US Dollar, Hanging On By A Thread, Turns To CPI & Retail Sales
The US Dollar is flat on the day as the DXY Index is barely holding onto its daily 21-EMA as support. Following the release of the September FOMC meeting minutes, market participants have become more sensitive to incoming inflation data, as policymakers made clear that many believed low inflation was a feature, not a bug, of modern […]
Strong Finish To The Week; Metal & Bank Stocks Rally
Indian share markets continued to trade higher in the afternoon session to finish in green in nine out of eleven trading session. The sentiments also remained upbeat on strong Asian markets. At the closing bell, the BSE Sensex closed higher by 250 points and the NSE Nifty finished up by 71 points. The S&P BSE Mid Cap finished flat while S&P BSE Small […]
U.S. Mint Gold Coin Sales And VIX Point To Increased Market Volatility And Higher Gold
US Mint gold coin sales and VIX at weakest in a decade Very low gold coin sales and VIX signal volatility coming Gold rises 1.7% this week after China’s Golden Week; pattern of higher prices after Golden Week U.S. Mint sales do not provide the full picture of robust global gold demand Perth Mint gold […]
Bitcoin Is Now Bigger Than Morgan Stanley
On the back of (unconfirmed) rumors suggesting China may back down from its harsh stance of ICOs and crypto exchanges following this week’s National Congress, the price of Bitcoin soared overnight, testing near $5900 before falling back a little this morning. That has pushed Bitcoin’s market cap above $90 billion for the first time, surpassing PayPal, Netflix, and […]
What Global Correlations Mean For Portfolio Construction & Smart Beta
I recently wrote in a post how quantitative easing (QE) liquidity world average correlations have been dropping in the U.S. In this analysis, I will take it a step further and highlight how this trend is not just restricted to the U.S.; we see similar patterns globally, especially in Europe and Japan. In addition, I will talk about how […]
Weekend Reading: $7 Trillion To Manipulate Prices
As the stock market continues to press new highs, the level of optimism climbs with it. I discussed yesterday Richard Thaler’s, a recent recipient of the Nobel Price in Economics, comments about not understanding the current “irrationality of investors relating to their investing behavior.” What is interesting is that Thaler’s received his Nobel Prize for his pioneering work in […]
EURUSD: Drop To 1.1796 Expected
Previous: On Thursday the 12th of October, trading on the euro/dollar currency pair closed down. The rate fell from 1.1880 to 1.1827. At the beginning of the European session, the euro dropped further as the dollar rose across the board. It then received some support from the euro/pound cross following reports that Brexit talks had hit […]
Mixed Messages From The Fed On The December Hike
Markets are pricing in a rate hike by the Fed in their last meeting of the year in December. This is in line with the dot-plot published in September and also Yellen’s insistence to hike despite the frustratingly low inflation. Ahead of the highly anticipated inflation report later today, we heard from two Fed officials. Their messages […]
WTI Crude Oil And Natural Gas Forecast – Friday, Oct. 13
WTI Crude Oil The WTI Crude Oil market fell significantly during the day on Thursday, testing the $50 level for support. We found it, and turned around to form a bit of a hammer. The hammer of course is a bullish sign, so I think we could bounce from here and try to go towards […]
AUDUSD Daily Analysis – Friday, Oct. 13
AUDUSD’s bounce from 0.7732 extended to as high as 0.7838. Further rally to test 0.7875 resistance is still possible, above this level would confirm that the downtrend from 0.8124 had completed at 0.7732 already, then the following correction rebound could take price towards next resistance level at 0.7986. On the downside, as long as the […]
