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Australian Dollar Rides Out Broadly Stronger China Trade Data

Australian Dollar Rides Out Broadly Stronger China Trade Data

Talking Points: Chinese trade data came in broadly stronger However market reaction was muted The trade spat with Washington may have rendered these numbers too historic to be of interest The Australian Dollar showed little reaction to a broadly stronger set of Chinese trader figures Friday, perhaps because the ongoing tariff spat between Washington and Beijing has […]
Weekly S&P 500 #ChartStorm – April 15

Weekly S&P 500 #ChartStorm – April 15

It’s worth noting that the aim of the #ChartStorm isn’t necessarily to arrive at a certain view but to highlight charts and themes worth paying attention to. So here’s the another S&P 500 #ChartStorm write-up. 1. The Euphoriameter: First up is a look at what’s down and that’s the Euphoriameter, it has fallen 0.31 pts off the […]
BHP Billiton Upgraded To Buy From Neutral At Goldman Sachs

BHP Billiton Upgraded To Buy From Neutral At Goldman Sachs

Goldman Sachs analyst Eugene King upgraded BHP Billiton (BHP) to Buy with an increased price target of A$35.50. The analyst expects BHP’s cash conversion to reverse in the second half of 2018 following a disappointing first half of the year. BHP has a number of upcoming catalysts, including the divestment of its onshore assets, to […]
Weekly Forex Forecast – April 15

Weekly Forex Forecast – April 15

The US dollar has fallen during most of the week against the Canadian dollar, but towards the end of the week, we did start to see a bit of buying. I think that the 1.25 level will cause a bit of support, but more importantly we have a major uptrend line underneath that should continue […]
Who Is Nick Szabo?

Who Is Nick Szabo?

Nick Szabo, the inventor of smart contracts and Bit Gold, laid the foundation for the creation of Bitcoin. He defined smart contracts 14 years before Bitcoin. Then he theorized bits having value based on proof of work five years before Bitcoin. With degrees in both computer science and law, and an intense fascination in the […]
Expect More Pain, Much More Pain

Expect More Pain, Much More Pain

If you think you can hide out in ETFs or high growth stocks and weather the downturn, please think again. In case you failed to notice, investment sentiment has changed. The stock market struggles to go up on good news. Investors wonder if the Fed still has their back. Some think they can weather the […]
Emerging Markets: Preview Of The Week Ahead – April 15

Emerging Markets: Preview Of The Week Ahead – April 15

EM FX was mixed Friday, capping a mixed week as a whole.COP, CLP, and MXN were the best performers last week, while RUB, BRL, and TRY were the worst. While concerns about trade wars and Syrian missile strikes have ebbed, risks to EM remain elevated.US retail sales Monday and Fed Beige Book Wednesday are the […]
This Week In Stocks – Sunday, April 15

This Week In Stocks – Sunday, April 15

Our projection for the S&P 500 (SPX) in the coming week is for pullback in the S&P 500 to the support zone of 2616 – 2620. 
USD/JPY Rally May Be Just The Beginning- Forecast April 16-20

USD/JPY Rally May Be Just The Beginning- Forecast April 16-20

Dollar/yen rallied and reached the highest levels since February as everything went in favor of the pair. What’s next? The airstrikes in Syria may actually have a positive effect and then things depend on the Fed speakers, US retail sales and the mood of President Trump. USD/JPY fundamental movers The biggest driver forward of the pair is trade […]
ECB Tells Deutsche Bank To Simulate A “Crisis Scenario”

ECB Tells Deutsche Bank To Simulate A “Crisis Scenario”

In a stark reminder that despite all the operational and management turmoil over the past three years, few if any of the outstanding concerns involving Europe’s banking behemoth – Deutsche Bank, including €48 trillion in net notional derivatives, has been resolved. In its Monday edition, Suddeutsche Zeitung reports that the ECB has asked that Deutsche Bank […]