EUR/USD And GBP/USD Forecast – Friday, July 14
EUR/USD The EUR/USD pair had a volatile session on Thursday, as we went back and forth. The final candle was a bit of a shooting star, and the market is starting to make a shooting star for the weekly candle. What I find interesting is that the weekly chart is pressing up against the 1.15 […]
If Everything’s So Awesome, Why Are Investors Surging Into Tech-Stock Hedges?
Tech stocks are up once again – for the 5th day in a row, the longest streak since May – as the business media celebrates FANG’s renaissance (again)… There’s just one thing that is ‘odd’ about this rally, traders are piling into downside hedges on every uptick in prices… As Bloomberg notes, options markets suggest a […]
How George Soros Finds His Trades
The following is straight from Operator Kean, a member of the Macro Ops Collective. One of the things that makes George Soros a market legend is his uncanny ability to identify lucrative trading opportunities. Let’s take a look at how he does it. (I) Look Forward! Most traders realize they need to be forward looking. But […]
Is This The Most Irrelevant Chart You’ve Ever Seen?
Today’s post takes a look at a chart shared by EconomPic on Twitter (which has also made the rounds of all the usual permabear/end of the world websites). He asks/comments: “Just when you think you’ve seen the most irrelevant chart you’ve ever seen”. The tweet/chart was brought to my attention by ValueWalk and given it’s Friday afternoon and […]
Sensex Down 37 Points; Infosys Up On Q1 Results
Indian share markets continue to trade near the dotted line during the noon session. Pharma stocks and bank stocks witnessed majority of the buying momentum. Software stocks and FMCG stocks traded in red. The BSE Sensex is trading lower by 37 points and the NSE Nifty is trading lower by 18 points. Meanwhile, the BSE Mid Cap index is up by 0.2% & the BSE Small Cap index is down by 0.3%. […]
Above The 40 – The S&P 500 Shows Off Again
AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 58.3% of stocks are trading above their respective 200DMAsVIX = 9.9 (volatility index)Short-term Trading Call: neutral Commentary The stock market continued its healing process from its last bout of mild indigestion. Most impressive is the S&P 500 (SPY) which confirmed support at its […]
Gold Steady Ahead Of Inflation, Retail Sales Data
Gold prices ended Thursday’s session down $2.32 after Federal Reserve Chair Janet Yellen said she believed a recent slowdown in inflation won’t last. Upcoming inflation data will be closely watched as a recent softness in consumer prices has been of concern among Fed officials who want to see further evidence of continued toward the central […]
Loonie’s Upward March Continues
The Canadian Dollar, familiarly known as the Loonie, firmed against the greenback late on Thursday and extended earlier gains after the Bank of Canada’s announcement yesterday that it had raised the benchmark lending rate. Analysts are still debating whether the BOC will pencil in another rate hike this year with that likelihood now priced in […]
Slowing U.S. CPI To Keep EUR/USD Supported Above July-Low (1.1312)
Another downtick in the U.S. Consumer Price Index (CPI) may spur a rebound in EUR/USD as the Federal Open Market Committee (FOMC) appears to be scaling back its hawkish outlook for monetary policy. Why Is This Event Important: Even though U.S. Retail Sales are projected to increase in June, the prepared remarks for the Humphrey-Hawkins testimony appears to have […]
E USD Index Searching For A Base; A Reversal In View
USD index is still trading bearish, specifically in black wave 5 of 5). We can see the recent rally as a corrective wave 4, that found its resistance at the 96.21 level, from where a new drop occurred. That said, ideally current black wave 5 will now search for support and a low near the […]
