Will Saudi Arabia Seek Chinese Funding?
A senior Saudi official said on Thursday that his country is weighing the possibility of funding itself party in Chinese yuan, a move which would strengthen economic ties between the countries and give Riyadh more financial flexibility.The potential partnership would also be considered a huge success for China, the biggest consumer of Saudi oil, and […]
E The U.S Private Sector Quit Rate Has Soared, But It Hasn’t Ignited Wage Inflation
The latest data that tracks job turnover shows that the voluntary quit rate has been rising steadily as the job market continues to improve. Economists tend to think that a rising quit rate is a sign that the U.S. recovery is finally picking up momentum because, as the theory goes, workers are getting confident enough […]
Weekend Reading: Storm Warning
No, I am not talking about “Hurricane Harvey” which will likely be the first hurricane to strike the Texas coast since 2008, but rather the potential for another “debt ceiling” debacle brewing in Washington. Just recently, Goldman Sachs raised its odds for a government shutdown from 33% to 50% which was further supported by recent statements from President Trump […]
Dismal Durable Goods Report To Prop Up EUR/USD Ahead Of Yellen Speech
Trading the News: U.S. Durable Goods Orders A 6.0% decline in orders for U.S. Durable Goods may prop up EUR/USD going into the end of the month as it dampens the outlook for growth and inflation. Why Is This Event Important: Another batch of mixed data prints may dampen the appeal of the greenback as it encourages the […]
Are Central Banks Nationalizing The Economy?
The FT recently ran an article that states that “leading central banks now own a fifth of their governments’ total debt.” The figures are staggering. Without any recession or crisis, major central banks are purchasing more than $200 billion a month in government and private debt, led by the ECB and the Bank of Japan. […]
These Five U.S. Small Cap Stocks Have The Best 5-Year EPS Growth Rate
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Written by SmallCapPower.com The U.S. small cap stocks on our list have been growing earnings per share at more than 75% compounded over the past five years making for a potentially attractive investment […]
WTI Crude Oil And Natural Gas Forecast – Friday, August 25
WTI Crude Oil The WTI Crude Oil market fell during the session on Thursday, reaching down towards the $47 level. However, there is a tropical storm that is changing over into a hurricane heading towards the Gulf Coast refineries, so will be interesting to see what happens next. If we get some type of massive […]
Inside The “Wildest Commodity Trade” Ever… Just Don’t Blink
Besides the hilariously fabricated economic data and the whole central planning bit – both of which are now everywhere these days – the one most notable feature about China’s economy and capital markets are the constantly rolling, bursting and resurrecting asset bubbles: from housing, to stocks, to bonds, to commodities, to cryptocurrencies, to pretty much […]
GBP/JPY: Targeting 38.2% Fibo En-Route To 50% Fibo: Levels & Targets
Pound/yen continues producing lots of pips for traders. What’s next for the “dragon”? Here is the technical view from Credit Suisse. Here is their view, courtesy of eFXnews: Credit Suisse FX Technical Strategy Research notes that GBP/JPY’s rejection of its downtrend from December 2016 has seen a sharp fall to complete a small top below […]
GBP/USD Challenges Resistance Of Downtrend Channel After 1.2775 Bounce
GBP/USD 4 hour The GBP/USD is testing the resistance line of the downtrend channel (red) after indeed bouncing near the round quarter support level of 1.2750. A bullish breakout could start wave A (purple) of a larger wave 2 (red) correction. A bearish break below support (blue) and the 1.2750 support could restart the downtrend […]
