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Bull Market Breather Or Beginning Of The End?

Bull Market Breather Or Beginning Of The End?

Stock markets have finally taken a breather over the last fortnight, although the S&P 500 has made a new, marginal, high this week. Cause for concern has been growing, however, in the bond markets where 2yr US bonds have seen a stately rise in yields. The chart below shows the constant maturity 2yr (blue) and […]
EUR/USD Awaits Wave-4 Retracement After Impulsive 3rd Wave Completes

EUR/USD Awaits Wave-4 Retracement After Impulsive 3rd Wave Completes

EUR/USD 4 hour The EUR/USD seems to be continuing the uptrend within a wave 5 (purple) of a larger wave 1 (pink). The Fibonacci levels could act as potential resistance for the end of wave 1. 1 hour The EUR/USD is probably building a wave 5 pattern (blue) within wave 5 (purple). For the moment […]
AUD/USD Daily Analysis – Friday, November 24

AUD/USD Daily Analysis – Friday, November 24

AUD/USD’s upside movement from 0.7532 extended to as high as 0.7638. Further rise is still possible and next target would be at 0.7650. Above this level could take price to next resistance level at 0.7729. Near-term support is at 0.7570. A breakdown below this level will suggest that the short-term uptrend from 0.7532 is complete, […]
(Continental) Europe Outperforms In 2017

(Continental) Europe Outperforms In 2017

Written by Sara Potter, FactSet Six months ago, we highlighted data showing that the eurozone appeared ready to emerge from the economic doldrums. Since then, the outlook for Europe as a whole has improved even more and growth projections have risen accordingly, with just a handful of exceptions, including the United Kingdom. The October 2017 World Economic Outlook […]
Volatility Accident? SNB Flashback? What Else Before 2018?

Volatility Accident? SNB Flashback? What Else Before 2018?

From a volatility accident to SNB flashbacks, these are some of the unexpected pitfalls that may strike the financial markets before year-end. A December to Remember? Historically, December is a consistently quiet month for the financial markets due to the abundance of market holidays and the need among funds to balance the books. However, I […]
India’s $207 Billion Mess Is Once-In-A-Lifetime Opportunity For Asia’s Richest Banker

India’s $207 Billion Mess Is Once-In-A-Lifetime Opportunity For Asia’s Richest Banker

In October, we discussed Indian Prime Minister, Narendra Modi’s, decision to hand over $32bn to recapitalise India’s state banks. The motivation was India’s slowing growth rate and the need to add one million Indians to the workforce every month. Crippled by massive bad debts, the state-owned banks were struggling to extend more credit to the economy. The announcement […]
Oil Jumps To 2-Year High On Inventory Drop, Keystone Closure

Oil Jumps To 2-Year High On Inventory Drop, Keystone Closure

The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a lower-than-expected weekly draw. On a further bearish note, the report revealed that refined product inventories, gasoline and distillate, both rose slightly from their week earlier levels. Meanwhile, refinery activity improved. However, the talking point from the data sets was the steady trend of […]
Purchasing Power Across The U.S.

Purchasing Power Across The U.S.

from the Philadelphia Fed — this post authored by Elif Sen and Adam Scavette Where you live can determine how far a dollar goes. But pay varies regionally, too. To get a true picture of an area’s affordability, it helps to understand regional price parities. It’s common knowledge that the cost of living varies drastically […]
Friday Should Be A Winner

Friday Should Be A Winner

Thanksgiving Wednesday was never going to generate an exciting day but it was good to see early week gains retained. Upcoming Thanksgiving Friday is typically a day when Junior traders go wild and decent gains are posted – even if trading volume is light. With last week’s lead action I wouldn’t be surprised if this pattern […]
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                        Thanksgiving Eve

E Thanksgiving Eve

It turns out that the difficulties I am facing with a check received in sterling which I am attempting to deposit to my US bank is not unique. The International IBAN (International Bank Account Number) numbering system which is supposed to enable people to transfer money within the Single European Payments Area (SEPA) often takes […]