Category Archive: Finance
Seasonal Low In Stocks Due Today, Different This Time
Below looks at the average performance of the S&P 500 in the month of October, over the past 10 & 20-years. Both charts have a couple of things in common. The first thing that each chart has in common is that both charts reflect gains in the month of October, with the average gain over […]
Long-Term Trends In Employment By Age Group – Tuesday, Oct. 10
Note: This commentary has been updated with the latest numbers from last week’s Employment Report. The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military […]
EUR/USD Rallies, Remains On The Corrective Offensive
EUR/USD: With the pair rallying to extend its price correction on Tuesday, more strength is expected in the days ahead. Resistance comes in at the 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose […]
BAE Systems To Cut Nearly 2,000 Jobs In Organizational Shuffle
From January 1, BAE Systems will implement organizational changes across the Group, other than at its US-managed business, BAE Systems, Inc. “These changes will drive competitiveness; accelerate technology innovation; and deliver continued improvements in efficiency and operational excellence. The current Platforms & Services UK and P&S International management structures will be removed with the organization […]
Palladium Beats Platinum For The First Time In 16 Years
At the end of September, the price of palladium became higher than the price of platinum. What does it mean for the precious metals market? Initially, we wanted to provide investors with an update on Catalonia, but Catalan President Carles Puigdemont rescheduled the session of the Catalan Parliament for today. We will cover the developments […]
Steady As She Goes
Although we’re getting a late start to the week, market analysis definitely falls into the “better late than never” category. So, let’s go ahead and review my key market models/indicators and see where we stand. To review, the primary goal of this exercise is to try and remove any subjective notions about what “should” be […]
A Desperate OPEC Asks US Shale For Help In Cutting Oil Output
While OPEC has been presenting an optimistic facade in recent months, repeating at every opportunity that the global oil market is “rebalancing” and demand is rising, the oil production cartel made a rare slip today when it addressed what should not be named in public: US shale production. Speaking on Tuesday, OPEC Secretary General Mohammed […]
Global Outlook Improves
from the Dallas Fed — this post authored by Daniel Crowley Recent data on global gross domestic product (GDP) growth point to a modest and broad-based increase in real economic activity. In the Federal Reserve Bank of Dallas’ Database of Global Economic Indicators (DGEI), world GDP growth (excluding the U.S.) was 3.5 percent in the […]
U.S. Dollar Drops Ahead Of FOMC Minutes; EUR/USD, GBP/USD Catch Bids
In yesterday’s article, we looked at the U.S. Dollar being in a rather precarious position after tagging a key zone of resistance to finish off last week. Of course, last week ended on a rather sour note as Non-Farm Payrolls printed with the first contraction in over seven years (September, 2010). While this is being discounted to a degree, […]
Indian Fashion E-Tailer Yepme Looks Shaky
According to a joint study by the global Boston Consulting Group (BCG) and Facebook, the online fashion market is currently worth about $4 billion or 5% of the Indian fashion retail industry. By 2020, about $30 billion of the Indian fashion industry is expected to be digitally influenced. Yepme is an online fashion player looking to make […]
