The Aussie dollar looks to have made a reaction high today and I remain bearish about its short term prospects. Let’s review the daily chart. AUDUSD DAILY CHART Price hit a high today at 76.76 c before reversing back down
July 15, 2016
Retail sales in June 2016 were up 3.14% from June 2015. That rate is slightly better than the average from the middle of last year, but not significantly so. The 6-month average continues to straddle the 3% range that traditionally
The Atlanta Fed GDPNow forecast for second quarter GDP and the New York Fed Nowcast staff report both ticked up 0.1 percentage points following today’s economic releases. Latest forecast: 2.4 percent – July 15, 2016 The GDPNow model forecast for
There is an ongoing coup in Turkey with the military attempting to take over and many details unclear. This is an ongoing event that could result in a successful coup, a crushing of the rebellion or the worst case scenario:
(To see Saturday update click here.) On Friday night, an army group in Turkey said it has taken control of the country, with bridges closed in Istanbul and aircraft flying low over Ankara. A statement from the military group read
Industrial production in the United States remains caught up in the latest downward shift of the 2012 slowdown. The Federal Reserve estimates that overall industrial production contracted for the 10th straight month, falling 0.7% in June 2016. The degree of
Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege to be joined now by David Smith, senior analyst at The Morgan Report. David, it’s always great to have you with us. How are you? David Smith: Very
Bummer! Our benchmark S&P 500 was on the verge of setting a full week of record closes, but today’s fractional 0.09% decline ended the streak at four days. The index hit is 0.24% intraday high about two minutes into the
Sum-of-the-parts (“SOTP”) or “break-up” analysis suggests that Walt Disney (NYSE:DIS) stock price has 39% potential upside. This value is hidden within the five major segments. In spite of having $155 billion in market cap, Disney has continued to move the needle (228.71%
Today’s trading was thoroughly boring, and if you were around to watch most of it, particularly in the afternoon, then good on you. I did not. lol. Key juncture here with stocks at decent overhead resistance levels. The dull trade
