GBPUSD targets further price build up following its temporary bottom on Wednesday. It looks to extend its recovery towards the 1.5196/99 zone. leaving risk of further move higher. On the downside, support lies at the 1.5100 level where a break
November 25, 2015
Food for thought over the long weekend. Why Tighten? I hear a lot about why, despite (by some accounts) a measurable output gap, and low inflation, we need to tighten because of e.g., an incipient housing bubble (or some other unidentified asset
by Rick Davis, Consumer Metrics Institute In their second estimate of the US GDP for the third quarter of 2015, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a +2.07% annualized rate, up +0.58% from their previous estimate — but still
Everyone has heard the phrase “this is the most important jobs report ever”, and virtually every time this has been an exaggeration. However according to an analysis conducted by BofA’s Vadim Iaralov, the nonfarm payrolls report on December 4 (a
What Does History Say About Weak Commodities And Bull Markets? You have probably heard the following argument somewhere in recent weeks: Weakness in commodities, especially copper, is telling us the global economy is weak and another horrible bear market in
Slow But Steady Biotech Rally RNA Therapeutics-Duchenne Muscular Dystrophy (DMD) Despite some overhanging concerns about drug pricing and major setbacks from clinical trials like Clovis Oncology (CLVS) and BioMarin Pharmaceutical (BMRN) the sector looks like it wants to go up
Elliot Capital seems to have gotten the attention of management…..it’s hard to find anything to complain about with this…. The Release: American Capital Announces Strategic Review of Alternatives Seeking to Maximize Shareholder Value, Expands Existing Stock Buyback Program, Now to
Durable goods orders and shipments were estimated still consistent with the depressive environment that has “unexpectedly” lingered for the whole of 2015. Year-over-year, new orders for durable goods fell 4.13% while shipments contracted by 3.74%. That is the ninth straight
The Dow should have been down 500 points Tuesday. And that’s to say nothing of the fact that the market’s current lofty valuation makes no sense in the first place. The fact is, the brown stuff is now heading straight for the fan. Didn’t the odds
Consider this clipping from the August 1932 San Francisco Chronicle newspaper: “Reduction of salaries of municipal employees and limitation of city positions to only one member of a household will be sought by (Supervisor) Adolph Uhl in two amendments to
