Well, needless to say, this has the potential to be an interesting week, so you better buckle up. The situation in Washington is of course touch-and-go, and even if the shutdown proves fleeting, the devil will be in the details of the deal. To be sure, no one is going to come out of this…
USD/CAD failed to break below 1.2355 support and stayed in a trading range between 1.2355 and 1.2590. The sideways movement is likely consolidation of the downtrend from 1.2920. As long as 1.2590 resistance holds, the downside movement could be expected to resume and a breakdown below 1.2355 support could take price to 1.2200 area. Only…
A press release from Apple last week generated a lot of excitement about the new investments in the US that will be stimulated by Trump’s tax cuts, but it seems to me that apart from paying $38B of extra tax Apple is not planning to do anything that it wouldn’t have done in the absence of the…
The European Central Bank convenes for its first decision in 2018. The new year already saw the halving of the bond-buying volume to 30 billion euros from 60 billion beforehand. The program is set to run through September, and the big question is: will it end in September? Here is a preview of the big event…
Reports are that John Williams, president of the Federal Reserve Bank of San Francisco, has been targeted as a potential candidate for Fed vice chairman. President Williams is scheduled to vote as one of the five sitting reserve bank presidents on the FOMC in 2018. What would his appointment mean as far as the Fed…
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the energy sector and IT sector witnessing maximum buying interest. The BSE Sensex is trading up 97 points (up 0.3%) and the NSE Nifty is trading up 11 points (up 0.1%). The BSE Mid Cap index is trading down by 0.1%, while the BSE Small Cap index is…
The US 10-year Treasury bond is the benchmark for global interest rates and stock markets. And for the past 30 years it has been heading steadily downwards as the chart shows: US inflation rates finally peaked at 13.6% in 1980 (having been just 1.3% in 1960) as the BabyBoomers began to move en masse into the Wealth Creator 25 –…
While managing your risk is the most critical part of your investment strategy in any market, Cryptocurrency risk management needs particular attention. Here’s a quick review of the market in the past few days, and some tips on cryptocurrency risk management. Cryptocurrency Price Action The top 20 largest cryptocurrencies by market cap erased some or all…
In the late 20th century, US petrodollar dominated the world economy. In the 21st century, we are witnessing the rise of the Chinese petroyuan. The former grew on the back of postwar growth in the advanced economies; the latter is fueled by industrialization in emerging and developed economies. According to SWIFT, US dollar still accounts…
At last week’s ICR Exchange Conference, investors and analysts heard from about 30 publicly traded restaurants and another 10 non-public companies. One of the most interesting operational stories heard was from Red Robin (RRGB), which provided more detail on their plan to rework their store service model. Specifically, the Red Robin chief financial officer noted…
