Category Archive: Finance, No picture
GBP: Brexit Concerns Continue To Outweigh Positive Economic Data
Fundamental Forecast for GBP: Neutral STERLING (GBP) TALKING POINTS: Positive UK data this week included four-decade low unemployment and an unexpected pick-up in retail sales. Light UK data calendar next week leaves Sterling at the mercy of Brexit headlines. We remain neutral on Sterling for the week ahead while acknowledging that Brexit headlines remains a […]
Wal-Mart Blockbuster Q2 Earnings Pushes Consumer ETFs Higher
Wal-Mart WMT reported blockbuster second-quarter fiscal 2019 results. The mega retailer topped the estimates on both the top and bottom line and recorded the strongest growth in more than a decade in sales at established stores. Additionally, it raised the full fiscal outlook, spreading huge optimism into the company’s growth prospects. Earnings in Focus Earnings per share […]
Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency
Chaos and confusion erupted across Venezuela, and most stores were shuttered on Saturday, after president Nicolas Maduro announced that the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for most citizens even as the country struggles with the greatest hyperinflation on record, surpassing even that […]
3 Attractive Industries For Investment
At last, we’ve made it! This is the final article in the great industries for investment series. If you haven’t seen the other articles up to now, you can find them linked below: “Red Dot” Industries Airlines Restaurants Brick & Mortar Retail Automobiles “Parasite” Business Models “Green Dot” Industries Payment Processing Social Networks Enterprise Software Online Marketplaces […]
USDCAD Weekly Analysis – Sunday, August 19
USDCAD failed to break above the falling trend line on the daily chart and remains in the downtrend from 1.3385. A further decline is still possible and a breakdown below 1.2961 support could take the price to the 1.2850 area. Only a clear break above the trend line resistance could signal completion of the downtrend.
4 Stocks To Buy As Industrial Production Edges Up In July
Per the latest report from the Federal Reserve on Aug 15, U.S. industrial production for the month of July increased 0.1%. The rise in the metric, which measures output at factories, mines and utilities across the country, was buoyed by a steady rise in manufacturing output. An increase in manufacturing activity points toward steady economic […]
Gold Prices Test 2015 Uptrend Support Ahead Of Jackson Hole
Fundamental Forecast for Gold:Bullish GOLD TALKING POINTS: Gold prices drop into multi-year uptrend support; haven flows battling USD strength What’s driving gold prices? Review DailyFX’s 2018 Gold Projections Gold prices are lower for a sixth consecutive week with the precious metal plummeting nearly 2.6% to trade at 1179 ahead of the New York close on Friday. Despite the magnitude of […]
Book Review: Faber, The Best Investment Writing, Vol. 2
If you didn’t read the first volume of Meb Faber’s The Best Investment Writing (and you should have and of course still can), you’re got another crack at learning from a lot of smart folks who collectively manage hundreds of billions of dollars. The second volume of The Best Investment Writing (Harriman House, 2018) includes more than 40 articles, and, since […]
