Despite gunmaker stocks slumping as 2017 sees the biggest year-to-date decline in background check requests for firearms sales, USA Today reports that the FBI was flooded Friday with more than 200,000 background check requests for gun purchases, setting a new single day record, the
November 26, 2017
GBP/USD had a turbulent week with the government and the BOE both impacting the currency and eventually finished higher. The upcoming week sees the Bank Stress Tests and the first PMI for November as we enter the last month of the
Corporate share repurchases have turned out to be a great mechanism for converting Federal Reserve easing into higher consumer spending. Just allow public companies to borrow really cheaply and one of the things they do with the resulting found money
USD/JPY broke below 111.47 key support, confirming that the upside movement from 107.31 had completed at 114.73 already. Further declines would likely be seen over the next several weeks and next target would be at 109.50. A breakdown below this
The recent fall in the USD should have given gold traders and investors cause to celebrate given its strong inverse relationship with the precious metal, and they would have also have been cheered by the various commentators speculating that gold
Aside from fundamental market data, the equity market tends to follow a sentiment cycle as described by Justin Mamis, a famed market technician and author, who wrote several books on technical analysis. One of his books, The Nature of Risk, contains
This should be one of the last minor tops before the arrival of a much more serious correction, most likely the most serious one since the 1810 low in the SPX. From a time standpoint: a little more time is
President Trump has promised to cut federal taxes and reduce the U.S. trade deficits with other countries. Unfortunately for Trump, both history and economic theory suggest that these priorities are completely inconsistent. The Administration has claimed that its $1.5 trillion
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
Adobe Analytics says there were record online sales on TD and Black Friday. Will online exceed in-store sales this year? Adobe Analytics reports record online sales for both Thanksgiving and Black Friday. It believes a cyber-Monday record is on the way. U.S.
