The late Mancur Olsen was a very accomplished academic economist who described the unfortunate tendency of vote-seeking governments to behave like “stationary bandits,” seeki...
USDCAD bounced strongly from 1.2623 and broke above 1.2750 resistance. Further rise would likely be seen in the coming days and next target would be at 1.2916. A breakout of this l...
The Chart of the Day belongs to Dollar General (DG).I found the discount retailer by using Barchart to sort today’s 52 Week High list first for the highest Weighted Alp...
Oil prices are probably headed higher in 2018, but higher oil production is likely to keep a lid on natural gas prices next year. In the previous post – Fear Will Drive Oil Pric...
The chaotic trading in cable continues, this time spiking to the upside after Bloomberg reports that the EU and U.K. have reached an agreement on the sensitive issue of the role o...
Bank of Canada sat tight today–no rate hike–seeing economy weakening into 2018.With the 10 to 2 year Canadian government yield spread now .36% versus .75 a year ago (red arrow)...
According to a survey conducted by the Reuters Institute Digital News, 13% of North American users surveyed used Google News as their weekly news aggregator. Reddit came a distant...
My Swing Trading Approach Not trusting the market here, unless it can show me it wants to play nice. I’ll add more positions to the long side, but the market needs to show it...
GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.3039. as long as the price is above the trend line, the pullback from 1.3549 could be ...
Jobless claims saw a slight decline this week, falling from a seasonally adjusted level of 238K down to 236K, but given that consensus forecasts were looking for a slight increase ...