How Many Traders Does It Take To Change A Lightbulb?
How many hard hats does it take to remove a sapling? Apparently five. One to control the forklift and four to stand around and watch. Ok, derivation of an old joke. However, applicable to last week’s market action. First off, while one guy does all the work, the others fold their arms and inspect. Secondly, […]
Weekly Economic & Political Timeline – Sunday, April 23
There will be a greater amount of high-impact news scheduled this week, compared to last week. There is central bank input expected from the European Central Bank and the Bank of Japan, as well as a smattering of other data, including some important U.S. data. The market will probably be most active on Thursday. It […]
Investors: Watch These 4 Charts After The French Elections
The topic of this week has been the French elections. Everyone is watching the French elections results as if they will change the world, in an emotional rather than rational way. Let’s look at some examples in financial media to illustrate what we are saying. This MoneyControl article stresses the importance of the French election on […]
NZD/USD Forecast Apr. 24-28
The New Zealand dollar was trading around the 0.70 level once again. Five events await us this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Milk prices continue rising as seen in the latest GDT Price Index: 3.1%. The CPI beat expectations by rising 1% but there were doubts about the details, […]
Markets In-Review: Markets Brace For French Elections
■ S&P 500 scores moderate 0.85% weekly gain, amid expectations for U.S. tax cut ■ GBP/USD adds 2.3% weekly on May’s call for U.K. elections, weighing on FTSE 100 ■ Gold loses 0.1% weekly, as Syria strike woes dissolve ■ Oil loses 6.7% weekly following data on increasing U.S. inventories The high odds attributed to […]
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 […]
