US stocks open with declines

Major indices are lowerThe major US stock indices are starting the day with declines: S&P is down -2.5 points or -0.09% Nasdaq is down -30 points or -0.44% Dow Jones industrial average is down -9 points or -0.03% Apple is leading the way down -2.5% on the day. The Christmas season was not as good […]

S&P/Case Schiller HPI for October 6.38% vs 6.25% est.

MoM gains 0.7% vs 0.6% estimate.The S&P Case Schiller HPI for October came in at +6.38%. That was higher than the 6.25% estimate.   The 6.38% gain is the largest YoY increase since July 2014. MoM rose 0.7% vs 0.6% estimate. The prior month was revised higher to 0.97% vs.0.52% previously The YoY was revised to […]

Bitcoin analysis for December 26, 2017

Bitcoin (BTC) has been trading upwarrds. As I expected, the price tested the level of $15.320. The latest story (again) on mainstream media meant to scare away uninformed people from using bitcoin is about the possibility of China taking over the cryptocurrency. This particular FUD (fear, uncertainty and doubt) meme was also publicized widely in […]

The yen created a Forex puzzle

Japan is called the Land of the Rising Sun for a reason. Not only does she get up early, but she also leaves Christmas sooner. Such a busy G10, which allows the consideration of yen as the most interesting currency of the week. It is true that one should make a reservation with internal macroeconomic […]