Image Source: Pixabay The EUR/JPY is trading into its highest bids since 2008, inches away from 164.00. A rebound in broad market sentiment is sending safe havens firmly lower on Tuesday. Up Next: Japan GDP in early Wednesday session. The EUR/JPY has hit its highest prices since 2008, a fifteen-year high for the pair as the safe haven Japanese Yen (JPY) falls back against the Euro (EUR). A broad market recovery in risk appetite fueled by a worse-than-expected US Consumer Price Index (CPI) printing is giving investors renewed hopes that inflation could be receding faster than the Federal Reserve (Fed) expects, meaning the US central ba...
Image Source: Unsplash Real estate agents have been slapped with a court ruling that their commission practices violate antitrust laws. CNN reported, “… the verdict handed down in a Missouri court on Tuesday that found NAR and two brokerage firms, Homeservices of America and Keller Williams Realty, were liable for $1.8 billion in damages for conspiring to keep commissions artificially high, may mark the beginning of the end of how homes are bought and sold.”The decision will be appealed, the defendants said, so not much will change for a while. But if the ruling is sustained, commissions will fall, low-earning agents will find other...
Image Source: Pexels Are you an “investor” or a “speculator?” Over the last month, we have discussed the “false market narratives” that push investors to make portfolio mistakes. Such is why we previously discussed the “Investing Rules” needed to navigate volatile markets.This past week, on the RealInvestmentShow, we discussed the difference between being an investor, like Warren Buffett, and a speculator, which is both you and I.In today’s market, the majority of investors are simply chasing performance. However, why would you NOT expect this to happen when financial advisers, the mainstream media, and Wall S...
Image Source: Pixabay Remember all that talk about demand destruction causing a collapse in oil prices? The funny thing about that is the data does not back it up.The International Energy Agency (IEA), which notoriously has underreported demand in the past, is now saying the global oil demand is going to hit a record high of 102 million barrels a day in 2023. Not only did the IEA talk about record demand but OPEC is talking record demand and raised its global oil demand growth forecast by 20,000 barrels a day for this year to 2.46 million barrels per day. Add to that reports that travel by planes, trains, and automobiles globally will blow...
Germany is one of the most important stock markets in the world.And what it does next could very well send an important message to stocks in the United States.As you can see in today’s long-term “monthly” chart of the German DAX index, the trend remains up.BUT… the index recently tested its old highs again at (2) and so far has not broken out. And weakness of late has it testing price support.A breakout at (2) would be bullish for Germany and the States.But, should price support fail at (3), it would send a negative message to Germany and the states. Stay tuned!!More By This Author:U.S. Dollar Ready For Next Move; Commodities And ...
Image Source: Pixabay The 2022 bond bear market was a unique event. All the major strategists were wrong – including me. This video shows some tactical indicators that could have warned investors about the uniqueness of the economic and financial trends affecting bonds.Video Length: 00:17:39More By This Author:Watch The Markets, Not The Fed The Business Cycle And The Financial Markets This Business Cycle May Very Well Surprise You...
Photo by Federico Beccari on Unsplash Recently a friend sent me a YouTube video from the Climate Town channel called Who Actually Controls Gas Prices? I must say that the guy in the video is accurate on most of the issues. He assigns cause and effect where it belongs.However, near the end of the video, he complained that after the Covid-19 pandemic and subsequent stay-at-home orders crashed oil prices, oil companies stopped drilling. He said that they would rather withhold production to make more money.Outside of the irony of a climate change activist complaining that not enough oil is being produced to keep prices low, he got this part...
Image Source: Unsplash European Aggregate Estimates and Revisions Third quarter earnings are expected to decrease 11.0% from Q3 2022. Excluding the Energy sector, earnings are expected to increase 0.7%. Third quarter revenue is expected to decrease 7.7% from Q3 2022. Excluding the Energy sector, revenues are expected to decrease 4.0%. 269 companies in the STOXX 600 have reported earnings to date for Q2 2023. Of these, 55.4% reported results exceeding analyst estimates. In a typical quarter 54% beat analyst EPS estimates. Download the full report here.More By This Author:Farfetch Turns Richemont Blessing Into A CurseInvestors Give A C...
Image Source: Pixabay As the trading day nears its close, Britain’s FTSE 100 is showing modest gains of 0.21% and remains close to the flatline. This comes as most major risk assets experienced a surge, following cooler-than-expected US inflation data. The data has led to increased expectations in the market that the Federal Reserve might be finished with raising interest rates. The FTSE 100’s modest gains reflect the broader sentiment in the financial markets at that moment, influenced by macroeconomic data and central bank policies, UK wages experienced a slight deceleration in their growth rate, although they continued to ho...
Photo by Claudio Schwarz on Unsplash The USD/CHF fell by more than 1%, settling around 0.8915. The USD weakened as markets are confident that the Fed won’t hike in December. Markets focus shifts to PPI and Retail Sales figures on Wednesday. The USD/CHF saw an impressive downward spiral on Tuesday, declining near 0.8915, seeing a loss of more than 1%, mainly driven by a broad US weakness following the report of October inflation figures from the US.According to the US Bureau of Labor Statistics (BLS), the US October Consumer Price Index (CPI) increased by 3.2% YoY, below both previous forecasts and the rate of its prior month. A...