Category Archive: Finance
What Else Needs To Be Said? Why It Will Continue, Cont’d
If the essence of modern eurodollar money is bank balance sheet capacity, then we need not wonder what has gone wrong or why. The very heart of this global currency system no longer beats so healthy and strong. Global banks shrink rather than expand at a breakneck pace, their desire to do the latter restrained […]
“This Is The Catalyst For Everything”: Deutsche Sees Only Two More Rate Hikes Before The Fed Loses Control
In his latest weekend note, One River CIO Eric Peters discussed, among other topics, what he thought would be the nightmare scenario if not for the current, then certainly next Fed chairman: a world in which despite the Fed’s best intentions (and we use the term loosely), the Fed continued to hike rates without any perceptible increase […]
Sensex Open Flat; Realty & Metal Stocks Top Losers
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.03% while the Hang Seng is up 0.16%. The Shanghai Composite is trading up by 0.02%. On Wall Street, all the three major indices once again climbed to new record closing highs as market participants looked ahead to key corporate earnings […]
EUR/USD Daily Analysis – Tuesday, October 17
EUR/USD is facing 1.1780 support, a breakdown below this level will indicate that the short term uptrend from 1.1669 had completed at 1.1879 already, then the following downtrend could bring price back to test 1.1662 key support. On the upside, as long as the price is above 1.1780, the fall from 1.1879 would possibly be […]
Retail Sales Rebound: 4 ETF & Stock Picks
The boons of Hurricane Harvey started being felt slowly as evident from the biggest increase in retail sales in the month of September since March 2015. Sales increased 1.6% sequentially in September 2017, slightly below market expectations of a 1.7% but rebounding from a biggest increase decline in August. On a year-over-year basis, retail sales rose 4.4% following 3.2% […]
GBP/USD Is Becoming Complicated, Like Brexit Negotiations
The pound is becoming quite tricky to trade, says NAB, as Brexit negotiations look complicated as well, as analyzed by BofAML. What’s next? Here is their view, courtesy of eFXnews: GBP/USD: ‘Extremely Unlikely’ To Achieve Progress Before Article 50 Deadline – BofAML Bank of America Merrill Lynch FX Strategy Research notes that Brexit headlines continue […]
British Pound’s Flash Crash: One Year Later
Last October, the British pound experienced a mysterious flash crash that wiped 10% from its value. This included a more than 6% drop in the span of two minutes, bringing sterling to its lowest level in 31 years. Baffled by what transpired, market participants have given several theories about what caused the dramatic drop. Rogue […]
Market In The Hands Of A Balloon Twister
People who create balloon animals are called Twisters. To attract attention, twisters appear clown-like, dressing in bold colors. Some twisters inflate their balloons with their own lungs. However, many use a pump. When I think of the market and its main influencers, I cannot help but think “clownish twisters.” Each day, the influencers fill the […]
E Time For A Crude Oil Correction?
One of my favorite market calls comes from seeing an alignment between my Dynamic Cycle Analysis (DCA), my proprietary turn dates (FDates), and a couple of standard technical indicators used by many technical traders (MACD, Stochastic, %R, etc.). But there are times when the DCA is pointing to a likely change of direction in a […]
Fed Speculation Keeps Dollar Steady
Speculation that U.S. President Donald Trump will appoint a hawkish head of the Federal Reserve when current Chair Janet Yellen’s term expires kept the dollar steady on Tuesday morning. On Monday reports indicated that Trump is favoring Stanford economist John Taylor, a respected policy hawk who had previously been thought to be lower down on […]
