Bulls Fading Into The Fall
Based on the latest weekly sentiment data from AAII, it appears that investors are growing increasingly concerned about the market as bullish sentiment declined from an already low 34.17% down to 28.1%. That’s the lowest weekly reading since June 1st, right before the volatility in the FANG stocks really got going and the largest weekly decline […]
USD/CAD: Could Make Another Brief Foray Below 1.25 But Unlikely Sustainable – CIBC
The Canadian dollar had a huge run, made a significant correction and now seems to lift its head once again. What’s next? Here is the view from CIBC: Here is their view, courtesy of eFXnews: CIBC FX Strategy Research argues that while USD/CAD could see another brief foray below 1.25, it’s unlikely to see a sustainable […]
E Canada Will Likely Lead The G7 Countries Growth This Year, But Post Slower Growth In 2018
“Projected global growth rates for 2017–18, though higher than the 3.2 percent estimated for 2016, are below pre-crisis averages, especially for most advanced economies and for commodity-exporting emerging and developing economies. Among the former, many face excess capacity as well as headwinds to potential growth from aging populations, weak investment, and slowly advancing productivity.” (IMF, […]
Business-Loan Growth Continues To Slide
Focusing on one data set is always hazardous for analyzing the business cycle, but the ongoing decline in commercial and industrial (C&I) lending is drawing a crowd. The trend is worrisome, but it’s premature to draw broader conclusions for the US economy because most key indicators are still positively skewed. Last month I noted that the year-over-year increase in […]
Sears Same-Store Sales Plunge 11.5%; To Close Another 28 Stores
Near insolvent retailer Sears Holdings reported another quarterly loss, with same store sales plunging in Q2 more than expected as the company offered more margin-crushing discounts amid an industry that is, in the words of Dick’s CEO, in “panic mode“. The company blamed a “retail environment that remained challenging, with continued softness in store traffic and […]
USDJPY Elliott Wave View: Resuming Lower
Short-term USDJPY Elliott wave view suggests the decline from 7/11 peak is unfolding as a double three Elliott wave structure. Decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak. Subdivision of Minor wave Y is unfolding as a Zigzag structure. Minute wave ((w)) of ((Y) ended at 108.59 low and Minute […]
USD/JPY And AUD/USD Forecast – Thursday, August 24
USD/JPY The US dollar had a slightly negative session on Wednesday, as we initially tried to rally but found the 110 level to be a bit too resistive. Falling back towards the bottom of the large consolidation area, I believe that the market will probably find buyers underneath. I also recognize that the speech by […]
Uncertainty Following Tuesday’s Rally, Will Uptrend Continue?
Intraday trade: The S&P 500 index may continue to retrace its Tuesday’s move up today. Therefore, intraday short position is favored again. Stop-loss is at the level of 2,460 or 5 points above Tuesday’s daily high. Potential profit target is at 2,425, below Tuesday’s daily gap up (S&P 500 index). Our intraday outlook is bearish, […]
Ron Rosen: USD & Equities Will Plunge Together – While Gold & Mining Stocks Soar
The S&P 500 and the Dow have accompanied the U.S. Dollar Index on its huge corrective zig-zag rise and will continue to accompany it on its coming collapse. Gold, and its miners, wait in anticipation of the U.S. Dollar Index crossing the 91.88 level before they move explosively upwards. The dollar has been falling lately, which […]
Flat Finish To The Week; Cadila Healthcare Rallies 7%
Indian share markets finished marginally higher for the week in a thin trade amid buying in pharma stocks, software stocks and capital good stocks. At the closing bell, the BSE Sensex closed higher by 28 points and the NSE Nifty finished up 5 points. The S&P BSE Mid Cap finished up by 0.8% while & S&P BSE Small Cap too finished up by 0.4%. FMCG stocks, realty stocks and oil & gas […]
