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It’s Not Yet Time For Gold

It’s Not Yet Time For Gold

Last week we noted that Gold’s quarterly close would be a key marker for Gold’s immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break to the upside is unlikely and gold watchers will have to remain […]
Weighing The Week Ahead: Have Stock Prices Veered From The Fundamentals?

Weighing The Week Ahead: Have Stock Prices Veered From The Fundamentals?

The economic calendar has several of the most important reports. The managerial rosters will be back at full strength, perhaps after an extra day or two off. Investment committees will consider implications from Q1 results. Pundits will try to explain what it all means. They will ask: have stock prices diverged from the fundamental outlook? […]
A War To Trade More, Not Less – What’s Behind US-China Tariffs

A War To Trade More, Not Less – What’s Behind US-China Tariffs

Talking Points: The key issue of US-China trade tensions is how quickly China is moving towards a market-oriented economy. 2006 was a turning point for trade relations when the US believed China’s market liberalization slowed. Measures introduced by China between 2016 and 2017 rekindled concerns by the US, landing us in the situation we find the two countries in today. The Fundamental Question Underpinning US-China Trade Even […]
Study: The S&P Will Probably Break Down Below Its 200 SMA

Study: The S&P Will Probably Break Down Below Its 200 SMA

The S&P 500 is hovering just above its 200 day moving average right now. When the S&P 500 flirts with its 200 sma but doesn’t break below it, it usually breaks below this moving average soon. This is a short term bearish sign for the stock market but has no medium-long term implications. The 200sma […]
EUR/USD Forecast Apr. 2-6 – Will It Pick A Direction After Easter?

EUR/USD Forecast Apr. 2-6 – Will It Pick A Direction After Easter?

EUR/USD made a move to the upside but quickly returned to the known range. Will it pick a new direction now? Inflation figures and PMI data stand out as a new quarter begins.Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Germany’s inflation advanced in March but fell short […]
Week In Review: WuXi AppTec Plans $910 Million Shanghai IPO

Week In Review: WuXi AppTec Plans $910 Million Shanghai IPO

WuXi AppTec announced a $910 million IPO on the Shanghai exchange for the company’s core small-molecule CRO business (see story). China regulators approved WuXi’s prospectus in a short seven weeks, indicating that they are very eager to list the company, China’s largest CRO, on a domestic exchange. Two years ago, WuXi AppTec de-listed from the New York Exchange in a $3.3 […]
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                        Dollar: Trending Or Rangebound?

EC Dollar: Trending Or Rangebound?

One of the most basic but important questions traders have to ask themselves is whether the market they are looking at is trending or moving sideways. The tactics and tools vary according to the answer.  The turn of the calendar–a new marking period begins–offers an opportunity to look afresh at the price action. What makes a review […]
The Correction Continues

The Correction Continues

First, the good news. Despite all of the volatility over the last two months, a seemingly brutal quarter for investors came to an end with a staggering loss on the S&P 500 of -1.22% or about -0.76% including dividends. I know, it’s horrible. After all, the S&P 500 just broke a 9-quarter straight winning streak which […]
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                        Global Crude Oil Prices Have Increased, But The Discount On Canadian Oil Has Also Risen

E Global Crude Oil Prices Have Increased, But The Discount On Canadian Oil Has Also Risen

“The discount on the Canadian effective price (CEP) vis-à-vis WTI has risen to over US$20, more than double its 2017 average (US$9.61). Futures contracts currently suggest that the differential between WTI and the CEP will narrow to the US$15 range by the summer, in line with a return to full capacity of the TransCanada Keystone […]