Apple Inc’s (AAPL – Free Report) radically overhauled iPhone X was anticipated to be a super cycle and it seems like it is turning into one. Going a step ahead, Piper Jaffray analyst, Michael Olson in his research titled “Why AAPL Can Keep Working: ‘Super Cycle’ Is Now ‘Super Long Cycle” has stated that, “this could well turn into a “super long cycle” driven by the next iterations of iPhone X. He was quoted by CNBC saying, “Apple may be increasingly well positioned to experience a strong multi-year iPhone trajectory, not the short-lived ‘super cycle’ that was anticipated. We believe an...
GBPUSD extended its bounce from the rising trend line on the daily chart to as high as 1.3549. A further rise to test 1.3657 resistance would likely be seen next week. A breakout of this level will confirm that the uptrend from 1.1946 (Oct 2016 low) has resumed, then the next target would be at 1.4000 area. On the downside, a breakdown below the trend line support could bring price back towards 1.3027. Below this level could signal completion of the uptrend, then the pair would find next support level at 1.2774, followed by 1.2589....
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 all produced profitable results: Trading the two currencies that are trending the most strongly over the past 3 months. Assuming that trends are usually ready to reverse after 12 months. Trading against very strong counter-trend movements by currency pairs made during the previous week. Buying currencies with high interest rates and selling currencies with low interest rates. Let’s take a look at t...
Holiday season is in full swing, and that means it’s the prime time period for giving. The stock market has provided its fair share of giving to investors in the form of a +2.7% monthly return in the S&P 500 index (up +18% in 2017). For long-term investors, stocks have been the gift that keeps on giving. As we approach the 10-year anniversary of the 2008 Financial Crisis, stocks have returned +68% from the October 2007 peak and roughly +297% from the March 2009 low. If you include the contributions of dividends over the last decade, these numbers look even more charitable. Compared to stocks, however, bonds have acted more like a stin...
What is the outlook for global markets? That is the million dollar question of course. InvestingHaven’s methodology says that there are a couple of leading indicators, one of them being the Japanese Yen, one of the classic safe havens (read more in our safe haven forecast for 2018: watch the correlation between gold and the Yen ). The trick is to understand what each indicator stands for; in other words what can you read and what can’t you read in an indicator. Let’s deep-dive into what the Japanese Yen, one of our risk indicators, spells for global markets in 2018. The Japanese Yen as one of the leading risk indicators for global mar...
Six months ago, recreational vehicle sales were booming and the companies making those expensive, gas-guzzling rolling houses were riding high. See The Perfect Crash Indicator Is Flashing Red. And now? Same story, even bigger numbers – but with a decidedly more skeptical treatment in the media: (Wall Street Journal) – For anyone who has gotten stuck on a mountain road behind a massive recreational vehicle, get used to it, there are a lot more on the highway. Recreational vehicles, ranging from bus-sized motor homes to retro trailers, have been a boom-and-bust industry since they first became popular in the early 1970s. Now a wave of reti...
Regulators may be skeptical of the burgeoning ICO market, where outright fraud isn’t uncommon, but that isn’t stopping some of the world’s largest audit and consulting firms from trying to win their business. PWC revealed that it will begin accepting payment for its consulting services in bitcoin because it is increasingly working with startups in the city involved in cryptocurrencies and blockchain, the open-ledger technology that processes bitcoin transactions by logging them on a public record. The firm also noted its advisory work for initial coin offerings – which typically collect payment in bitcoin and Ethereum – along with ...
Talking Points: U.S. stocks reacted violently on Friday to Flynn/Trump headline; next week we have jobs data on Friday DAX hanging on by a thread, looking lower in the week ahead; no major data on the docket FTSE weak and in need of support, or else in danger of dropping a good distance lower S&P 500 On Friday, markets were struck with significant volatility when it was announced that President Trump’s former national security adviser, Michael Flynn, pleaded guilty to the FBI for previously lying about involvement with the Russians. This will certainly be on the market’s mind heading into next week, potentially putting a damper-eff...
What the “heck” was that? This past week seemed to be the story of Christmas coming early. Earlier this week the markets surged higher on hopes that “Ole’ St. Tax Cuts” would soon be here. But that dream seemed to be short-lived on Friday, at least at the open, as General Mike Flynn seems to embody the “Grinch”trying to steal Christmas. But at the end of it all, not much actually changed. Well, except for the fact that volatility not only made an appearance as stock prices swung wildly in both directions, but also in Treasury rates. As expectations of tax reform grew, rates spiked higher but then sank just as quickly as fea...
I am a fan of using Google Trends for understanding the dynamics of financial markets. I have specifically used it in the past for analyzing extremes in sentiment and trading on gold. Given Bitcoin’s latest historical surge – this time through $11,000 – I wondered whether Google (GOOG) searches were increasing alongside the price of Bitcoin. Sure enough, Bitcoin searches have taken off this year, especially since April. I added search index data on cryptocurrency and blockchain for reference. The data are worldwide and include all search categories. After a two-year lull, Google searches on Bitcoin have picked up steam. The surge to al...