S&P 500 And Nasdaq 100 Forecast – Wednesday, March 15
S&P 500 The S&P 500 fell a bit during the day on Tuesday, but we still have plenty of support just below. I believe the 2050 level underneath it should be rather supportive, just as the 20-day exponential moving average just underneath that level should be. Because of this, I’m waiting to see a buying […]
Atmospheric CO2 And The Global Economy
It has been just over a year since we last featured an update to our chart that correlates the change in atmospheric carbon dioxide with the relative health of the Earth’s economy. We haven’t been holding back because we didn’t want to share what we were seeing – we were holding back because large El Niño-related wildfires […]
Sensex Remains Volatile; IT Stocks Drag
After opening the day on a cautious note, share markets in India have continued to remain range bound and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and stocks in the realty sector leading the gains, while stocks in the IT sector are trading in red. The BSE Sensex is trading […]
Goldman Downgrades Stocks One Day Before The Fed: “Asymmetry For Equities Is Getting Worse”
After numerous warnings from Goldman strategist David Kostin that stocks are expensive, most recently over the weekend when he wrote that”Goldman strategist on their expectation of upside to 2017 EPS forecasts as they face the reality that the accretive impact from tax reform will not occur until 2018″ and that “revisions to consensus EPS forecasts during the past […]
Six Facts You Should Know About Dutch General Election
The common currency, euro is likely to experience some volatility starting today, March 15 as the Dutch voters head to polls. Unlike most of the general election results which are announced almost within a day or two, the Dutch election results will be announced on March 21, although preliminary results are expected overnight or by […]
USD Into FOMC: Positive On Low Risk Of Dots Downgrade – Nomura
The Federal Reserve convenes amid a snowstorm in Washington. Will we also see a snowstorm in markets? The team at Nomura sees a positive outcome and details the keys for the shake in markets: Here is their view, courtesy of eFXnews: The USD has gained back some momentum ahead of tomorrow’s FOMC meeting. In that regard, Nomura Research […]
Global Stocks And Oil Prices Waver Before Fed Decision
Global stocks continued to slip on Wednesday morning as investors took profits before the Federal Reserve’s announcement later today which is expected to reveal a second interest rate hike in the past three months. The MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.3 percent on Wednesday after posting notable gains on Tuesday. Japan’s […]
E NZD/USD Trading In A Bearish Impulse; More Weakness To Follow
On the 4h chart of NZD/USD we can see a nice bearish breakdown to be in progress, with price now specifically trading in the middle of red wave three. As we know, wave 3 is known as the strongest and the steepest wave, which means in our case even more weakness may follow. Regarding the […]
EUR/USD Bearish Fibs And Waves Before FOMC Rate Decision
EUR/USD 4 hour The Federal Reserve (Fed) will release its interest rate decision on Wednesday evening 6pm GMT. The major question is whether the FOMC (Federal Open Market Committee) will keep the rate at 0.75% or raise it to 1.0% which would typically lead to USD strength. The FOMC also offer its economic projections and […]
USD/JPY And AUD/USD Forecast – Wednesday, March 15
Video Length – 00:01:17 USD/JPY The USD/JPY pair initially tried to rally on Tuesday, breaking above the 115 level. The fact that we found quite a bit of resistance above there and turned around is not much of a surprise me, because the 115 level has been so resistive. Having said that, the FOMC Statement […]
