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One Year To Brexit, The Struggle Continues

One Year To Brexit, The Struggle Continues

In marking a year to go until the United Kingdom leaves the European Union, British Prime Minister Theresa May vowed on Thursday to keep the United Kingdom “strong and united” after Brexit.  The exit is scheduled for March 29, 2019, and British trade minister Liam Fox told the BBC on Thursday that he will not […]
Bonds And Stocks Are Firm, While The Greenback Consolidates Upticks

Bonds And Stocks Are Firm, While The Greenback Consolidates Upticks

The choppy US equity session yesterday, ultimately ending with modest losses as the tech sector remained under pressure, has been shrugged off in Asia and Europe, where modest gains have been seen. The dollar is little changed after yesterday’s gains, and bonds are mostly firmer.  With the calendar effect and the approaching Easter holiday, trading enthusiasm […]
Whiplashed Global Stocks, US Futures Limp Higher Ahead Of Long Weekend

Whiplashed Global Stocks, US Futures Limp Higher Ahead Of Long Weekend

After three days of violent moves and sharp intraday reversals, in a week that feels far longer than just 4 days in, even equities appear exhausted today, and have entered the slow drift into the Easter break with volatility and volume far more subdued than earlier in the week courtesy of a slowdown in the […]
USD/JPY Largest Single Day Rally In 14 Months!

USD/JPY Largest Single Day Rally In 14 Months!

Sell-off in yen leads to risk appetite returning, will the USDJPY 150 pips rally continue?  The dollar was one of the best performing currency yesterday as market’s confidence return as trade war tensions eased. Furthermore, North Korean leader Kim Jong Un met up with Chinese President Xi Jinping as rumored previously. Chinese state media reported […]
Why Bad News For Big Tech Is Bad For Stocks

Why Bad News For Big Tech Is Bad For Stocks

The FANG stocks have been taking quite a beating in recent weeks. So much so that just a handful of stocks are responsible for causing significant drops in major market indices. What are the FANG stocks? That’s an acronym that traders uses as shorthand to specifically describe the following firms that, until 2018, had handsomely rewarded investors in recent years. […]
Enjoy The Easter Bunny, Because Q2 Will Be Just As ‘Interesting’ As Q1

Enjoy The Easter Bunny, Because Q2 Will Be Just As ‘Interesting’ As Q1

It’s been a roller coaster of a quarter and I don’t think that was something most people expected. After all, 2018 (or at least H1) was supposed to be more of the same in terms of synchronized global growth and still-subdued inflation. More “Goldilocks” please. But all of that changed towards the end of January when […]
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                        The U.S. Recorded A Spectacular Surge Of New Jobs In The First Two Months Of 2018

E The U.S. Recorded A Spectacular Surge Of New Jobs In The First Two Months Of 2018

The Goldilocks narrative relating to the U.S. economy continued strongly into February. Indeed, the February payrolls report provided another round of good news for the American economy. Specifically, not only had job growth accelerated sharply, but there also was a modest deceleration in the year-over-year change in average hourly earnings from 2.8% in January to […]
GBEB Death Watch

GBEB Death Watch

A Word on 1987 Analogies – Why Even Bother? As our friend Dimitri Speck noted in his recent update, the chart pattern of the SPX continues to follow famous crash antecedents quite closely, but obviously not precisely. In particular, the decisive trendline break was rejected for the moment. If the market were to follow the 1987 analog […]
USD/JPY Bullish Reversal Retests Fib Support Levels

USD/JPY Bullish Reversal Retests Fib Support Levels

USD/JPY 4 hour The USD/JPY bullish price action broke above the resistance trend lines (red), which was a key decision zone for a bigger reversal or downtrend continuation. Price looks to choose for a bigger reversal and the bullish momentum could be (part of) a wave 1 (blue). A break below the 100% Fib level […]
Study: High Volatility Is Bullish For The Stock Market

Study: High Volatility Is Bullish For The Stock Market

The U.S. stock market’s recent volatility has been very high. We demonstrated in this study that high volatility is a short-term bearish sign but a medium-term bullish sign for the stock market. Here’s another way of looking at it. The S&P experienced 4 consecutive days of >1.5% movements (CLOSE vs. CLOSE $) from March 22 – 27, […]