Weekly Forex Forecast – Sunday, April 23
GBP/USD The GBP/USD pair broke out during the week, clearing the 1.2750 level. Because of this, I believe that this market will continue to go higher, and perhaps reach as high as the 1.3450 level over the next couple of weeks. I have no interest in selling, and I believe that pullbacks offer value the […]
Global Chest Thumping
US equities rallied this week, with the S&P 500 up +0.9% and the Russel 2000 (IWM) up +2.6%, regaining a bullish market phase. The Nasdaq 100 closed at all-time highs. Several sectors gained ground including semiconductors which reasserted itself as the leading sector and regained its bullish phase. Some safe havens such as Utilities and […]
Here’s What’s Changed: “Markets Might Not Have To Wait Two Weeks To Sell Off”
It’s probably safe to say we’ve reached something that approximates “peak” French election analysis on Wall Street. No one wants to be the macro (or rates or FX) strategist that didn’t weigh in and/or recommend a hedge or a trade. Similarly, everyone is trying their hand at palm reading. Every poll is parsed. Previous election results […]
Above The 40 – A Stock Market Knocking On The Door
AT40 = 53.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 61.1% of stocks are trading above their respective 200DMAsVIX = 14.6 (volatility index)Short-term Trading Call: cautiously bullish) Commentary In the middle of last week, the S&P 500 (SPY) looked firmly locked in a state of stasis. The very next day, the index rallied right […]
Your Complete Guide To Sunday’s French Presidential Elections First Round
Ahead of Sunday’s first round of the French election, we have previously provided several perspectives on the political and economic outcomes, including a permutation matrix of all six possible outcomes in terms of “high” vs “low market risk” (from BofA), why the market may be too complacent about a Le Pen – Melenchon result (candidate approval variance is within the […]
DailyFX US Desk Round Table Recap: French Elections Dominate FX Markets
The US Desk Round Table is a bi-monthly webinar series in which DailyFX analysts discuss the top themes impacting FX markets, and how upcoming events and data might sway those trends. This week, Market Analyst Paul Robinson, Senior Currency Strategist Christopher Vecchio, and Trading Instructor Tyler Yell, CMT gathered to discuss the announcement of snap […]
Weighing The Week Ahead: Time To Rebuild The Wall Of Worry?
As some market worries have been put to rest, there is a growing appetite for new ones. Pundits who say that things look OK are not very exciting. Last week we saw a shift in attention. Despite healthy earnings and good economic data, I expect pundits to be asking: What should investors be worried about? […]
Beijing-Based BeiGene Study Of PD-1 Antibody For Patients With Relapsed Or Refractory Hodgkin Lymphoma Underway
Everybody wants their own checkpoint inhibitor, or so it may seem. Now that the biology is thoroughly understood, we’re seeing a second wave of late-stage programs taking shape — each with their own niche markets in mind for disruption – and today, you can add Beijing-based BeiGene (BGNE) to that list. Written by John Carroll […]
Ooma Inc. – Chart Of The Day
Summary 96% technical buy signals 17 new highs and up 24.87% in the last month 5 Wall Street analysts rated it a strong buy The Chart of the Day belongs to Ooma Inc (OOMA). I found the computer communications stock by using Barchart to sort today’s Top Stocks to Own list first by the most frequent number of new highs in […]
French Presidential Election And Oil Price Fall Impact Global Markets
Investors were cautious ahead of the first round of the French Presidential elections ending next week. A fall in crude oil prices amidst oversupply concerns also adversely affected Global markets last week. Crude prices fell by 6.4% last week on growing concerns over increasing U.S production affecting OPEC’s attempts to reduce the global oil shortage. […]
