Saturday, February 1, 2014

Weekly Indicators for January 27 - 31 at XE.com

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  - by New Deal democrat My column describing Weekly Indictors  is up at XE.com What was relatively strong vs. what was relatively week...

International Week In Review: Despite the EM Rout, Some Surprisingly Good Numbers Edition

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This is over at XE.com
Friday, January 31, 2014

Recent News is Euro Negative in EUR/USD Trade

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This is up over at XE.com

Emerging Market ETF Has Stabilized For Now

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Above is a chart of the emerging market ETF.  While it has broken the 200 day EMA and pulled the lower EMAs through the 200 day EMA, pric...

Comparing personal consumption expenditures with real retail sales: an update

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  - by New Deal democrat A couple of years ago I wrote a few posts describing how, if you compare PCE's with real retail sales, you g...
Thursday, January 30, 2014

A Review Of Recent Extraordiary Emerging Market Central Bank Action

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This is over at XE.com

NEWS FLASH: Real residential investment *declined* in the 4th quarter

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  - by New Deal democrat From the BEA: Real residential fixed investment decreased 9.8% [in the 4th quarter of 2013]. Are all you Do...

Flight to Safety Since January 1

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Above are four charts, all of which are from US treasury market ETFs.  The IEIs are for the 3-7 years, IEFs for 7-10 y...
Wednesday, January 29, 2014

Q.: What's the politically correct word for "mentally retarded?" A.: Apparently, "Peter Schiff"

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  - by New Deal democrat According to  Business Insider , last night Euro Pacific Capital president Peter Schiff actually took the positi...

A reminder about housing sales and prices

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  - by New Deal democrat House prices show a lot of seasonality, so the only good way to keep track of them is YoY, and YoY price increas...

Indian ETF Hitting Resistance

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The top chart is the daily Indian ETF chart, while the bottom is the weekly chart.  Both charts show the market hitting resistance in ...
Tuesday, January 28, 2014

The housing slowdown has already begun

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  - by New deal democrat With yesterday morning's surprise -50,000 month/month decline in new home sales, the 2013 housing data is in...

Australian ETF Breaks Support on Weekly Chart

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Above is a weekly chart for the Australian ETF.  It had been consolidating in a triangle formation which lasted about 9 months.  But pric...
Monday, January 27, 2014

What the Heck is Happening In the Markets?

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This is up over at XE.com

The International Sell-Off In Perspective

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As we start this week, we should look at the price action from the end of last week, as this will have a strong impact for the next few trad...
Sunday, January 26, 2014

International Economic Week in Review: Emerging Market Sell-off And US Profit Taking Edition

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This is up over at XE.com
Saturday, January 25, 2014

Weekly Indicators for January 20 - 24 at XE.com

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  - by New Deal democrat Weekly Indicators for this week  are up at XE.com . One week ago rail traffic and consumer spending took a big...
Friday, January 24, 2014

The exception to the rule about interest rates and housing: "Buy now or be forever priced out"

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 - by New Deal democrat As I have written extensively in the last several months, a rise in interest rates has almost always - 17 of 21 ca...
Thursday, January 23, 2014

Existing home sales down YoY and down 10% from high for second month in a row

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  - by New Deal democrat Let me be the first to say that, of the measures of the housing market, existing home sales are the least import...

Meeting Minutes Indicates BOE Is In No Hurry to Raise Rates

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This is up over at XE.com