Crise: “Enjoy The Party Markets, But Beware The Hangover”
The second round of the French elections is set. It’s Macron vs. Le Pen in what’s generally considered to be a market-friendly outcome. The idea is that there’s simply no way Le Pen can come out ahead. And although we can probably take some solace in the fact that this makes two times in a row […]
To Frexit Or Not To Frexit
This was also a holiday-shorted week. As we write this, the big news comes from the election in France. The leading candidate is a banker named Emmanuel Macron, with about 24% of the vote in a 4-candidate race. The anti-euro Marine Le Pen came in second with just over 21%. From the sharp rally in the euro, […]
Long-Term Price Targets Are Meaningless
Many commentators like to speculate on where the dollar-denominated gold price is ultimately headed. Some claim that it is destined to reach $3,000/oz, others claim that it won’t top until it hits at least $5,000/oz, and some even forecast an eventual rise to as high as $50,000/oz. All of these forecasts are meaningless. Long-term dollar-denominated […]
Watch-List Stocks To Trade
Le Pen and that left wing nut didn’t take first and second, so the futures are liking the notion a centrist is likely to win the second round (Macron), as if this is some kind of bracketology, a la March Madness. Nonetheless, I booked some profits in my long positions on Friday with UPRO and […]
Forex Week In Review – Monday, April 24
Last week was a mixed affair for the world’s major markets as investors cogitated a surprise UK election and the ramifications of the French presidential election. In Europe over the course of the week, the FTSE was down on last week’s close by 2.9% at 7114.6; the Dax ended at 12049, down by 0.5% on […]
USD/CAD Elliott Wave View: Ending 5 Wave Impulse
Short term Elliott wave view in USDCAD suggests that the cycle from 4/13 low (1.3218) is unfolding as an impulsive Elliott wave structure. This 5 wave move could be wave ((a)) of an Elliott wave zigzag structure or wave ((c)) of a FLAT correction. In either case, after 5 wave move ends, the pair should pull back in 3 waves […]
German IFO Business Climate Beats With 112.9 – EUR/USD Ticks Higher
Business confidence is rising in Germany: 112.9 in the IFO Business Climate. The Expectations component is a bit lower with 105.2. Is this due to the fear of the French elections ahead of the vote? The survey was held before yesterday’s vote. In any case, the current situation is positive with 121.1 points. There were also some […]
Sensex Trades Strong; ACC Cement Surges 7%
After opening the day on a positive note, share markets in India have continued the momentum and are trading comfortably above the dotted line. All sectoral indices are trading on a positive note. Stocks in the power sector and stocks in the PSU sector are leading the gains. The BSE Sensex is trading up by 222 points (up 0.8%), and the NSE Nifty is trading […]
The S&P 500 In Week 3 Of April 2017 (Really!)
There’s an old saying among coders, the polite phrasing of which goes as follows: “To err is human; To really foul things up requires a computer.” We definitely had a mischievous daemon do a number on us last week, where we managed to repeatedly refer to Week 2 of April 2017 as being Week 3 of April 2017, with […]
The Rise Of New French Gaullism
After the first round of the French presidential election, “center-right” Macron and “radical right” Le Pen are positioned for a face-off. However, the real story of the election is that Le Pen’s agenda has shifted the political landscape toward new French Gaullism. At the eve of the French election, A gunman opened fire on the […]
