Get Ready for Gap Open in EUR-Crosses Thanks to French Election
Fundamental Forecast for EUR/USD: Neutral
– With French election results coming out before markets open up on Sunday, expect a sizeable gap in the EUR-crosses (results due out at 14:00 EDT; FX markets open at 17:00 EDT).
– The ECB policy meeting on Thursday, without new staff economic projections (SEPs), is pretty much an afterthought.
–... [Read more of this article]
The problem with trading Trump's tax 'plan'
You can’t trust the guy
The market didn’t make a big move on Friday on the news that Trump was going to be releasing his tax plan on Wednesday. The S&P 500 climbed about 5 points; USD/JPY rose 30 pips.
The reason is that the market wasn’t buying it. Trump isn’t going to release a ‘plan’ next week. It will be a... [Read more of this article]
A terrifying statistic on the retail workforce
E-commerce is coming for your job
Not all retail employees are threatened by online sales, but millions are.
Retail stores are nearing a tipping point, especially in the United States where retail floor space dwarfs other countries.
The US has 23 sq feet per capita of retail space (but as much as 46.6 sq feet). It’s difficult to come by reliable... [Read more of this article]
The Canadian housing market has gone absolutely foaming-at-the-mouth crazy
Here’s an example
Alright, this is an anecdote so take it for what it’s worth.
A house near me ‘went up for sale’ yesterday but it didn’t even make it to getting listed because someone heard about the impending sale and made a crazy bid.
To put things in perspective, a year ago, a very similar house up the same block... [Read more of this article]
You have to wonder what Exxon was thinking
Treasury denies special exemption for Exxon to drill in Russia
Maybe ExxonMobile has gotten its way for far too long.
You have to wonder what executives there were thinking. They applied to get a special exemption from Russia waivers so they could drill some new wells and were denied on Friday.
Has no one there read a newspaper for the past 5 months?
You... [Read more of this article]
Weekly Forecast: French Election, Trump Tax Plan, US GDP in Focus
Financial markets are set for a volatile week as first round of the French presidential election, a White House tax reform proposal and first-quarter US GDP data looms ahead.
US Dollar Forecast: US Dollar Bracing for French Election, Trump Tax Plan, GDP Data
The US Dollar looks set for a volatile week as the first round of the French presidential election,... [Read more of this article]
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