Round robin speculation on the next Fed chair shifted for the third time this past week. In April, Gary Cohn had the inside track. Then speculation shifted to John Taylor. Now the speculation is on Fed governor Jerome Powell. President
October 28, 2017
The Australian dollar was under pressure after inflation figures disappointed, dropping to the lowest levels in three months. Trade balance and retail sales stand out as we turn the page to November. Here are the highlights of the week and an updated
As central bank policies are increasingly fingered by the mainstream as the source of soaring wealth-income inequality, policies supporting credit/asset bubbles will either be limited or cut off, and at that point all the credit/asset bubbles will pop. I’ve long
It is a good sign for the stock market when Regional Banks are participating in the advance because it indicates rates are rising due to some strength in the economy. So how do we interpret this chart below that shows
Global markets continued to remain buoyant in the week gone by. The US markets ended higher by 0.6% on the back of a tech rally fueled by strong quarterly performance by IT heavyweights such as Amazon, Microsoft, Alphabet and Intel.
On Thursday the ECB released its plan for QE for 2018. It was exactly as expected as the bond buying was cut in half to 30 billion euros per month for 9 months and then lowered to nothing over the
The earnings season is off to a flying start with equity markets scaling record highs, owing to a slew of upbeat economic data, strong corporate performance and President Donald Trump’s tax reform proposal. However, the performance has been a mixed
GBP/USD struggled once again due to hardships in Brexit negotiations but enjoyed an upbeat GDP figure. What’s next? The Bank of England’s Super Thursday is clearly the big event of the week, but also the PMIs could shake the pound. Here
The oil market never ceases to surprise. When oil was gushing in 2014 and then prices suddenly turned to the downside after the Fed began unwinding quantitative easing. When oil services firms seemed like they were on the ropes in
