Jaw Dropping Oil Increase
The Saudi Oil Minister, Khalid Al-Falih, says that OPEC cuts have exceeded expectations of 1.5 million barrels of oil a day, but you would not know it by the jaw dropping 11.6-million-barrel crude oil increase reported by the American Petroleum Institute (API). Even with a bullish 5-million-barrel drop in gasoline supply, the largest weekly drop […]
Gundlach Says Fed Will Hike “Until Something Breaks”, Dumps Bank Shares
Last week, in an abrupt shift to his bullish posture, Bank of America strategist Michael Hartnett laid out how he envisioned the transition from the current “Icarus” rally to what he dubbed the market’s “Great Fall” – or “Humpty Dumpty” trade – which he expected to take place in the second half of the year, and which […]
Pound Pressured Ahead Of Budget Release
The Pound Sterling fell against the US Dollar, dipping to a 7-week trough as investors await the release of the British budget. The finance minister is expected to raise his economic forecasts, but analysts believe that Philip Hammond is also likely to talk up new targets that would curb the UK’s large fiscal deficit. Included […]
Those Rising German Trade Surpluses
For the world as as a whole, exports need to equal imports. Thus, the large US trade deficits are necessarily offset, out there in the world economy, by equally large trade surpluses in other countries. From a global perspective, these offsetting surpluses are largely in three countries: China, Germany, and Japan. Here’s are some statistics from […]
E Cisco Systems Stock Is A Great Long-Term Investment
Cisco Systems (CSCO) has done very well in the last few years, and its stock has outperformed the market by a significant margin. In fact, since the beginning of 2014, CSCO’s stock has gained 52.5% while the S&P index has increased only 28.1% in the same period. What’s more, the company has a compelling valuation […]
Is U.S Economic Growth Slowing In Q1?
Yes, according to Tuesday’s revised GDP estimates from the Atlanta Fed and CNBC’s Rapid Update survey data. The Capital Spectator’s new economic projection is also anticipating a weaker pace of growth Vs. last year’s fourth quarter. It’s too early to say for sure if the weaker forecasts are accurate (quite a lot of Q1 data […]
China Trade Data “Surprises” Bigly, Shows First Deficit In 3 Years
Wednesday begins in China, where we got highly anticipated trade data that probably shouldn’t have been so highly anticipated given that seasonality makes the compare largely meaningless. But you know, whatever. Here’s the breakdown: CHINA FEB. TRADE BALANCE -60.4B YUAN; EST. 172.5B YUAN CHINA FEB. IMPORTS RISE 44.7% Y/Y IN YUAN TERMS; EST. 23.1% CHINA […]
EUR/USD: Awaiting A Renewed Minimum
Previous: Trading on the EUR/USD pair closed down on Tuesday. The single currency depreciated against the dollar on the back of a rise in US 10-year bond yields and a drop in their German equivalent. By the end of the day, US 10-year bond yields had risen by 0.72% to 2.494%. German 10-year bond yields […]
USD/JPY – Can It Hit 115.00?
After weeks of listless trade, USD/JPY is showing some signs of life as it continues to hold on to the 114.00 figure. Although recent trading was decidedly muted the recent price action has all the marks of a dollar breakout. The benchmark 10-year rate inched above the key 2.50% level helping to fuel pro-dollar flows […]
Deutsche Bank: Sell The Bounce?
A textbook bearish formation has been spotted in Deutsche Bank (DB) (traded in Xetra Germany) according to Elliott waves. A 5 wave decline has been seen and together with a price break below my automated indicator, I expect a bounce towards 18.30-18.50€ to go short and use the highs as stop. The minimum expectation […]
