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Oil-Related Plays Reverse Post-Election Gains

Oil-Related Plays Reverse Post-Election Gains

The big story coming out of the November presidential elections was the flurry of “Trump Trades” that soared on an incremental surge of optimism and expectations. Now the growing story includes the sprouting list of trades that have completely reversed post-election gains. The recent rapid decline in oil prices on the heels of surging U.S. […]
S&P Futures, Global Stocks Rise Ahead Of The Fed; Oil Rebounds

S&P Futures, Global Stocks Rise Ahead Of The Fed; Oil Rebounds

It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude […]
Sensex Finishes Flat Ahead Of Fed Outcome; Idea Surges 9%

Sensex Finishes Flat Ahead Of Fed Outcome; Idea Surges 9%

Share markets in India finished flat as the sentiment turned tepid ahead of the outcome of the US Federal Reserve’s meeting later in the day. At the closing bell, the BSE Sensex stood lower by 45 points, while the NSE Nifty finished down by 2 points. Sensex Is Fairly Valued If we look at the historical valuations of the Sensex, […]
EC
                        
                        Talking About Irrational Exuberance

EC Talking About Irrational Exuberance

Bob Shiller is concerned about the rise of “everything is different” chatter. Seeing parallels in the dot-com bust in 2000-2002 with current conditions, the Yale Professor tells Bloomberg that the equity market looks frothy, based on his calculation of the cyclically-adjusted price-earnings ratio (CAPE). Shiller’s valuation metric is now at 29.77, based on the current calculation — the […]
Dollar Traders Wary Ahead Of Fed

Dollar Traders Wary Ahead Of Fed

Wary FX traders kept the US Dollar subdued as they await the latest policy update from the Federal Reserve Bank. Analysts expect that the Fed is likely to raise interest rates at the conclusion of the policy meeting, with investors of Fed Funds futures pricing in a 90% likelihood. The question, however, is how many […]
EUR/USD: The Euro Has Stabilised Around 1.0600

EUR/USD: The Euro Has Stabilised Around 1.0600

Previous: On Tuesday, trading on the euro closed in negative territory. The price corrected by around 61.8% after a rally from 1.0525 to 1.0714. During the US session, the euro weakened against the dollar to 1.0600. The EUR/USD broke the support at 1.0628 as the euro index slid (euro sales on the crosses) and US […]
Better Dividend Achiever Utilities: Duke Energy Or Xcel Energy?

Better Dividend Achiever Utilities: Duke Energy Or Xcel Energy?

Income investors should consider adding some U.S. utility stocks to their portfolios. Utilities are extremely stable. Electricity and gas are defensive industries. They see continuous demand, even during recessions. This allows them to be consistent dividend payers over long periods of time. Duke (DUK) and Xcel (XEL) are both Dividend Achievers, a group of 271 […]
Greenback Softens Ahead Of FOMC

Greenback Softens Ahead Of FOMC

The US dollar is paring yesterday’s gains as the market awaits the outcome of the well-telegraphed FOMC meeting.In recent weeks, the combination of data and official comments have swayed market, which had previously anticipated a hike in May or June.    A hike today is as nearly a foregone conclusion as these things can get. […]
China’s Market News: High Costs, Low Sales Challenge Chinese Producers

China’s Market News: High Costs, Low Sales Challenge Chinese Producers

This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources. – Yuan’s overnight borrowing cost, HIBOR O/N, bounced up on Tuesday following a drop on Monday. – Fixed assets […]
EURJPY Elliott Wave View: Pullback In Progress

EURJPY Elliott Wave View: Pullback In Progress

Short term Elliott Wave view in EURJPY suggests that the pair has ended the cycle from 2/24 low (118.18) and the instrument is pulling back to correct that cycle before turning higher again. Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as an ending diagonal Elliott wave structure […]