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NZDUSD: How Will The Pair React To The FOMC Event?

NZDUSD: How Will The Pair React To The FOMC Event?

Key Points: Markets strongly pricing in the risk of a rate hike from the Fed. Dollar bulls may be disappointed as Fed likely to be cautious on forward guidance. Watch for sharp volatility during the FOMC risk event. The New Zealand Dollar is bracing itself ahead of the U.S. Fed’s FOMC decision but the pair […]
Stock Accumulations To Review

Stock Accumulations To Review

Finding stocks which have patterns of interest, is a sequence of filtering by math and eyeball chart scanning. We start with a large sample and end up with a small sample to act upon. Video Length: 00:12:41 NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a […]
Gold Trades In Narrow Range Ahead Of Fed Meeting

Gold Trades In Narrow Range Ahead Of Fed Meeting

Gold prices ended Tuesday’s session down $5.01 but remained within the trading range of the past four days as the majority of market participants opted to remain on the sidelines ahead of the Federal Reserve’s policy meeting, where the central bank is expected to hike interest rates. Gold prices are trading slightly higher during the […]
Gold Prices May Rise As Fed Clings To Status Quo After Rate Hike

Gold Prices May Rise As Fed Clings To Status Quo After Rate Hike

Gold prices edged lower as the US Dollar recovered from post-NFP losses but remained well within their near-term range. Traders were probably reluctant to commit to significant trend progression ahead of the upcoming FOMC policy announcement. The priced-in probability of a rate hike implied in Fed funds futures stands at 100 percent. This means the increase itself may have […]
It’s Never Been Cheaper To Hedge Highly Speculative Tech Companies

It’s Never Been Cheaper To Hedge Highly Speculative Tech Companies

While many have noticed the demise of volatility in the US equity markets – 104 days without a 1% drop, plunge in VIX, record low monthly ranges – it is the most highly speculative and most over-valued companies that appear to be the biggest beneficiaries of peak animal spirits. It has never been cheaper to hedge […]
China Starts 2017 With Chronic, Not Stable And Surely Not ‘Reflation’

China Starts 2017 With Chronic, Not Stable And Surely Not ‘Reflation’

The first major economic data of 2017 from China was highly disappointing to expectations of either stability or hopes for actual acceleration. On all counts for the combined January-February period, the big three statistics missed: Industrial Production was 6.3%, Fixed Asset Investment 8.9%, and Retail Sales just 9.5%. For retail sales, the primary avenue for […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, March 15

S&P 500 And Nasdaq 100 Forecast – Wednesday, March 15

S&P 500 The S&P 500 fell a bit during the day on Tuesday, but we still have plenty of support just below. I believe the 2050 level underneath it should be rather supportive, just as the 20-day exponential moving average just underneath that level should be. Because of this, I’m waiting to see a buying […]
Atmospheric CO2 And The Global Economy

Atmospheric CO2 And The Global Economy

It has been just over a year since we last featured an update to our chart that correlates the change in atmospheric carbon dioxide with the relative health of the Earth’s economy. We haven’t been holding back because we didn’t want to share what we were seeing – we were holding back because large El Niño-related wildfires […]
Sensex Remains Volatile; IT Stocks Drag

Sensex Remains Volatile; IT Stocks Drag

After opening the day on a cautious note, share markets in India have continued to remain range bound and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and stocks in the realty sector leading the gains, while stocks in the IT sector are trading in red. The BSE Sensex is trading […]
Goldman Downgrades Stocks One Day Before The Fed: “Asymmetry For Equities Is Getting Worse”

Goldman Downgrades Stocks One Day Before The Fed: “Asymmetry For Equities Is Getting Worse”

After numerous warnings from Goldman strategist David Kostin that stocks are expensive, most recently over the weekend when he wrote that”Goldman strategist on their expectation of upside to 2017 EPS forecasts as they face the reality that the accretive impact from tax reform will not occur until 2018″ and that “revisions to consensus EPS forecasts during the past […]