The University of Michigan Preliminary Consumer Sentiment for September came in at 100.8, up 4.6 from the August Final reading. Investing.com had forecast 96.7. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment posted a robust rise in
September 16, 2018
By now, it’s a very familiar question: how high can the Fed hike rates before it causes a major market “event.” Two weeks ago, Stifel analyst Barry Banister became the latest to issue a timeline on how many more rate
USDCAD is now in an uptrend from 1.2887 and the fall from 1.3226 would possibly be correction for the uptrend. Another rise would likely be seen after the correction and a break of 1.3226 resistance could trigger further upside movement
Precious metals and miners need a catalyst to find a sustainable bottom, and I just don’t see that right now. To catch a bid, there needs to be a psychological shift from risk-on to risk-off. That will take either the
The Australian dollar reached new lows but managed to recover as the market mood improved. What’s next? The RBA Meeting Minutes stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australia enjoyed a gain of 44K
Talking Points: Trade tensions are back in the spotlight after Friday’s announcement that US President Trump was ordering tariffs on $200 billion of Chinese imports. Inflation figures due out over the coming week may not carry the potency that they
To state that Gold closed down for the week — indeed down for the 12th time in the past 14 weeks — but that price’s trend flipped up from Short to Long — is justification to ring up the LTS (Looney Tune Squad) for
When discussing yesterday’s WSJ report that the Trump admin may slap the new, $200 billion round of tariffs on Chinese imports as soon as tomorrow, we said that such an escalation would likely derail talks with top Chinese officials, currently scheduled in
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all
