The consumer staples sector has been performing well of late buoyed by rising consumer confidence and improving economy. Strong recovery in the housing market and an improving labor market played a crucial role in boosting buyers’ confidence. Encouraging manufacturing index
July 9, 2017
Fundamental Forecast for the US Dollar: Neutral US Dollar stages tepid recovery after sinking to a ten-week low Soft prices have markets doubting Fed, upcoming data won’t help Hawkish Yellen testimony may finally revive US Dollar uptrend The US Dollar managed to
Look, here’s the thing: Goldman has got something they need to get off their chest with regard to upcoming earnings results. Normally, the bank’s “US Weekly Kickstart” notes are about “conversations they’re having with clients,” but this week’s iteration reads a
Walgreens Boots Alliance (WBA) decided not to buy out drug store chain Rite-Aid (RAD) for $9.4 Billion. Opting to break the deal, paying Rite-Aid a $325 Million cancellation fee and created a new deal to buy 2,100 Rite-Aid store for
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 11 years of Forex prices, which show that the following methodologies have
SPX still points a little higher. This is based on the P&F projection which calls for a move to about 2500 although, admittedly, it could fall short of its target; the structure, which appears to be forming an ending diagonal
The world’s second largest primary silver mine, Tahoe Resources Escobal Mine, was forced to shut down operations in Guatemala by a ruling from the country’s Supreme Court. This was due to a provisional decision by the Guatemalan Supreme court in
GBP/USD reversed directions last week, losing 130 points. The pair closed at 1.2884. This week’s highlights are Average Earnings Index and Claimant Count Change. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. In
(from my colleague Dr. Win Thin) EM FX closed last week on a firm note, as the stronger than expected US jobs gain was mitigated by lower than expected average hourly earnings. Still, we believe that global liquidity conditions will
Financial markets will remain preoccupied with Fed policy in the week ahead as Chair Yellen testifies in Congress and key US inflation data is released. US Dollar Forecast: US Dollar May Shrug Off Soft Inflation as Yellen Remains Hawkish The US
