WTI Crude Oil And Natural Gas Forecast – Tuesday, September 12
WTI Crude Oil The WTI Crude Oil market initially fell on Monday, but turned around to form a hammer as word got out that disruptions weren’t going to be as big of an issue with demand, and that of course helped the market. By doing so, it looks as if we could go looking for […]
Above The 40 – The S&P 500 Hits Fresh All-Time High On Tension Relief
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 51.1% of stocks are trading above their respective 200DMAsVIX = 10.7 (down 11.5%)Short-term Trading Call: neutral (see below for caveats) Commentary I had no idea that the previous tensions in the stock market fully priced in the likely economic damage from Hurricane Irma, the possible […]
Hawkish BoC, Better Than Expected Jobs Report Pushes CAD Higher
The Canadian dollar strengthened for a fourth consecutive week against the US dollar, rising over 2% by Friday’s close. USD/CAD fell to a two-year low on Friday as price tested lows of 1.2061. Further gains can be expected from the USD/CAD as the economy continues to push ahead at full steam. BoC hikes interest rates […]
U.S-China Trade Before The Storm
Although it only lasted from 17 August 2017 through 2 September 2017, Hurricane Harvey will have an impact on trade between the U.S. and China. The reason why has everything to do with its impact on Texas’ ports, like Corpus Christi, where crude oil is loaded onto large container ships whose destination is China. The meteoric […]
How Retailers Are Countering Amazon’s Growing Dominance
With technology having advanced in leaps and bounds, online shopping has become the order of the day. Thanks to the various mobile apps and dot.com businesses, shopping for anything is literally on consumers’ finger-tips. Talking of e-Commerce, Amazon.com Inc. (AMZN – Free Report) is undoubtedly the first name to pop-up on anyone’s mind. Obviously, consumers’ rapid shift to e-marketplace […]
Dollar Sports Heavier Tone As Yesterday’s Bounce Runs Out Of Steam
Several developments have attracted our attention, but the key take away is that the global capital markets have stabilized after appearing downright frightful at the end of last week, as stocks, yields, and the dollar plummeted. Equities rallied om Monday and there was follow through buying in Asia on Tuesday. The US S&P 500 gapped higher […]
Brits Have Suddenly Stopped Buying Cars
British people have suddenly stopped buying cars and as BI’s Jim Edwards notes, it’s not clear why. As the following chart from Barclays shows, both new- and used-car sales have collapsed… While the slump in consumer confidence remains a major factor… as BI’s Jim Edwards notes, a number of other factors are colliding simultaneously to hurt UK car sales: The rise […]
E The Bank Of Canada Abruptly Changes Direction
Early this year the Bank of Canada was unsure about the future path of Canadian economy; accordingly, it announced no change in its rate policy all winter and spring. Suddenly, in August the Bank announced a rate hike of ¼% and followed up with a similar hike in September. This abrupt shift in outlook and […]
Even ‘Street Urchins’ Understand How To Trade The Market – So Why Don’t You?
Former trader and current man who had a whole weekend to find something one of colleagues wrote to disagree with, Richard Breslow, is out with his latest daily missive and unsurprisingly, he thinks you still don’t get it. What is it he thinks you don’t get? Well generally speaking, you don’t seem to get much […]
Hurricanes Are Damaging More Than Cities And Lives…
This is not an opine on the consideration of climate change, but perhaps it should be. In the midst of Harvey, Irma, Jose, and maybe more, I’d like to focus on the measurable (and the immeasurable) economic impacts that these storms are having on the US. In a nutshell, hurricanes cost billions of dollars. In […]
