Weekly Unemployment Claims: Up 1K, Beats Forecast
Here is the opening statement from the Department of Labor: In the week ending August 26, the advance figure for seasonally adjusted initial claims was 236,000, an increase of 1,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 234,000 to 235,000. The 4-week moving average was 236,750, […]
Running Of The Bears
There still may technically be three weeks left in summer, but with Labor Day weekend fast approaching, the summer season is starting to wind down. As they look forward to the last four months of 2017, individual investors are in an extremely unoptimistic mood. According to the weekly survey from AAII, bullish sentiment declined from 28.1% […]
Shifting Strategy Investing In Retail Real Estate
The retail industry is going through a time of convulsions as large retailers react retail oversupply and the growth of online shopping. Likewise, the retail real estate market is reinventing itself and flexing through the changes. This confluence of instability and great change is a nexus of opportunity. If you position yourself right, you have […]
NZD/USD: RBNZ Toughens Verbal Intervention, Head & Shoulders In Play
Ticker Last High Low Daily Change (pip) Daily Range (pip) USD/CAD 1.2537 1.2663 1.2525 84 138 The Canadian dollar outperforms its major counterparts as the region’s 2Q Gross Domestic Product (GDP) report showed the economy expanding at the fastest pace since 2011. The ongoing series of better-than-expected data prints may encourage the Bank of Canada […]
Pending Home Sales Dropped In July, Disappoints Forecast
This morning the National Association of Realtors released the July data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says the staggering inventory woes throughout the country continue to stall contract activity. “With the exception of a minimal gain in the West, pending […]
Dollar Rising Across The Board
In Thursday’s European session, the US dollar continued to recover the losses it suffered earlier in the week. The euro/dollar pair fell to 1.1827 after a bounce to 1.1906. The pound/dollar pair resumed its slide, dropping to 1.2853. Downwards pressure on the pound increased after MPC member Saunders’ speech as well as from the euro/pound […]
CAD: Where To Target USD/CAD N-Term As It’s Starting To Reverse Higher – TD
USD/CAD made another attempt at the lows but recovered quite swiftly. What’s next? Here is the view from TD: Here is their view, courtesy of eFXnews: D FX Strategy Research argues that the broad trend in the USD will set the tone in USD/CAD as the pair is undergoing a good recovery this week. “Based on a […]
July 2017 Pending Home Sales Seasonally Adjusted Index Significantly Declines
The National Association of Realtors (NAR) seasonally adjusted pending home sales index significantly declined. Our analysis is more positive. The quote of the day from this NAR release: … The reality, therefore, is that sales in coming months will not break out unless supply miraculously improves. This seems unlikely given the inadequate pace of housing […]
Carvana Delivers A Stable IPO
Photo Credit: RL GNZLZ/Flickr.com According to a report by DealerSocket, there are nearly 63,000 used car dealerships in North America, which include 45,000 independent used car dealerships and 18,000 franchise dealerships. The biggest among these dealers holds a 1.6% market share of the US market. Recently listed Carvana (NYSE: CVNA) is trying to become a leading player […]
