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EUR/USD Finding Reasons To Be Cheerful, Breaks Higher

EUR/USD Finding Reasons To Be Cheerful, Breaks Higher

The EUR/USD is trading above 1.1600, rising on the day. The market mood is more optimistic than earlier. The United States and the European Union have reportedly been making progress in the negotiations that started after the Trump-Juncker meeting in late July. Both sides aim to reach an accord in November. The positive tones in […]
Stocks Hit New Highs Despite Rotation Into Defensive Sectors

Stocks Hit New Highs Despite Rotation Into Defensive Sectors

Some investors transitioned from a “fear of missing out” (aka FOMO) at the beginning of the year to a worry that things are now “as good as it gets” – meaning that the market is in its last bullish move before the inevitable downturn kicks in. And now, escalating trade wars and a flattening yield […]
AUD/USD Daily Analysis – Tuesday, Sept. 11

AUD/USD Daily Analysis – Tuesday, Sept. 11

AUD/USD remains in the downtrend from 0.7381. Further decline could be expected after a minor consolidation and next target would be at 0.7000 area. Resistance levels are at 0.7140 and 0.7190, only break above these levels could signal completion of the downtrend.
Sensex Trades Flat; FMCG Stocks Lead Losses

Sensex Trades Flat; FMCG Stocks Lead Losses

After opening the day in green, share markets in India have traded on a volatile note and are presently trading below the dotted line. Sectoral indices are trading mixed with stocks in the FMCG sector and stocks in the consumer durables sector trading in red. While stocks in the banking sector are trading in green. The BSE Sensex is down by 45 points (down 0.1%) […]
How To Use Bollinger Bands To Predict Breakouts

How To Use Bollinger Bands To Predict Breakouts

Bollinger Bands are a favourite trading indicator among professional traders. Bollinger Bands were developed and made famous by legendary technical trader John Bollinger and are plotted 2 standard deviations away from a simple moving average. The usual moving average used is the 20 day. When market volatility increases, Bollinger Bands will widen and move further […]
Financial Services: Like The Entertainment And Gaming Industries?

Financial Services: Like The Entertainment And Gaming Industries?

Introduction In a recent reading of Validea’s Guru Investor Blog, a quote from Georgetown University finance professor James Angel struck home to me: “One of the open secrets of the financial-services world is that we’re also in the entertainment and gaming industry.” In order to see why the analogy fits, it is worth looking at the […]
The Rotation To Defensive Stocks Continues

The Rotation To Defensive Stocks Continues

With US markets holding at or near all-time highs there is a general rotation of money into more defensive stocks. Chris Temple and I discuss why money is flowing in that direction and where some of the worrisome signs are coming from. (Audio length 00:11:31)
“Monetary Buffers Depleted” – Boston Fed; Concerns Over Next Recession Mount

“Monetary Buffers Depleted” – Boston Fed; Concerns Over Next Recession Mount

In a recession, the Fed typically slashes interest rates 5 PP. No such buffer exists. A Fed study looks at the impact. One of the reasons the Fed seems desperate to hike rates is they want ammunition to cut rates when the recession hits. Typically, the Fed cuts rates by 5 percentage points, but when […]
Semiconductor And Tech Indices Bounce Off Support

Semiconductor And Tech Indices Bounce Off Support

Bulls stuck around for another day as triangle support held in the Semiconductor Index along with the Nasdaq. The Semiconductor Index returned above the 20-day MA but it came with MACD trigger ‘sell’. Relative strength vs Tech Indices flatlined from July but is attempting a turn higher, albeit quite erratically.    Nasdaq channel support held […]
Recession Risk Looms – When Nope Means Yes!

Recession Risk Looms – When Nope Means Yes!

While asset-gatherers, commission-takers, and Fed-tinkerers desperately shrug off the recessionary signal from a collapsing Treasury yield curve, there is another ‘spread’ that is screaming “trouble ahead”. The last few months have seen Philly Fed New Orders tumbling, but without a concurrent slowdown in Prices Paid. h/t @LeutholdGroup The spread between New Orders and Prices is […]