Currencies Stabilize, But Yen Strengthens
The US dollar and sterling have stabilized after being sold off yesterday. The yen, which had begun recovering from a four-month low, is the strongest of the major currencies today, gaining around 0.5% against the dollar (@~JPY113.40). Global bond yields are softer. The BOJ stepped up its purchases of three-five year bonds to JPY330 bln […]
Market Pricing Suggests An Above 90% Chance Of A BOC Rate Hike Today
BOC Rate Hike A Sure Thing? In line with recent comments from the Bank of Canada, which have taken a sharply hawkish shift, markets are widely expecting a rate hike tomorrow. With market pricing for a rate hike having surged above 92% (as shown by OIS) in recent weeks the key issue now will […]
Here’s The First Investment Opportunity Of The Trump Presidency
There was a small but potentially very important item for oil and gas explorers last week with the U.S. government making drilling much more attractive in one of the world’s go-to petroleum destinations; the Gulf of Mexico. The US Bureau of Ocean Energy Management (BOEM) announced last week it is lowering royalties on oil and gas production […]
Investors Are Dumping Emerging Market Debt At A Record Pace
Having warned that Emerging Market debt risks had hit 10-year lows (despite soaring uncertainty) and EM equity risk had hit record lows (amid record inflows), it seems the lagged impact of the collapse in the China credit impulse is finally being recognized as the largest EM Debt ETF (from JPMorgan) just suffered its largest outflows in history… As a reminder, […]
Perceived Versus Real Risk Tolerance
Picture Credit: Denise Krebs || What RFK said is not applicable to investing. Safety First! Don’t lose money! ======= Investment entities, both people and institutions, often say one thing and mean another with respect to risk. They can keep a straight face with respect to minor market gyrations. But major market changes leading to the possible […]
GBP/USD Forex Signal – Wednesday, July 12
Yesterday’s signals were not triggered as the bearish price action took place a little way above 1.2909. Today’s GBP/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am and 5pm London time today. Long Trade 1 · Long entry following a bullish price action reversal on the H1 time frame immediately upon the […]
Millennials Will Change Investing: Are You Ready?
Audio Length: 00:28:41 The Millennial generation is one of the largest in US history. The oldest members are now 35 years old, with the youngest just about to turn 18. They have come of age amidst great changes in technology, including in the Internet. How they interact with brands will determine which companies make it […]
UK Wages Slow Down To 1.8%, Unemployment Rate At 4.5% – GBP Rises
The main figure coming out of the jobs report did not surprise: wages slowed down 1.8%. However, other figures were positive, helping the pound. GBP/USD began moving higher ahead of the publication, bouncing from the lows of 1.2810 to 1.2830. After the release, the pair trades at 1.2860. What is the data? Average earning excluding […]
E USD Index Can Be Ending A Downtrend; A Reversal Is In View
USD index is still trading bearish, specifically in final stages of 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 lower occurred. That said, ideally current black wave 5 will now search for support and […]
EUR/USD And GBP/USD Forecast – Wednesday, July 12
EUR/USD The EUR/USD pair rallied on Tuesday, breaking towards the 1.15 level. If we can break above there, and more importantly, stay above there, the market should continue to go even farther. Ultimately, this is a market that I think that we will see a lot of reaction in during the session today as Janet […]
