Category Archive: Finance
Weekly Forex Forecast – Sunday, Oct. 15
Gold Gold markets rallied significantly during the week, breaking above the $1300 level. We had also clear the top of the hammer from the previous week, so now I believe we will continue the upward momentum and reach towards the $1325 level over the next couple of weeks. Dips will more than likely be looked […]
Gold Rebounds From The Box
As the culturally chaotic — albeit not (yet?) financially frantic — year races past, 41 trading weeks now complete, Gold just recorded its seventh best, rising 2.1% (27 points) in settling on Friday at 1306. Not that impressive, you say, given we oft quip that “change is an illusion whereas price is the truth”? Well truth be told, […]
EUR/USD Weekly Analysis – Sunday, October 15
EUR/USD failed to break below 1.1662 key support and stayed in a trading range between 1.1662 and 1.2092. The range trading could be expected to continue in a couple of weeks. As long as the price is above 1.1662 support, the price action in the range could be treated as consolidation of the uptrend from […]
Earnings Preview: 3 Top Stocks Reporting Results This Week
Earnings season is just beginning and so far, the tone is bullish. “We are expecting another solid earnings season for S&P 500 companies with quarterly EPS reaching a record ~$33.75 in 3Q17 — a positive earnings surprise of ~4.5%,” writes Dubravko Lakos-Bujas, JPMorgan’s head of US equity strategy. Meanwhile CNBC calculates that the third quarter […]
The 2nd Calmest Year Ever
Bullish Streaks The stock market was down slightly on Thursday, but the amazing year for stocks continues. The chart below shows the maximum drawdown for stocks in each year. This year, the biggest decline in the S&P 500 has been 2.8% which is the second lowest maximum drawdown ever. The Investors Intelligence sentiment is showing […]
Weekly Economic & Political Timeline – Sunday, Oct. 15
This week will see relatively thin news agenda like last week, with the key economic data due input coming from the United Kingdom and China. There is Central Bank input due from the Reserve Bank of Australia and the Bank of England only. The market will probably be most active on Thursday. U.S. Dollar It […]
It’s October, Time To Take The Money And Run?
This past week, most key US equities indexes hit new highs again, with the Dow industrials leading +.52 %. This upcoming week marks the 30-year anniversary of the great market meltdown or the crash of 1987. October, although generally a good month for stock market returns, also hosts the biggest market selloffs including the great crash […]
US Dollar Aims To Extend Advance But Politics Threaten Progress
Fundamental Forecast for the US Dollar: Bullish US Dollar stung by timid FOMC minutes, underwhelming CPI data Overall fundamental backdrop still seems unmistakably supportive Yellen speech favoring preemptive tightening may revive USD rally The US Dollar spent last week firmly on the defensive as traders chopped away at gains scored on the back of firming Fed rate hike expectations since mid-September. […]
E Despite Continuing Low Inflation, The U.S. Has Begun To Normalize Its Monetary Policy
“A decade after the onset of the global financial crisis, it seems more than appropriate for central bankers to move the levers of policy off their emergency settings. A world in recovery – no matter how anemic it may be – does not require a crisis-like approach to monetary policy.” (Stephen S. Roach, The Courage […]
Global Markets Remain Buoyant, 100 Days To Goods And Service Tax And Key Corporate Developments During The Week
Global market ended the week on a positive note. Japan’s index spiked above the 21,000 level for the first time since 1996. The benchmark index posted gains of 2.2% during the week. Robust corporate earnings coupled with broad economic improvements have led to the surge in the index. Crude too surged by 5% during the […]
