Category Archive: Finance
Currency Havens For Millennials – And No, Not Bitcoin…
In case you haven’t noticed, the haven appeal of the euro is growing. Ditto for the yuan. As far as the latter is concerned, we’ve been characterizing the yuan as a high-yielding haven for a while and indeed that point seems to come up at least twice a day. We were dead right when, on August […]
Bitcoin/USD Forex Signal – Tuesday, September 5
Yesterday’s signals were not triggered as there was no bullish price action at either $4400.00 or $4185.67. Today’s BITCOIN/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm New York time today. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of $3974.75 […]
Risk Premia Forecasts: Major Asset Classes – Tuesday, September 5
The expected risk premium for the Global Market Index (GMI) continued to rise in August. GMI, an unmanaged, market-value weighted portfolio of the major asset classes, is currently projected to earn an annualized 6.0% (over the “risk-free” rate) in the long run. The estimate is 20 basis points above last month’s forecast. Adjusting for short-term momentum and longer-term […]
Disney Upgraded To Outperform From Market Perform At Wells Fargo
Wells Fargo analyst Marci Ryvicker upgraded Disney (DIS) to Outperform and raised her price target for the shares to $116 from $109. The owner of ESPN and ABC closed Friday up 31c to $101.50. Concerns over potential dilution from the BAMTech stake and the streaming apps are “widely overdone,” Ryvicker tells investors in a research […]
Can I Buy Japanese Equities Without Knowing What The Yen Will Do?
We’ve written time and time again about the inverse relationship between the performance of the Japanese yen versus Japan’s equities.1 If the yen is depreciating, companies within Japan that do business abroad get a boost, as their products/services become less expensive and their earnings abroad increase with translation. If the yen is appreciating, the opposite occurs, and […]
Sensex Ends 107 Points Higher; Coal India & Adani Ports Top Gainers
Share markets in India ended the day higher having recouped more than half of previous day’s losses, driven by short covering and positive European cues. At the closing bell, the BSE Sensex closed higher by 107 points. While, the NSE Nifty finished higher by 39 points. Meanwhile, the S&P BSE Midcap Index finished up by 0.6% while the S&P BSE Small Cap Index ended […]
EC How EIA Guesstimates Keep Oil Prices Subdued
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. The monthly EIA oil production figures tend to be more accurate than the weekly estimates, although they are published on several months after the fact. The […]
Global Stocks Shake Off North Korea Jitters; Chinese Yuan Slides
Yesterday morning, with the US closed for holiday but with S&P futures trading modestly lower on the latest set of North Korean geopolitical fears, we asked “is this time different”, referencing last week’s similar setup, when futures gapped lower on Monday after the Kim regime shot a missile over Japan, only to surge into the end […]
Technically Speaking: Difference Between “What” & “When”
With the markets closed yesterday, there is little to update from this past weekend’s newsletter. However, in case you missed it, here was the crux of the analysis: “While it looked like “scenario 2” was going to play out early last week, that was reversed as the markets started to bet on the optics of a stimulus fueled boost […]
AUD/USD Gets Closer To 0.80 – Can It Make The Break?
AUD/USD is getting closer to the 0.80 level, reaching a high of 0.7985 but showing a lot of hesitation. Can the RBA keep talking it lower for much longer? The Australian economy is doing quite well. Growth and jobs are less reliant on the mining sector and things are going quite well. Nevertheless, the economy […]
