Slowing U.S. GDP To Temper NZD/USD Sell-Off
Fundamental Forecast for New Zealand Dollar: Neutral NZD/USD may continue to give back the advance from the 2017-low (0.6818) as the new coalition government under Prime Minister Jacinda Ardern pledges to review and revise the Reserve Bank of New Zealand’s (RBNZ) primary mandate for price stability, but the key developments coming out of the U.S. economy may temper the recent […]
When Does A Bubble Become A Bubble?
In July 2010, Bitcoin was trading at 5 cents. By February 2011 it was trading at $1.10. That’s a 2,100% return in 7 months. This is what the chart looked like at the time. What’s the first word that comes to mind? Bubble. Indeed, and over the next two months that bubble would burst, […]
Frontier Stock Markets About To Get Super Bullish? Investors Watch EMFM ETF Closely
The EMFM ETF from Global X is an interesting choice for investors as it offers exposure to the next emerging markets and frontier markets. We have written extensively about our bullish outlook for emerging markets. For investors willing to take the extra risk, frontier markets could be an interesting option. Note that frontier stock markets started to […]
Forex Metrics And Chart Week 43 / 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 EUR(4X) followed by the AUD(3X) and the USD(2X). The weaker currencies are the NZD(4X) followed by the JPY(3X) and the CHF(2X). By diversifying a nice combination can be traded in the coming week […]
Lack Of Enthusiasm
This rally lacks enthusiasm from traders and investors on Twitter. Sentiment for the S&P 500 Index (SPX) didn’t move higher as the market finally jumped on Friday. The good news for the bulls is that sentiment held its confirming trend line (the bottom of the triangle). Another sign that enthusiasm is lacking comes from the […]
USD/JPY Weekly Analysis – Sunday, October 22
USD/JPY is facing a resistance trend line from 115.50 to 114.49 once again. A break through the trend line resistance could trigger further upside movement towards 115.50. Above this level will confirm that the downside movement from 118.66 (Dec 15, 2016 high) had completed at 107.31 already and the long term uptrend from 98.97 (Jun 24, […]
Trading Support And Resistance – Sunday, October 22
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: · Trading the two currencies that are trending the most strongly […]
Global Currency Hedged ETFs/ETPs Hit Record $134B At The End Of September
ETFGI reports assets invested in Currency Hedged ETFs/ETPs listed globally have increased 33.5% in 2017 to reach a new record of US$134billion at the end of September LONDON — October 20, 2017 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported that assets invested in currency hedged […]
“Shocking” Earnings Miss By GE, Say Top Analysts
“The results I’m about to share with you are completely unacceptable,” General Electric’s (NYSE:GE) CEO John Flannery told investors on Friday, before revealing that Q3 earnings came in 20c below the 49c forecast . “Horrible” cash flow of $4.1 billion was down 78% year-on-year while 2017 cash flow guidance was cut almost in half. “We […]
EUR/USD Eyes Neckline Of Developing Head & Shoulders Pattern
US Treasuries sold-off last week, helping drag the trade-weighted Japanese yen down and US dollar up. The latest Commitment of Traders (COT) report highlighted a pause in the yen carry trade re-build and a substantial draw-down in positioning of the British pound. Meanwhile, the head & shoulders pattern in the EUR/USD continues to develop, but […]
