The economic situation in Turkey has been a powder keg for months, and it’s finally found a spark. While investors have never truly trusted Turkish President Recep Tayyip Erdogan, he’s shredded his last vestiges of credibility in recent months by appointing his son-in-law as the country’s finance minister and espousing his belief that lower interest […]
TRY as it might, Turkey can’t stop its currency meltdown Read More »
After this morning’s big moves in the Turkish Lira, euro and pound, and the sizeable stock market falls, more volatility is expected in the early North American session. That’s because we will have important data from both the United Staes and Canada, making the U.S. dollar/Canadian dollar (USD/CAD) currency pair a particularly interesting pair to
USD/CAD at key juncture ahead of US CPI and Canadian jobs data Read More »
In this more or less quiet week, concerns that the worsening situation in Turkey could have a contagion effect on the Eurozone, particularly lenders, and other parts of the world grabbed precedent during the last 24 hours. We believe that low volume this week has exacerbated moves in currencies and equity markets. …read more From::
Daily markets morning round-up: E-mini S&P, gold & crude Read More »
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Thursday, Aug. 9, 2018. …read more From:: Resource Investor
Daily Price Action: E-mini S&P 500 Read More »
By Cecilia Jamasmie Chile’s owned Codelco, the world’s No.1 copper producer, has approved a scaled-back version of an ambitious, but necessary plan to convert its open pit Chuquicamata mine into an underground operation. Century-old Chuquicamata, the company’s second largest copper operation by size, is running out of profitable ore and has to switch to an
Codelco goes ahead with scaled-back underground extension of Chuquicamata Read More »
Global stock markets are rattled as the President of Turkey, Recep Tayyip Erdogan, is running his economy into the ground, raising contagion fear surrounding other European nations. Initially, crude oil was following the stock markets down, but then turned positive on a report from the normally more bearish leaning International Energy Agency, which is warning
Crude: Turkey lays an egg Read More »
By Cory댊 The European Banking Issues Intensify Some interesting market moves today. With Turkey continuing to struggle and an increase of tariffs from Trump, this has fears in a couple European banks escalating. Chris Temple joins me to discuss how the above factors are resulting a fear trade quartet. Download audio file (2018_08_10-Chris-Temple.mp3) Click here
Chris Temple from The National Investor – Fri 10 Aug, 2018 Read More »
By Cory댊 What Will It Take To Truly Turn The Resource Sector John Kaiser, Founder of Kaiser Research joins me to share his thoughts on what has to happen to turn the overall resource sectors. We discuss the recent financial results out of the majors and a couple M&A deals that were announced int he
John Kaiser Exclusive – Fri 10 Aug, 2018 Read More »
By Bloomberg News Barrick Gold Corp. Executive Chairman John Thornton says the Canadian miner is looking at its copper assets “very seriously” to see if it makes sense to form a copper company with one or two partners, most likely from China. “The question for us on copper is, ‘Can you take the copper assets,
Barrick ‘was almost dead’: Thornton pulls no punches on gold miner’s missteps Read More »
By Michael Allan McCrae While the Canadian unemployment rate dropped to a four-decade low at 5.8% in July, the resource sector actually gave up jobs in during the same month says Statistics Canada in its Labour Force Survey released today. Employment rose by 54,000 last month driven by gains in part-time work. Employment rose in
Rosy Canadian jobs report gets no help from resource sector Read More »
