Dollar Marks Time – Tuesday, November 21
The US dollar has largely been confined to yesterday’s trading ranges against the major currencies amid light news. The North American session does not hold much hope for fresh impetus. The US reports October existing home sales, which are not typically market moving in the best of times. Yellen does not speak until after the markets […]
Bonds, Futures, Global Stocks All Rise, Boosted By “Germany’s Brexit Moment”; TSY Curve Collapse Continues
S&P 500 futures are higher, continuing on yesterday’s momentum, after European and Asian shares also rose alongside a rebound in oil, as the year-end performance chase appears to be accelerating. There were several different moving parts in a mixed European session, in which early Euro strength gave way to weakness… … which in turn pushed […]
US Business Cycle Risk Report – Tuesday, November 21
US economic activity continues to trend solidly positive in the latest roundup of numbers. In turn, recession risk remains virtually nil, based on the available data through October. The near-term outlook looks upbeat, too, suggesting that the recent strength in GDP growth will continue in the fourth quarter. Using preliminary numbers published to date paints […]
GBP/JPY Moved Sideways Between 146.93 And 152.85
GBP/JPY moved sideways in a trading range between 146.93 and 152.85 for several weeks. Support is at 146.93, as long as this level holds, the sideways movement in the range could be treated as consolidation of the uptrend from 139.30 and another rise towards 164.00 is possible after the consolidation. GBP/JPY Daily Chart There is […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Nov. 21
WTI Crude Oil The WTI Crude Oil market spent most of the day falling on Monday, but bounced to form a bit of a hammer. Because of this, it looks likely that we are going to continue to see buyers in this market, and the $55 level underneath should continue to be massively supportive. I […]
Stock Market Valuation And The Macroeconomy
from the San Francisco Fed — this post authored by Kevin J. Lansing History suggests that extreme run-ups in the cyclically adjusted price-earnings ratio are a signal that the stock market may be overvalued. A simple regression model using a small set of macroeconomic explanatory variables can account for most of the run-up in the […]
Banks Failing To Pass On Interest Rate Boost To Savers
It’s now been more than a week since the Bank of England announced the first increase in interest rates in several years. A decision with inevitably unfortunate repercussions for millions of borrowers, but good news for those who’ve been finding it borderline impossible to access decent savings account with viable rates of interest. Or at […]
E USD Index Trading At The End Of A Correction; Bearish Reversal In Sight
Good day traders! Let’s look at USD Index and its intra-day movement. USD Index can be trading at the end of a three-wave bullish correction. We can see waves A and B completed so current rally can be final wave C, with potential resistance and turning point coming in around the upper channel line or […]
Gold Pulls Back From 1-Month Highs
Gold prices fell $15.53 an ounce on Monday, weighed down by a rally in the U.S. dollar index. The greenback was boosted by a fall in the euro after German coalition government talks collapsed. World stock markets that edged higher at the start of a busy week also put downside price pressure on gold. This […]
The Long And Winding Road… To The Blockchain
I still talk a lot about blockchain, distributed ledgers, cryptocurrencies and more, but often feel it’s falling on deaf ears. The price of bitcoin flies around in the $7,000 a coin bracket, having risen from a tenth of that amount a year ago; and many people talk about blockchain and distributed ledger interchangeably, as did […]
