Author Archives: Trading Advantage

U.S. investors in Canada’s medical marijuana industry are betting they will not fall under the scrutiny of U.S. law enforcement officers – but it is a risky bet. With marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as v…

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U.S. DEA ‘most interested’ in U.S. investors in Canadian marijuana firms

Late on Sunday evening, as the markets open in Asia for a fresh week’s trading, China will report its latest round of trade balance data. A number of nations rely on China for high proportions of their export revenues, and so the data will be closely watched by global markets in order to gauge th…

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Chinese Trade Balance Data Could Put Pressure on the Aussie

Outside of crisis periods — and we aren’t in one — the U.S. Federal Reserve normally behaves and speaks as if the U.S. is essentially a closed economy. Not so at its last policy meeting. The minutes released this week contain an unusual focus on both the world economy and the value of the dollar;…

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Why Is the Fed Thinking Globally?

Alarmed by faltering euro zone growth, top finance officials from around the globe on Friday were expected to press their European peers for action to avert a recession and ward off deflation. The International Monetary Fund, which cut its global growth forecasts for the third time this year ear…

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Europe’s weakness in global focus as recession fears gather

• GBP/JPY continues to move with in a declining channel. The hourly support at 173.44 (08/10/2014 low) is challenged. A more significant support stands at 172.99. Hourly resistances can be found at 175.15 (07/10/2014 high) and 175.91 (03/10/2014 high, see also the declining channel). • In the long…

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GBP/JPY – Challenging its recent lows

The Swiss National Bank has lashed out at the so-called “gold initiative” efforts to “Save Our Swiss Gold” unsurprisingly proclaiming it as a bad idea. As Ron Paul previously noted, “The gold referendum, if it is successful, will be a slap in the face to those elites,” and so the full-court press…

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Swiss National Bank Explains Why It Is Against Repatriating Gold

The Bank of Canada’s survey on the business outlook was released early. Balance of opinion on future sales 35 vs 24 prior Investment in machinery and equip 20 vs 24 prior Hiring intentions 44 vs 28 Price inflation expectations 9 vs 8 prior

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Canadian business optimism rose in Q3 – BOC survey

Portland, Oregon-based Wells Fargo branch employee Tyrel Oates emailed the bank’s CEO asking for a $10,000 raise for himself and his colleagues, the Charlotte Observer reported. He also CC’d 200,000 other Wells Fargo employees on the email to CEO John Stumpf. Talk about some chutzpah! Oates c…

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A Wells Fargo Employee Emailed The CEO Asking For A $10,000 Raise And CC’d 200,000 Other Employees

Portland, Oregon-based Wells Fargo branch employee Tyrel Oates emailed the bank’s CEO asking for a $10,000 raise for himself and his colleagues, the Charlotte Observer reported. He also CC’d 200,000 other Wells Fargo employees on the email to CEO John Stumpf. Talk about some chutzpah! Oates c…

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A Wells Fargo Employee Emailed The CEO Asking For A $10,000 Raise And CC’d 200,000 Other Employees

Against the backdrop of an uneven global recovery, which is also influencing the shape and strength of the euro area upturn, the ECB has been determinedly pursuing its mandate of maintaining price stability over the medium term for the euro area. Following four quarters of moderate expansion afte…

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Statement by Mario Draghi, President of the ECB, at the Thirtieth meeting of the IMFC

Get ready for more rough sailing! Just in case this week’s string of 200-point-plus swings in the Dow (three in a row and counting, now), whipsawing currencies, and collapsing oil prices didn’t already make it clear, volatility is back. It is going to make trading and investing a heck of a lot mo…

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Volatility is back and there’s no place to hide

Get ready for more rough sailing! Just in case this week’s string of 200-point-plus swings in the Dow (three in a row and counting, now), whipsawing currencies, and collapsing oil prices didn’t already make it clear, volatility is back. It is going to make trading and investing a heck of a lot mo…

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Volatility is back and there’s no place to hide

Thank you. As you may know, this is the centennial year for the Federal Reserve. On December 23, 1913, President Woodrow Wilson signed into law the act that created the Federal Reserve System, and on November 16, 1914, the 12 Reserve Banks officially opened their doors as independently chartered…

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Plosser: Communicating a Systematic Monetary Policy

The dollar retains a firm undertone, after yesterday’s recovery in the North American session from the week’s lows. For the first time in months, the dollar has lost ground against all the major currencies this week. The Japanese yen is the strongest, gaining about 1.7% against the dollar, he…

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Dollar Firms, but Focus is on Equity and Oil Meltdown

The dollar retains a firm undertone, after yesterday’s recovery in the North American session from the week’s lows. For the first time in months, the dollar has lost ground against all the major currencies this week. The Japanese yen is the strongest, gaining about 1.7% against the dollar, he…

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Dollar Firms, but Focus is on Equity and Oil Meltdown

Prices for U.S. imports fell 0.5 percent in September, after declining 0.6 percent in August and 0.3 percent in July, the U.S. Bureau of Labor Statistics reported today. Each of the 3 monthly decreases was led by falling fuel prices. The price index for U.S. exports also declined in September, d…

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US Import and Export Price Indexes – September 2014