Macro Mondays: Hedge Funds
What is a ‘Hedge Fund’? Hedge funds are alternative investments using pooled funds that employ numerous different strategies to earn active return, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in […]
EURUSD: Return To The 45th Degree Expected
Previous: On Friday the 10th of November, trading on the euro/dollar pair closed slightly up. The US dollar showed some mixed dynamics against the majors before the weekend. It dropped against the pound and euro while rising against the rest. The dollar came under pressure due to uncertainty over the US’s tax reform program. It received […]
The S&P 500 Falls Back From New Records In Week 2 Of November 2017
On Wednesday, November 8, the S&P 500 (SPY) closed at an all time new record high closing value of 2594.38, before going on to fall back a bit to end the week at 2582.30. Along the way, the index set an all new intraday high on Tuesday, November 7 of 2597.02. The new highs marked a now one-year […]
S&P 500 And Nasdaq 100 Forecast – Monday, Nov. 13
S&P 500 The S&P 500 initially fell during the day on Friday but found enough support underneath to turn around and form a hammer again. Ultimately, this is a market that has been finding buyers every time we pull back, but I think this can only go on for so long. At this point, it’s […]
Sterling Is Struggling – 4 Reasons For The Downfall
The British pound is falling some 100 pips against the US dollar and the picture is not much brighter for Sterling against the euro or the yen. Political developments over the weekend dominate the scene, but there are other reasons for the drop as well. Here are four reasons for the fall of the pound […]
Crude Oil Prices Eye OPEC, EIA Reports To Inform Global Glut Bets
Crude oil prices continued to mark time below $58/barrel absent a clear-cut catalyst to establish direction on Friday. The deadlock may be broken as OPEC issues its monthly assessment of compliance with cartel-led production cuts while the EIA publishes US drilling productivity statistics. Taken together, the two reports ought to inform on global glut reduction prospects. Gold prices edged down a […]
On The Fly: Top Five Weekend Stock Stories – Monday, Nov. 13
Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. Alibaba (BABA) announced that $25.3B of gross merchandise volume was settled through Alipay on November 11, or Single’s Day, an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV. “More than […]
China’s Central Bank Governor Warns Of ‘Minsky Moment’ Risk
The world is coming to the end of probably the greatest financial bubble ever seen. Since the financial crisis began in 2008, central banks in China, the USA, Europe, the UK and Japan have created over $30tn of debt. China has created more than half of this debt as the chart shows, and its total debt […]
GBP/USD Daily Analysis – Monday, November 13
GBP/USD continued its sideways movement in a trading range between 1.3027 and 1.3337. Near term support is at 1.3027, a breakdown below this level could signal resumption of the downtrend from 1.3657, then the following downside movement could take price to next support level at 1.2774. Near term resistance is at 1.3229, a break of this […]
Emerging Markets: Week Ahead Preview – Monday, Nov. 13
(from my colleague Dr. Win Thin) EM FX closed the week on a soft note. For the week as a whole, best performers were MYR, PLN, and COP, while the worst were BRL, ZAR, and INR. US inflation and retail sales data will likely set the tone for EM. Also, the US fiscal debate is […]
