Category Archive: Finance
Replicating Indexes In R With Style Analysis: Part I
In the quest for clarity in portfolio analytics, Professor Bill Sharpe’s introduction of returns-based style analysis was a revelation. By applying statistical techniques to reverse engineer investment strategies using historical performance data, style analysis offers a powerful, practical tool for understanding the source of risk and return in portfolios. The same analytical framework can be used to […]
AUD/USD Daily Analysis – Tues, October 10
AUD/USD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.8102. As long as the price is below the trend line, the bounce from 0.7732 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and the next target would be at […]
European Stocks On Edge Ahead Of Catalan Independence Call, S&P Futures Rise
S&P futures are again modestly in the green as European shares hold steady ahead of a meeting of the Catalan regional parliament and a possible declaration of independence by Catalan leader Puigdemont, while Asian shares rise a the second day. The dollar declined for the 3rd day, its losses accelerating across the board amid growing […]
E EUR/USD Making A Recovery
Price formed a triangle correction of a lower degree within wave iv), that caused a drop down into a fifth wave last week, to 1.1660 level that we highlighted it as a potential support. The market turned up slightly on Friday from that zone which may lead to more euro recovery, but for an important […]
EUR/USD: Buyers Readying For A Breakout Of The A-A Channel
Previous: Yesterday, Monday, trading on the euro/dollar pair closed slightly up. Before buyers decided to launch an assault on the B-B channel, they twice returned to the LB balance line. Given that exchanges were closed in the US and Canada due to national holidays, trader activity on the Forex market was low. Comments made by […]
Pound Gains On Revised Labour-Cost Number
The Office for National Statistics on Monday said it made an error during the original calculations and that cost per unit output stood at an annual 2.4 percent in the second quarter, not the previously reported 1.6 percent. Also, the first quarter number was revised up to 3.5 percent, the fastest in almost four years. […]
Trader: The Dollar Bounce Is Unlikely To Be Over Yet
Having predicted yesterday that the rout in the Turkish Lira is only just starting, and will reverberate among – and sink – other emerging market currencies (so far the USD/TRY move has been largely ignored by virtually everyone), today Bloomberg macro strategist Mark Cudmore writes that while he remains bearish the dollar over the long-term, […]
Dollar Pullback Extended
The US dollar’s advance faltered before the weekend after a rise in average hourly earnings and a new cyclical low in unemployment and underemployment initially fueled greenback buying. There is no doubt the data was skewed by the storms, though the upward revision to the August hourly early cannot be attributed to the weather distortions. The reversal in the dollar before the […]
RBA Not Expected To Change Rates In The Near Term
Summary: RBA maintains interest rates at 1.50% RBA signals that interest rates will remain steady in the near term RBA upbeat on unemployment, expects wage growth to rise Low inflation on account of oil prices, but wage growth could see giving rise to inflation GDP growth consistent with a pickup in non-mining investment The Reserve […]
