Global Stocks Roar Back To All-Time Highs As Irma, North Korea Fears Fade
And we’re back at all time highs. With traders paring back risk positions on Friday ahead of a weekend full of potential risk events, Monday has seen a global “risk-on” session in which global stocks rose back to record highs and US futures jumped, the dollar gained, Treasuries retreated, while VIX and dollar slumped as […]
Indian Indices Trade Strong; IndusInd Bank Surges On Merger News
After opening the day in green, share markets in India continued the uptrend and are trading in green. Sectoral indices are trading on a positive note with stocks in the capital goods sector and stocks in the power sector leading the gains. The BSE Sensex is trading up by 210 points (up 0.7%), and the NSE Nifty breached the 10,000 mark, and is trading up […]
America Can’t Afford To Rebuild
Adolphe Yvon Genius of America c1870 A number of people have argued over the past few days that Hurricane Harvey will NOT boost the US housing market. As if any such argument would or should be required. Hurricane Irma will not provide any such boost either. News about the ‘resurrection’ of New Orleans post-Katrina has pretty much […]
US Dollar’s Decline Fueled Gains In Foreign Bonds Last Week
The US Dollar Index last week slumped to its lowest level in over two-and-a-half years, boosting returns in foreign bonds. Non-dollar corporate bonds topped the performance list among the major asset classes, based on a set of exchange traded products. Notably, the top-four market performers for last week are offshore fixed-income funds. PowerShares International Corporate Bond Portfolio […]
Forex Week In Review – Monday, Sept. 11
Last week was a negative affair for the world’s major markets with only the DAX making gains. In Europe over the course of the week, the FTSE was down on last week’s close by 0.89% at 7377.6; the DAX ended at 12304, up by 1.3% on last week’s close; the CAC was down by 0.17% […]
Sensex Up Over 190 Points; Oil & Gas Stocks Witness Buying
After opening the day firm, stock markets in India continued their momentum. Sectoral indices are trading on a positive note with stocks in the capital goods sector and oil & gas sector witnessing maximum buying interest. The BSE Sensex is trading up 184 points (up 0.6%) and the NSE Nifty is trading up 57 points (up 0.6%). The BSE Mid Cap index is trading up by 0.9%, […]
Central Banks Dominate As USD Continues To Slide Lower
Last week, the Bank of Canada once again raised its benchmark interest rate, with the BOC stating it sees the economy’s powerful performance pointing to broader, more self-sustaining growth. The central bank hiked rates by one-quarter point to 1%, its second 0.25-basis-point increase in as many months. After the Bank of Canada raised rates, the […]
High Yield Caution
Friday iShares iBoxx $ High Yield Corporate Bond ETF (HYG) made a noticeable decline and after testing the August 2 high on September 1 it then turned lower. As one of our Foremost Indicators, the failure to continue higher at the previous high deserves some attention. There is more below including a put spread idea, but first […]
WTI Crude Oil And Natural Gas Forecast – Monday, Sept. 11
WTI Crude Oil The WTI Crude Oil market fell significantly on Friday, breaking down below the bottom of a hammer. That hammer is now a “hanging man”, showing signs of real weakness. Ultimately, there is a lot of concerns when it comes to demand destruction after the hurricanes, and of course refineries being quiet. The […]
