Emerging Markets Q1 2017 Recap: A Strong Start
Templeton Emerging Markets Group has a wide investment universe to cover—tens of thousands of companies in markets on nearly every continent. While we are bottom-up investors, we also take into account big-picture context. Here, I share the Templeton Emerging Markets Group’s overview of what happened in the emerging-markets universe in the first quarter of 2017, […]
Weekly Economic & Political Timeline – Sunday, April 16
There will be a similarly low amount of high-impact news scheduled this week, compared to last week. There is central bank input expected from the Reserve Bank of Australia, as well as a smattering of other data. The market will probably be most active on Tuesday and Thursday. It will be a public holiday in […]
Gold Gets Trumped Up
“Thank you, Mr. President.” And as for last week’s 180° out-of-phase missive entitled “We See Gold Working Lower Near-Term”, we need only cue the 1966 Bob Hope classic “Boy, Did I Get A Wrong Number!” For as the above panel shows, Gold soared off the surface from where ’twas a year ago in sporting its best weekly gain by both […]
Euro On Edge During Holiday-Shortened Week Ahead Of French Elections
Fundamental Forecast for EUR/USD: Neutral – French-German yield spreads widening back out, reflecting the market’s uncertainty over the outcome over the French election. – The retail crowd remains net-long EUR/USD, which as a contrarian indicator means losses could persist. – See how the French elections fit in with our Q2’17 EUR/USD forecast. The Euro lost ground against every major currency (save the US Dollar) last […]
Will This Be An Egg-cellent Easter For Netflix?
STICKY Streaming giant Netflix (NFLX) is due to release its first quarter results for this year tomorrow, April 17. The stock is notoriously volatile with prices up 65% in the past year, but down from $148 to $143 in the past month. We decided to check in and see what the top-rated analysts on Wall Street […]
USD/CAD Forecast April 17-21
USD/CAD reversed directions last week and dropped 90 points. The pair closed the week at 1.3318. This week’s key event is CPI. Here is an outlook on the major market- movers and an updated technical analysis for USD/CAD. In the US, consumer indicators were soft, as CPI and retail sales reports missed their estimates. However, employment and consumer confidence beat expectations. […]
Weekly Forex Forecast – Sunday, April 16
USD/CAD The USD/CAD pair fell during the week, but turned around to form a hammer. As you can see, it looks very bullish, but the 1.36 level above is massively resistive. I think if we can break above there, this pair will take off to the upside. If the oil markets roll over, and they […]
UBS: “The Current Market Configuration Is The Opposite Of February 2016”
Last February, as Chinese stocks and the Yuan were crashing every day, sending the S&P tumbling and government bond yields crashing to record lows, in the process aborting the Fed’s first attempt to hike rates, volatility was soaring and confidence in the economy was in the dumps: in short, the bottom appeared like it was […]
Weekly Trading Forecast: All Eyes On The White House Yet Again
Financial markets will be looking to the White House for direction again as its actions stoke worries about wars of the military and currency variety. US Dollar Forecast: US Dollar May Rise Trump Jawboning, Geopolitical Fears Recede The US Dollar may rebound as the impact of President Trump’s jawboning recedes and signs of a political accommodation with […]
China’s Debt To Equity Swaps Continue But They Won’t Solve The Country’s Problems
China’s Debt To Equity Swaps Throughout 2016 the topic of China’s monumental debt mountain was the most discussed in the financial community. Even Chinese policymakers themselves began to take a serious look at the issue, and official recognition of the problem emerged in March as the state began to sanction debt for equity swaps. China’s Banking System […]
