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Sky-High Markets And Ho-Hum Wages

Sky-High Markets And Ho-Hum Wages

Friday’s employment data is expected to fall within the “average” levels made during the past 17 years, as shown on the following three graphs. Wage growth hasn’t amounted to much during these years, so that should be a warning to sky-high markets, IMHO…especially if Congress fails to pass income tax cuts and tax reform this year. […]
Loonie Higher After GDP Data

Loonie Higher After GDP Data

The Canadian Dollar rose more than 1% versus the US Dollar yesterday after the release of Canadian GDP data showed an unexpected jump in the second quarter to 4.6% (quarter-over-quarter) against forecasts that productivity would be flat over the period. That has bolstered sentiment among FX traders that the Bank of Canada will likely hike […]
Markets Remain Resilient

Markets Remain Resilient

U.S. equities continued their advance despite a jump in gasoline prices amid the impact of Hurricane Harvey, as well as a mixed bag of economic news and continued anxiety surrounding political and global monetary policy uncertainty. Treasury yields were little changed and the U.S. dollar was modestly lower, while crude oil prices and gold were […]
The Most Useful Leading Indicator Of The Global Boom-Bust Cycle

The Most Useful Leading Indicator Of The Global Boom-Bust Cycle

The long-term economic oscillations between boom and bust are caused by changes in the money-supply growth rate. It can therefore make sense to monitor such changes, but doing so requires knowing how to calculate the money supply. Unfortunately, most of the popular monetary aggregates are not useful in this regard because they either include quantities […]
What Are The Top 10 Strongest Economies In The World?

What Are The Top 10 Strongest Economies In The World?

When evaluating the state of the global economy, it really helps to know who the major players are and how their businesses and resources can effect the businesses and resources in other countries. On GradMoney, I like to talk about the economies and the respective data of many different nations to give you as sense […]
EUR/USD Prepares Bearish ABC Zigzag Before Non-Farm Payroll (NFP)

EUR/USD Prepares Bearish ABC Zigzag Before Non-Farm Payroll (NFP)

EUR/USD 4 hour Important numbers are expected to be released today in the US. The Non-Farm Payroll (NFP), average hourly earnings, and unemployment rate will be announced and they typically impact the US Dollar and other financial instruments. The reaction of the USD to the news remains to be seen but from an Elliott wave […]
Sensex Up Over 130 Points; Realty Stocks Witness Buying

Sensex Up Over 130 Points; Realty Stocks Witness Buying

After opening the day marginally higher, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the realty sector, auto sector and healthcare sector witnessing maximum buying interest. The BSE Sensex is trading up 131 points (up 0.4%) and the NSE Nifty is trading up 36 points (up 0.4%). The BSE Mid Cap index is trading up by 0.8%, […]