The Weekly Bottom Line

The Weekly Bottom Line U.S. Highlights Fedspeak took center stage this week. Fed Chair Yellen delivered prepared remarks to Congress, where among other things, she acknowledged the uncertainty as to when inflation would rise back toward its target. Taken together with Governor Brainard’s comments, markets interpreted the tone as dovish, with long-term Treasury yields and…

Weekly Economic and Financial Commentary

Weekly Economic and Financial Commentary U.S. Review Key Economic Indicators Mixed in June All eyes were on Chair Janet Yellen this week as she gave testimony at the Semiannual Monetary Policy meeting to Congress. She reiterated components of the economy where the Fed is less certain about the path of growth, namely inflation. Retail sales…

The Weekly Bottom Line

The Weekly Bottom Line   HIGHLIGHTS OF THE WEEK United States Equity markets started off the week on a positive note. But the advance proved transitory as oil prices slid into bear territory, sending energy stocks and the main indices lower. With little in the way of economic data, Fed speeches took center stage. While…

Weekly Economic and Financial Commentary

Weekly Economic and Financial Commentary U.S. Review Buckle Up for the Oil Price Roller Coaster Ride Brent crude oil, the international benchmark, and West Texas Intermediate (WTI) fell below $45 per barrel during the week amid renewed angst about persistent oversupply. Since the beginning of the year, prices are down more than 20 percent. If…

Weekly Technical Outlook And Review: EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, USD/CHF, DOW 30, GOLD

Weekly Technical Outlook And Review: EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, USD/CHF, DOW 30, GOLD A note on lower timeframe confirming price action… Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand…