Category Archive: Finance
USD/CAD Elliott Wave View: Ending 5 Wave Impulse
Short term Elliott wave view in USDCAD suggests that the cycle from 4/13 low (1.3218) is unfolding as an impulsive Elliott wave structure. This 5 wave move could be wave ((a)) of an Elliott wave zigzag structure or wave ((c)) of a FLAT correction. In either case, after 5 wave move ends, the pair should pull back in 3 waves […]
German IFO Business Climate Beats With 112.9 – EUR/USD Ticks Higher
Business confidence is rising in Germany: 112.9 in the IFO Business Climate. The Expectations component is a bit lower with 105.2. Is this due to the fear of the French elections ahead of the vote? The survey was held before yesterday’s vote. In any case, the current situation is positive with 121.1 points. There were also some […]
Sensex Trades Strong; ACC Cement Surges 7%
After opening the day on a positive note, share markets in India have continued the momentum and are trading comfortably above the dotted line. All sectoral indices are trading on a positive note. Stocks in the power sector and stocks in the PSU sector are leading the gains. The BSE Sensex is trading up by 222 points (up 0.8%), and the NSE Nifty is trading […]
The S&P 500 In Week 3 Of April 2017 (Really!)
There’s an old saying among coders, the polite phrasing of which goes as follows: “To err is human; To really foul things up requires a computer.” We definitely had a mischievous daemon do a number on us last week, where we managed to repeatedly refer to Week 2 of April 2017 as being Week 3 of April 2017, with […]
The Rise Of New French Gaullism
After the first round of the French presidential election, “center-right” Macron and “radical right” Le Pen are positioned for a face-off. However, the real story of the election is that Le Pen’s agenda has shifted the political landscape toward new French Gaullism. At the eve of the French election, A gunman opened fire on the […]
Yen May Fall Further As French Election Stokes Risk Appetite
The first round of the French presidential election defined price action at the start of the trading week. The Euro outperformed after centrist Emmanuel Macron emerged in the lead, putting to rest concerns about a runoff between two eurosceptics (Marine Le Pen from the right and Jean-Luc Melechon from the left). The election outcome brightened spirits across the financial […]
FX Week Ahead: US GDP, ECB & BoJ Meetings
The week ahead will open in the backdrop of the French elections which will be the main overriding theme. Monday is a bank holiday in Australia and New Zealand. Traders will be focusing on the ECB and the BoJ’s meetings this week. No changes are expected from both these meetings this week with the respective […]
Key Events In The Coming Busy Week: US GDP; ECB & BOJ Meetings, And Lots Of Earnings
The key economic releases this week are the durable goods report on Thursday and Q1 GDP on Friday. This week is the busiest week of earnings season, with 40%of S&P 500 equity cap reporting. In addition, there are a few scheduled speaking engagements by Fed officials this week. Further, as SocGen notes, this week, markets […]
EUR/USD In Hangover Mode After The French Elections
EUR/USD is trading at 1.08037 in the morning after Macron topped the first round of the French elections. The mainstream candidate is expected to beat extreme-right Le Pen in the second round by a wide margin. Opinion polls for the second round have already been released and they project Macron to win 60% of the vote. […]
Oil Prices Rise While Chinese Stocks Plummet
Oil prices headed higher on Monday morning on hopes that OPEC will continue its production cuts past its original May deadline. Brent crude futures were up 30 cents per barrel to $52.26 per barrel, a 0.6 percent increase. U.S. WTI crude oil futures gained 26 cents to $49.88 per barrel, but remained notably below the […]
