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What To Expect From Bank Of England Tomorrow

What To Expect From Bank Of England Tomorrow

Oct 31, 2018 Finance 0

With Brexit still not reaching an agreement, which poses a downside risk, short GBP/JPY?  BoE is widely expected to keep its interest unchanged tomorrow as Governor Mark Carney made it clear during the last meeting that they had no plans to tighten.  During BoE’s last meeting, Governor Carney spoke of the possible scenarios that would […]
Gold Prices Fall As Dollar Gains, Stocks Rebound

Gold Prices Fall As Dollar Gains, Stocks Rebound

Oct 31, 2018 Finance 0

Gold prices fell $7.06 an ounce on Tuesday as a rally in the dollar put downward pressure on gold. A rebound in the U.S. stock market also dented safe-haven demand for gold. Global stock markets were mostly higher yesterday. Traders are now awaiting Friday’s non-farm payrolls report, which is the most important U.S. data point […]
Bonds Still Can’t Compete With Stocks

Bonds Still Can’t Compete With Stocks

Oct 31, 2018 Finance 0

The Equity Risk Premium (ERP) is a handy way to compare valuations of equity with fixed income. It compares bond yields with the earnings yield on stocks (the earnings yield is reciprocal of the price/earnings ratio). Six years ago, when the Fed was well into quantitative easing and bond buying, it gave a clear signal […]
Bond Bull Bull

Bond Bull Bull

Oct 31, 2018 Finance 0

On February 12, 1999, the Bank of Japan announced that it was going full zero. Japan’s central bank would from that day forward push the overnight uncollateralized lending (interbank) rate to the zero lower bound. Further, it pledged to keep it there until Japan’s economy recovered. The economic slump in the nineties had been by […]
Above The 40 – A Bullish Divergence Transforms To A Near End To Oversold Conditions

Above The 40 – A Bullish Divergence Transforms To A Near End To Oversold Conditions

Oct 31, 2018 Finance 0

AT40 = 17.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 10th day of oversold period following 4-day oversold periodAT200 = 29.5% of stocks are trading above their respective 200DMAsVIX = 23.4Short-term Trading Call: bullish CommentaryThe small bullish divergence to start the week received follow-through in the form of a big rally day in the […]
US Elections May Trigger Major Market Bottom – Part II

US Elections May Trigger Major Market Bottom – Part II

Oct 31, 2018 Finance, No picture 0

The clock is ticking on our expected bottom formation and now is the time for skilled traders to begin to position their trades for the remainder of 2018 and early 2019. We detailed why we believe the US equities markets have already, or are currently, hammering out a price bottom after the last few weeks […]
Sentiment Is Extremely Bearish, Setting Up The Stock Market For A Nice Rally

Sentiment Is Extremely Bearish, Setting Up The Stock Market For A Nice Rally

Oct 31, 2018 Finance 0

For the first day in 2 weeks, the U.S. stock market did not selloff in the final hour of trading yesterday. Let’s analyze the stock market’s price action by objectively quantifying technical analysis. For the sake of reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ […]
Chart: China PMI – Soft But Soft Enough?

Chart: China PMI – Soft But Soft Enough?

Oct 31, 2018 Finance 0

With China’s economy under pressure on a number of fronts, the PMI takes on a new level of importance – particularly so as global markets come under pressure and with China growing to become the world’s second largest economy… it makes sense to place due attention here. On with the results. The manufacturing PMI fell […]
AUD/USD Weekly Analysis – Wednesday, Oct. 31

AUD/USD Weekly Analysis – Wednesday, Oct. 31

Oct 31, 2018 Finance, No picture 0

AUD/USD remains in the short term uptrend from 0.7020. Further rally is still possible in a couple of days and next target would be at 0.7150 area. Support is at 0.7020, only a breakdown below this level could trigger another fall towards 0.6900.
Did The Market Have A Soft Landing On Support?

Did The Market Have A Soft Landing On Support?

Oct 31, 2018 Finance 0

Yet another day where all four indices had inside days (when the trading range is within the trading range of the day before). This feels a bit like deja vu all over again.  On October 25th, after reporting the same technical setup as today’s I wrote, “This is typical after a huge range and must […]