Photo by Michelle Spollen on Unsplash The Canadian Dollar eased across the board on Friday. Canada sees only mid-tier data looking forward. CAD set to end a second week down against the Greenback. The Canadian Dollar (CAD) found little support on Friday, easing back against most of its major currency peers as global markets focus on US inflation figures. Investors continue to hinge overall sentiment on whether or not the Federal Reserve will (Fed) deliver a September rate trim, which at the current cut is fully priced into markets.The Bank of Canada (BoC) has delivered two quarter-point rate cuts in 2024, and CAD traders will essentially...
Image Source: DepositPhotosThis video will show you what is expected of the Bitcoin market based on the technical analysis. Which support and resistance levels are in front of the BTC price and which breakout is gonna happen? Based on the technical analysis this video analysis on BTC | Bitcoin will show you what to expect.Video Length: 00:04:13More By This Author:Gold Trading Strategy Today – Friday, July 26 Gold Trading Strategy Today – Thursday, July 25 Gold Trading Strategy For Wednesday, July 24...
Image Source: Unsplash AUD saw a marginal recovery on Friday but was one of the worst-performing G10 currencies. Falling commodity prices and Chinese economic woes weighed on the Aussie. The USD remains steady after mixed PCE figures. In Friday’s session, the Australian Dollar (AUD) slightly recovered against the USD, as AUD/USD rebounded to 0.65515 due to corrective activities after intensive sell-offs in the previous sessions. The continual weakness in China’s economy paired with depreciating iron ore prices remain the significant contributor to the AUD’s dynamic performance.Despite the visible vulnerability in the Aust...
Below are some of the most interesting things I came across this week. The combination of extreme valuations and rising dispersion is a classic sign of a stock market top. Corporate insiders are certainly behaving in a manner consistent with that appraisal. Perhaps they understand better than most that analyst estimates are just far too optimistic and will soon be revised down to match falling consumer sentiment. For this reason, it may make sense to ensure portfolios are adequately diversified, including a healthy allocation to real assets. Investors have been shunning commodities, specifically, due to fears regarding the economic cycle but...
Image Source: Unsplash Market participants showed their disappointment with last Tuesday’s results from two of ‘The Magnificent 7’ stocks: Google parent Alphabet (GOOGL – Free Report) and Tesla (TSLA – Free Report).The worrisome aspect of the market reaction to these two reports, particularly to the Alphabet release, is that this could be a precursor of what to expect this week from four other members of the group – Microsoft (MSFT – Free Report) on Tuesday, July 30th, after the market’s close (AMC), Meta Platforms (META – Free Report) on Wednesday AMC, July 31st, Amazon (AMZN – Free Repo...
Image Source: Pexels Alhambra CEO Joe Calhoun recaps the markets for this week, as well as the latest DARP update.Video Length: 00:09:50More By This Author:Small Crap Or Small Cap? Aging Populations Are InflationaryTrump, Trade, And The Dollar...
Back in 2010, I predicted that India would have the world’s largest economy (in PPP terms) within 100 years. A few months later, I moved up the predicted date to 2081. Based on this graph, I’d now say some time in the 2060s: Today, India and China both have a bit over 1.4 billion people. But look at the disparity in births! India has 23.2 million births, whereas no other country has even 9 million. By the 2060s, those Indian babies will be 40 years old, right in the prime age for working. As long as India can get its productivity up to half of China’s level (which seems doable in the long run) then it should surpass China in GDP (PPP)...
Image Source: UnsplashStocks rallied a bit after the big decline but flopped a bit into the close.The Dollar chopped sideways.Gold bounced, silver held its own.VIX dropped. Risk is not a sentiment that this market embraces.Non-Farm Payrolls and the FOMC meeting next week as indicated in the calendar below.Have a pleasant weekend.More By This Author:Stocks And Precious Metals Charts – U.S. Dollar Stocks And Precious Metals Charts – NFP Next Week Stocks And Precious Metals Charts – In The Heart Of Darkness...
As of today: For comparison, here is the y/y (official) inflation rate (through June). With the policy rate at 18%, and y/y inflation at 8.6% (through June), we have in essence a contractionary monetary policy. The ex-post real rate was 7.4% in June. Assuming adaptive expectations, the ex ante real rate for August onward is about 9.4%…(Central Bank of Russia projects 9% inflation in July).The combination of extremely expansionary fiscal policy (with heavy emphasis on war industries) plus supply shocks (sanctions on critical inputs, emigration, conscription) requires tight monetary policy in order to keep inflation under control.For more on ...
It started in 2022 with perplexity.ai, which (when it was working great) allowed you to do 10 minutes of Google searches in about 10 seconds. Google’s answer? AI Overviews, which got everyone’s knickers in a knot because there were no links, which meant no revenue for content creators or publishers. Now, there’s OpenAI’s newly announced SearchGPT, which will not only present links, but also organize and contextualize information with summaries, insights, and detailed answers. To quote Yoda: “Begun, the search wars have.”SearchGPT’s interface begins with a user-friendly prompt: “What are you looking for?” and includes feature...