Wednesday 14 October 2015

Top Tweets Today: 14/10/2015

So I've been following the Dollar Index for a while now and I highlighted the fact that we could see a pullback in price in the near term which would be bullish for commodities which has been the case over the last 2 weeks. However what does the index hold for the longer term view?

Andrew Nyquist founder and contributor of See It Market has presented great analysis of the longer term charts and believes that things may start perking up for the US Dollar in months to come. He highlights the fact that the dollar strengthened dramatically over a series of weeks and it would be prudent to expect the price to remain subdued for the time being so as to catch it's breath.

The most interesting chart I found was the potential bullish flag on the monthly that pinpoints potential price movements we could see with evidence supporting the near term pullback. However seeing that the monthly chart has only just broken out an extended downtrend (we talking years) it would seem the price is building up for the next move upwards.

The implication of this have a much wide ranging impact than simply the US. But what the current analysis suggests is that the bounce we've seen in commodity companies may not be the end of the rout we've seen happening over the last year. If the dollar has it's way we might even see mining stocks at levels below the lows made in 2009.
 It was announced that Playboy magazine will no longer post nude photographs of women anymore with Scott Flanders, CEO of Playboy saying

"You're just one click away from every sex act imaginable for free. And it's so passe in this juncture"

When thinking about what I could write about this story it got me thinking down the lines of the evolutionary nature of business and the way it forces every business at one time or another to adapt or die to be blunt. I think back to one of the biggest corporate insolvency shocks of our time, Kodak and how management's lack of change dealt them a severe blow that removed their presence from a world that had drastically evolved the concept of photography into the digital sphere.

The irony here is the imagery you'd associate with its founder, Hugh Hefner, who still contributes a large amount of his time to the company he started building in 1953, 62 years of legacy at stake that perhaps he'd be reluctant to change the format. But contrary to popular thought Mr Hefner is more than just a glamorous playboy, he's a shrewd businessman first, casanova second which puts this company on a stronger footing going forward.
In a contrasted view of the world, Northman Trader shows how the average Joe Soap on the street cares not for the seriousness of life and rather much prefers the entertaining part of things. What's more to say than point proven...

With US rates on a tipping scale, hikes can be started anytime soon yet for the average person in the street there doesn't seem to be much concern for, however the catch lies in the fact that the most affected people are mostly the average man in the street.
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