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The US Dollar Is (Still) A Key Factor For Emerging Market Returns

The US Dollar Is (Still) A Key Factor For Emerging Market Returns

It’s been a rough year for emerging markets. Stocks, bonds, and currencies in these countries have generally taken a hit in 2018. Not surprisingly, the US dollar has been strengthening. The lesson, once again, is that investing in emerging markets requires monitoring the greenback’s trend. Although foreign exchange may not resonate as a relevant risk […]
Transports-Potential Topping Patterns In Play, Says Joe Friday

Transports-Potential Topping Patterns In Play, Says Joe Friday

The chart looks at Transportation ETF (IYT) on a weekly basis. Its long-term trend remains up and nothing that has changed the trend. IYT peaked in January along with the broad markets and then fell where it tested short-term rising channel support, which held. Joe Friday Just The Facts Ma’am– IYT is testing its January highs, where […]
EURJPY: Weakens, Threatens Move Towards The 128.79 Area

EURJPY: Weakens, Threatens Move Towards The 128.79 Area

EURJPY pair looks to weaken further leaving the risk of a move towards the 128.79 zone on the cards. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On […]
Indian Indices End Day Flat; Pharma Stocks Top Gainers

Indian Indices End Day Flat; Pharma Stocks Top Gainers

After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day flat. Sectoral indices ended the day mixed, with stocks in the pharma sector and stocks in the IT sector leading the gains, while stocks in the metal sector lost the most. At the closing bell, the BSE Sensex stood lower by 45 points […]
Storms A Brewing

Storms A Brewing

Oil closed back above $70 a barrel as storms, both real and politically, started to develop. Already on the rise after U.S. oil supply fell 2.6 million barrels this week that raised even more concerns about the market’s ability to replace plunging Venezuelan oil production and Iranian exports, that reportedly are already falling oil supply. […]
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                        Markets: Bad Endings

E Markets: Bad Endings

End of August and the mood is sour with the usual set of geopolitical worries dominating – from Trump Trade to ECB rate hikes/QE ending, to Brexit and to EM FX chaos. This is not the way the summer bull rally story is supposed to end.The chance for a sequel into September beguiles but isn’t […]
Time For Intervention

Time For Intervention

Those of you who have been following markets closely these last few weeks have noticed that in addition to me traveling around a lot, a few of the emerging markets have been experiencing turbulence. The US economy has been performing phantasmagorically, which in turn is causing the Federal Reserve to tighten the screws on the […]
Rupiah Plunges To Asian Financial Crisis Low Amid Emerging Market Liquidation

Rupiah Plunges To Asian Financial Crisis Low Amid Emerging Market Liquidation

Despite four rate hikes by the Bank of Indonesia since May, Indonesia’s rupiah slid to a two-decade low, falling to 14,750 per dollar, a level last hit during the Asian Financial Crisis of 1998, and just shy of an all-time low, spurring yet another intervention from the central bank as the contagion from the collapse […]
CF Industries Shares Grew 75% Last Year. And Now?

CF Industries Shares Grew 75% Last Year. And Now?

This week I’m seeking a high-yield and growing stock from the basic materials sector.  That materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a large-cap agricultural […]
USDCAD Daily Analysis – Friday, August 31

USDCAD Daily Analysis – Friday, August 31

USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2887 could be treated as consolidation of the downtrend from 1.3174 and another fall towards 1.2800 is still possible after the consolidation. On the upside, a clear break above the […]