AUD/USD remains under pressure as lackluster data prints coming out of China, Australia’s largest trading partner, cast a weakened outlook for the Asia/Pacific region, and the exchange rate may ultimately trade to fresh yearly lows as it extends the bearish sequence
October 22, 2018
This is a tough market, no doubt, and while conditions are quite oversold, there has been a lack of a bounce with the equities. My watch list has about 20 less stocks than what it has been over the past
Asia was a buzz this morning having heard verbal intervention in support of further stimulus and possible future tax cuts. This took the core indices from lower to over 5% higher at one stage. The turnaround in China has fuelled
In markets, we often hear of these precise levels, beyond which everything is said to unravel. The so-called “breaking point”. Their allure is undeniable. If such a point existed, one could fully prepare for it in advance, exiting unscathed before the
While global conditions have been less than optimal, inflation in the Eurozone should not be a point of concern at the moment, especially in its impact on the regions monetary policy. The four countries in the chart below account for
After its powerful surge in late-2017 and stunning plunge in early-2018, Bitcoin’s volatility has died down significantly as it settles into a narrowing range just above its key $6,000 support level. This narrowing pattern appears to be a descending triangle, which
The other day I wrote a piece “When will chasing the hot stock no longer work?” which outlined how “price momentum” was the main driving factor during the recent stock market rally. I went through how value stocks have been sucking wind
What is the value of education for household income? The Census Bureau’s annual survey data for 2017 published last month gives us some interesting insights into this question. The median income for all households with a householder age 25 and
Stocks were a bit weak today, having opened quite a bit lower than Friday’s close in the futures market. Jitters over the Chinese economy were the putative cause in spokesmodel land. Gold and silver were off a bit on a
Rumors of a future financial crisis are spreading once more, as subprime mortgages have made a return under new labels such as “impaired credit” or “complex prime”. On an international level, the latest report by the IMF warns against the “risks of rollback, waning
