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Euro, Yen And Sterling Regain Footing

Euro, Yen And Sterling Regain Footing

The US dollar is trading with a heavier bias against the euro, sterling, and yen, but is firmer against the Antipodean currencies and many of the actively traded emerging market currencies.  This mixed performance is the story of the week.  The US 2-10 yr yield curve is flattening further today with the two-year pushing above 1.70% for the first time since the […]
Economic Data And Forecasts For The Weeks Of November 20 And November 27

Economic Data And Forecasts For The Weeks Of November 20 And November 27

Here are my forecasts for upcoming economic data.         Forecast Prior Observation Consensus   Week of November 20         November 20         Leading Indicators 0.4% -0.1 0.6             November 21         Chicago Fed National Activity Index – October […]
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                        SPX Declines To Short-Term Support

E SPX Declines To Short-Term Support

VIX rallied from its mid-Cycle resistance at 14.59 before closing above Long-term support at 11.11. VIX is on a buy signal. The inverted Head & Shoulders formation now has a completed right shoulder giving a potential target for the next move higher when the neckline is exceeded.   (Barrons)  The CBOE Volatility Index spiked to […]
Upcoming Earnings Reports To Watch: CRM, HPE, DE

Upcoming Earnings Reports To Watch: CRM, HPE, DE

We have already moved past the traditionally busy stretch of earnings season, but there are still several key reports to look forward to next week. So far, Q3 earnings have been strong across the board, so it will be interesting to see whether these reports will continue that trend and inspire strong trading for the […]
Understanding Forex Brokers: ECN, STP, ECN+STP

Understanding Forex Brokers: ECN, STP, ECN+STP

  Unfortunately, many people wrongfully associate Forex trading with a scam. The problem lies in the increasing number of unscrupulous companies marketing false info. The number of Forex-related scams has significantly increased over the past few years, so it’s important for you to be able to identify a hoax. After all, Forex trading should be […]
The Crisis Lending Fund

The Crisis Lending Fund

Last week, there was an article in Barron’s describing how many mutual fund families take advantage of a provision in the law allowing them to have funds lend to one another.Quoting from the article: Under normal circumstances the Securities and Exchange Commission bars funds from making “affiliated transactions,” but there’s a loophole in the Investment […]
Gold: The Battle Between The Bulls And The Bears Continues

Gold: The Battle Between The Bulls And The Bears Continues

  Fundamental Forecast for Gold: Neutral Gold remains stuck in a narrow trading range with neither the bulls nor the bears giving an inch, while both sides press for range break which is likely coming soon. We remain on the sidelines for now, although growing risk aversion has us leaning towards a long position on a […]
EUR/USD To 1.19 In 2017 And Beyond In 2018? Two Opinions

EUR/USD To 1.19 In 2017 And Beyond In 2018? Two Opinions

EUR/USD had a positive week, gaining some ground within the range. Can it extend its gains further? Here are two opinions: one for 2017 and the other for 2018: Here is their view, courtesy of eFXnews: EUR/USD: Price-Action Into Year-End; 1.19-1.20 Or Bust – ANB AMRO ABN AMRO FX Strategy Research discusses EU/USD outlook and […]
Central Bank Outlook Dominates 2018 Predictions

Central Bank Outlook Dominates 2018 Predictions

At the end of every year, Saxo Bank publishes its ten outrageous predictions for the year ahead, which tend to go against market consensus. Indeed, at the end of 2016, while consensus was calling for a continued economic recovery, Saxo was predicting a “departure from the ‘business as usual’” mentality that’s plagued businesses and central banks since the […]