Emerging Markets: What Has Changed- Sunday, Sept. 10
In the EM equity space as measured by MSCI, Brazil (+3.1%), Russia (+1.8%), and Colombia (+1.3%) have outperformed this week, while South Africa (-2.0%), Poland (-2.0%), and Turkey (-1.9%) have underperformed. To put this in better context, MSCI EM rose 0.1% this week while MSCI DM was flat. In the EM local currency bond space, […]
Decision Time For Tech And S&P
The coiling setup from last week unwound itself with a move lower; whether markets have blinked and are ready for further losses or if this is just some ‘bear trap’ remains to be seen. The key test will be whether support from long established rising price channels will hold if such losses continue. The S&P […]
All The Bogeymen Are Here
I am tempted to use one of the most tired clichés to describe the state of play in financial markets. In his famous book with the same title, Malcolm Gladwell describes a tipping point as “the moment of critical mass and threshold” at which point the parameters and rules of the game—in a market or […]
3 Excellent Dividend ETFs For Turbulent Times
U.S. equity markets are going through turbulent times. There is a lot of volatility and uncertainty owing to rising geopolitical risks and political uncertainty. This has increased the appeal for dividend investing. Geopolitical Risks North Korea conducted its sixth nuclear test, that of a hydrogen bomb, which can be mounted on an Inter Continental Ballistic […]
Forex Metrics And Chart Week 37 / 2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the CAD(4X) followed by the EUR(2X) with the CHF(2X) and the AUD(2X). The weaker currencies are the USD(4X) followed by the NZD(3X). By diversifying a nice combination can be traded in the coming week […]
Goldman Slashes Q3 GDP By 30% Due To Hurricane Disaster
Yesterday, when commenting on the impact of Hurricanes Harvey and Irma, we noted that even before the two devastating storms were set to punish Texas, Florida and the broader economy, erasing at least 0.4% GDP from Q3 GDP according to BofA and costing hundreds of billions in damages (contrary to the best broken window fallacy, the lost invested […]
Forces Of Movement In FX: The Week Ahead
The US dollar’s selloff accelerated. It has been selling off since the start of the year. The first phase of the decline at the start of the year seemed similar to what happened at the start of 2016. Following the Fed’s first-rate hike at the end of 2015, the dollar weakened in the first several months […]
Markets Hit A Critical Juncture
Stocks end week at a critical juncture. In tonight’s video market update we take a look at all of the critical areas of the market coming at a crossroad. What stocks or sectors are going to hold this market together?
Forex Strength And Comparison Week 37 / 2017
In the Currency Strength table, the CAD was again the strongest currency while the USD was the weakest. There were some significant changes last week with the CHF gaining 3 points, the USD losing 4 points and the AUD losing 2 points. The other currencies remained around the same level of last week with a maximum change in the […]
Dollar Losses Accelerate, Adjustment Not Over
The US dollar had one of its worst weeks of the year, as its interest rate support eroded. Despite prospects for a further upward revision in Q2 US GDP above 3.0% and continued above trend growth, the market continues to downgrade the chances of another rate hike this year. The CME’s model suggests the odds of a hike […]
