at least that bearish crowd that provide the public service of perpetual warnings. You wont hear them anymore, by contrast, saying how good things are now that the TED spread has fallen to the low end of the range. […]
Rogers Communications- The Telecom Riding The Market Like There Is No Tomorrow

Rogers Communications- The Telecom Riding The Market Like There Is No Tomorrow

For the second part of my “Canadian Telecoms on the radar”, I’m taking a look at Rogers Communications (RCI). The company rid the market this year with +27% as at July 22nd 2017. Is it too much? Is it too late to pick this gem? Let’s dig deeper to find out! Rogers Communications has adapted since […]
Crude Oil Prices Eye Industry Earnings, Gold Focused On US GDP

Crude Oil Prices Eye Industry Earnings, Gold Focused On US GDP

Crude oil prices continued to rise as Kuwait pledged to join Saudi Arabia and the UAE in cutting output further while API said US fuel consumption for June surged to highest level in a decade. Second-quarter earnings reports from Baker Hughes, Chevron and Exxon Mobil are now in focus. Traders will look to forward guidance from the industry heavyweights to inform expectations for […]
GBP/USD: Balance Of Risks Into BoE Aug Meeting; Where To Target? – CIBC

GBP/USD: Balance Of Risks Into BoE Aug Meeting; Where To Target? – CIBC

After falling on Carney’s dovishness and rising on his newly found hawkishness, the pound will face Carney once again, this time at the “Super Thursday” meeting on August 3rd. What can we expect? Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that the August 3rd BoE policy meeting will again manifest divergent opinions in […]
DeFAANG

DeFAANG

Podcast: Play in new window | Play in new window (Duration: 13:05 — 7.5MB) DOW + 85 = 21,796 SPX – 2 = 2475 NAS – 40 = 6382 RUT – 8 = 1433 10 Y + .03 = 2.31% OIL + .08 = 49.12 GOLD – 1.50 = 1259.60 BITCOIN + 0.73% = 2717.16 USD ETHEREUM – 0.07% […]
Share Markets In India Open Lower; Dr Reddy’s Bleeds On Poor Q1 Result

Share Markets In India Open Lower; Dr Reddy’s Bleeds On Poor Q1 Result

Asian indices are pressured today as the dollar firmed overnight and as investors looked ahead to more corporate earnings due during the session. The Shanghai Composite is off 0.04% while the Hang Seng is down 0.51%. The Nikkei 225 is trading lower by 0.42%. US equities traded higher on Thursday as the tech sector was lifted by strong earnings. Back […]