Category Archive: Finance
E Metals And Miners Collapse
Our resolve was tested last week as metals and miners utterly collapsed. The price action was extreme and had a climatic feel. Prices reversed on Friday, and I think we will see, at least, a 1-2 week rebound as the Dollar descends into a cycle low. I will need to measure the next rally for […]
Tech Stocks: What’s Hitting Semis?
Semiconductor stocks have been weak of late after a recent Morgan Stanley downgrade and some negative data-points. While the stock market is close to all-time highs the semiconductor chart (SMH) is struggling. We pointed out semiconductor technicals being week in early July and they have continued to under-perform. Weak Action Last Week While the rest of the stock market was […]
USDJPY Weekly Analysis – Sunday, August 19
USDJPY broke below the falling trend line on the daily chart and is now in the downtrend from 113.17. A further decline could be expected in a couple of days and the next target would be at the 108.00 area. Resistance is at 111.50 and 113.17, only a break above these levels could trigger another […]
Emerging Markets: Preview Of The Week Of Aug. 20
EM FX stabilized last week as the situation in Turkey calmed somewhat. Reports Friday that the US and China are hoping to resolve the trade dispute also helped EM FX ahead of the weekend. However, TRY remains vulnerable as the US threatens more sanctions due to the pastor. Both S&P and Moody’s downgraded it ahead […]
Weekly Trading Forecast: US-China Trade Talks And A Rebound In Equities Warms Speculative Interest For Next Week
US Dollar Forecast: US Dollar Rally May Resume on Fed Minutes, Jackson Hole Symposium The US Dollar fell from an 18-month high on hopes for trade war de-escalation. August’s FOMC meeting minutes and the Jackson Hole Symposium may revive the rally. Euro Forecast: EUR/USD Vulnerable to Dovish ECB Minutes, Hawkish Fed Symposium The Fed’s Economic Symposium may curb the […]
E Markets: Lightness
For most investors and traders with grey hair, the phrase “history repeats itself or at least rhymes” dominates risk and portfolio management. The hope that started last week was that the crisis in Turkey was idiosyncratic and a buying opportunity for the divergent emerging markets. The move beyond 7.20 TRY led to a contagion trade […]
Trading Support And Resistance – Sunday, August 19
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
How To Manipulate People With Interest Rates
Most experts agree that through the manipulation of short-term interest rates, the central bank by means of expectations regarding future interest rate policy, can also dictate the direction of long-term interest rates. In this way of thinking expectations regarding future short-term interest rates are instrumental in setting the long-term rates. (Note the long-term rates are […]
Growing Reluctance To Move: Job Relocations Down
Despite a tight labor market with numerous openings, there’s a growing reluctance to move. The Wall Street Journal reports Fewer Americans Uproot Themselves for New Jobs. Fewer Americans are moving around the country to pursue new work opportunities, as a tighter labor market and changing family ties make people less willing to uproot their lives for […]
Weekly Market Outlook – The S&P 500 Is Hot – The Nasdaq…Not So Much
The market managed to end the week on a high note, reversing course from the week’s initial tumble, pivoting in the middle of Wednesday’s action to finish Friday 0.6% above the prior Friday’s final trade. It wasn’t exactly the ideal recovery move though. Volume was light on the way up – and getting lighter – […]
