FX Markets Volatility Set To Rise With Busy Calendar: UK, US, & Canadian Inflation Due
The British Pound’s post-Brexit base effect weakness has worked its way out of markets, but its influence will linger at the upcoming inflation release, as anticipated by the Bank of England at their October policy meeting. Consensus forecasts are calling to see price pressures increase by +0.2% m/m (down from +0.3% in September) and +3.1% […]
Technical Market Report For November 11, 2017
The good news is: All of the major indices except the Russell 2000 (R2K) closed at all time highs last Wednesday. New lows declined on Thursday and Friday which were down days for most of the major indices. The Negatives Except for Thursday and Friday, new lows increased every day last week. The blue chips […]
Deutsche: Every Time We Asked “How Much Lower Could Vol Go” Things Would Become Unpleasant
According to Deutsche Bank’s Aleksandar Kocic, we live in a reflexive world, one where “the Fed knows that the market knows and the market knows that the Fed knows that the market knows, so everyone knows, but pretends that nobody knows and the game goes on.” That pretty much covers much of modern market analysis which, […]
USD/JPY Snaps Monthly Opening Range Ahead Of U.S. CPI, Fed Rhetoric
Fundamental Forecast for Japanese Yen: Bullish USD/JPY snaps the monthly opening range during the first full-week of November, and the pair face a growing risk of giving back the advance from the 2017-low (107.32) as the U.S. economic docket is expected to highlight a subdued outlook for inflation. With the U.S. Consumer Price Index (CPI) anticipated […]
Factors That Could Mar Chemical Industry Momentum
The chemical industry has gotten its mojo back on strength across major end-markets and an improving world economy. While chemical makers should benefit from strategic growth measures and investment on capacity expansion, the industry is still reeling under certain headwinds. There are a few reasons to be cautious about the chemical industry in the near […]
The Benefits Of A “Supercharged IPO”
Supercharged IPO is a new and controversial financial transaction that has dramatically increased in popularity over the past few years as companies try to extract as much value as possible from the IPO process. A new white paper from Gladriel Shobe, Associate Professor, Brigham Young University Law School looks at the benefits of these transactions and considered whether […]
Russell 2000 Finishes Neutral; Tech Posts Minor Gains
It wasn’t a particularly exciting Friday but there were some points-of-action of interest. I had tweeted about the weakness in the Russell 2000 but there wasn’t much satisfaction for either side. The Russell 2000 finished with a narrow doji at the 50-day MA. As it failed to close below the 50-day MA bulls will be satisfied with a […]
Tesla Bonds Tumble To Record Low As Trump Tax Plan Kills EV Credits
Elon Musk has a problem… well a few problems, actually. Production on its messianic Model 3 is worse than terrible. Electrek.com reports that as Tesla CEO Elon Musk made clear during the company’s conference call with financial analysts last week, Model 3 production is still very much in “production hell” – so much so that Musk refused to […]
The Fed’s Policy Situation
The chart below is a great summary of the monetary policy situation. It shows the S&P 500, the current Fed balance sheet, the future balance sheet, the Fed funds rate, the Fed funds futures, the long term expectations, and the dot plot. Now that stocks have done well for a couple years since the end […]
Gold Snaps Three-Week Losing Streak, Soft U.S. CPI To Keep Prices Bid
Fundamental Forecast for Gold:Neutral Gold prices hold on to support post-NFP, Looking for an early November low Gold prices snapped a three-week losing streak with the precious metal rallying 1.17% to trade at 1284 ahead of the New York close on Friday. The gains come on the back of weakness in the greenback with the U.S. Dollar Index (DXY) coming […]
