GBP/USD Weakness Exposed – Cannot Rise On Good Data
The level of unemployment remains at record low levels: a jobless rate of 4.3% in September. What about wages? These rose by 2.2%, better than had been expected. In addition, the previous figure for August was revised up to 2.3%. In addition, the Claimant Count Change for October showed a very modest rise: 1.1K, better […]
EC HH The Risk Of Estimating Risk
The US stock market has defied the odds this year, or so it appears, by running hotter and staying calmer for longer than expected, based on a variety of risk metrics. It’s unclear if this is due to a failure of the risk metrics, irrational exuberance run amock, or both. The CAPE ratio for instance – a […]
E The Slide Begins
Adrian Ash, Head of Research at London gold-trading site BullionVault, writes: “One key requirement of money is that it doesn’t drop 27% of its value inside 4 days, only to regain half that drop in the next 36 hours. Hyper-volatility signaled the death of the German Reichmark following World War I. (Ed: actually in was the […]
EUR/USD And GBP/USD Forecast – Wednesday, Nov. 15
EUR/USD The EUR/USD pair broke out to the upside, slicing through the 1.17 level. That was previously a neckline for the head and shoulders pattern that has been on my mind for some time, now that we have broken down below there, I expected the market to drift down to the 50% Fibonacci retracement level, […]
GE Has Further To Fall
On December 20, 2016, shares of General Electric (NYSE: GE) peaked at a closing value of $32.25 per share. Since then, through the close of trading on Tuesday, November 14, GE’s share price has fallen by nearly 44% to $17.90 per share. We think that GE’s stock price has further to fall before it bottoms. Here’s why. Based on a simple […]
The US Dollar Collapsed. Volatility Has Grown Significantly
Yesterday, high trading activity and volatility were observed in the foreign exchange market. The US dollar weakened sharply against the major currencies. The dollar index (DX) closed the trading session in the negative zone (-0.71%). The biggest growth was shown by the EUR/USD currency pair. The euro was supported by positive data on German GDP. […]
Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage
The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today’s critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines in […]
3 Top Stocks Warren Buffett Can’t Stop Buying – 13F Forms Out Now
Billionaire Warren Buffett is many things- one of the world’s most successful fund managers, legendary philanthropist and owner of over 60 companies. Now the “Oracle of Omaha” as he is known has revealed the third quarter trades of his $169 billion Berkshire Hathaway fund. The result: a valuable glimpse into which stocks Buffett likes, and which he […]
Dollar Slides
The euro and yen are extending their gains, casting a pall over the US dollar. The euro is extending its advance into a sixth consecutive session, which is the longest streak since May. It is approaching last month’s highs in the $1.1860-$1.1880 area. As was the case yesterday, a consolidative tone in Asia was followed […]
Sensex Trades On A Volatile Note; Capital Goods Stocks Top Gainers
After opening the day marginally lower, share markets in India witnessed volatile trading activity and are presently trading in the red. Sectoral indices are trading on a mixed note, with stocks in the capital goods sector and stocks in the IT sector witnessing maximum buying interest. While stocks in the metal sector are leading the losses. The BSE Sensex is trading down by 130 points […]
