Bond Selloff Returns As EM Fears Rise; Oil Slides; BOJ Does Not Intervene
U.S. index futures point slightly lower open. Asian shares rose while stocks in Europe fell as energy producers got caught in a downdraft in oil prices and reversed an earlier gain after Goldman unexpectedly warned that WTI could slide below $40 absent “show and awe” from OPEC. The dollar rose, hitting a four-month high against […]
Indian Indices Pare Most Gains, End Marginally Higher
Indian share markets lost some steam towards the end of the day to end today’s session only marginally higher. Losses were largely seen in the telecom sector and realty sector. At the closing bell, the BSE Sensex stood higher by 31 points (up 0.1%) and the NSE Nifty closed higher by 15 points (up 0.2%). The BSE Mid Cap index ended the day down by […]
Global Economic Leading Indicators
The latest round of OECD Composite Leading Indicators showed some interesting results country-by-country, but one view we use when looking at these indicators is to take a breadth and diffusion (as well as level) perspective to gauge changes in the global economic pulse. This provides useful context when thinking about global economic cycles, but it is also […]
The Return Of The “Minsky Moment”
“The emergence of money manager capitalism means that the financing of the capital development of the economy has taken a back seat to the quest for short-run total returns.” – Circa 1992. Wall Street has forgotten the great financial crisis. A sense of relief has settled firmly on the legendary asphalt artery between Trinity and […]
WTI Crude Oil And Natural Gas Forecast – Tuesday July 11
WTI Crude Oil The WTI Crude Oil market was choppy on Monday, as we tried to rally but found it too much in the way of resistance near the $45 level. I think if we can stay below this level, the market is apt to continue to fall towards the 42.50 level. That’s not to […]
Goldman Warns Oil Could Plunge Below $40 Absent OPEC “Shock And Awe”
Goldman has done it again: less than two weeks after the bank said “oil prices have likely hit bottom of the price range, and look attractive” when it slashed its WTI price target from $55 to $47.50 (and every other Wall Street bank promptly followed), in a note released overnight by its analysts including Damien Courvalin and […]
USD/JPY Elliott Wave View: Bullish Against 112.86
Short term the USD/JPY Elliott Wave view suggests the pullback to 111.7 low on 6/29 ended Minor wave X. Up from there, wave Y is unfolding as an Elliott wave zigzag structure where Minute wave ((a)) ended at 113.68 and Minute wave ((b)) ended at 112.86. Up from there, Minute wave (i) of ((c)) ended at 114.3. Minute wave (ii) of […]
Bullet Report: Top 5 Things Happening In The Market Today – Tuesday, July 11
Top 5 Things to Know Before You Start Trading This Tuesday the market is expected to see low volatility, JPY and gold are seen lower while oil and Asian shares rise. 1 – Uneventful Economic Calendar Today The forex markets are generally trading in a tight range. The absence of any significant market events today is likely going to […]
Markets Looking For Next Cue
Investors await fresh policy clues as the Bank of England’s Broadbent is seen as a key vote on a closely balanced MPC, while the Fed’s Brainard, is also seen as a bellwether, will speak shortly after midday in NY. Broadbent has not spoken since the election, and his current views are not known. If he sides with the dissenting […]
What Happened To Trump’s Trade Restrictions & Are They Still A Risk?
Trade Tariffs Take A Backseat So Far Over the course of Trump’s presidential campaign, his proposed trade restrictions were a key focal point, and risk sentiment suffered as a result of the uncertainty linked to the issue. However, at the start of the second half of the year, it appears that investors are currently attaching […]
