Forex Ranking, Rating And Score For Week 16 / 2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the JPY(5X) followed by the AUD(2X). The weaker currencies are the EUR(4X) followed by the CHF(3X). A nice combination for coming week may be e.g: EUR/JPY with the AUD/CHF CHF/JPY with the EUR/AUD Ranking […]
(Almost) $400 Billion Weighs In On Tax Reform, The Fed, And The Dollar
Bank of America’s latest rates and FX survey comprises responses from 74 fund managers with $368 billion in AUM. In other words, hopefully these folks are some semblance of smart and/or prescient, because if they aren’t, well then there’s nearly $400 billion in possibly misallocated capital floating around out there. There’s some sarcasm there. Most of the folks surveyed have […]
US Dollar Eyes CPI, Liquidity Drain May Boost Knee-Jerk Volatility
Talking Points: G10 FX marks time Good Friday market closures drain liquidity US Dollar may edge lower if US CPI falls short of expectations Thin liquidity conditions may amplify knee-jerk volatility threat The major currencies marked time in Asian trade as liquidity levels diminished amid market closures for the Good Friday holiday. Bourses in Australia and […]
Congress Panics As US Oil Assets Could Fall Into Russian Hands If Venezuela Defaults
As we noted last night, Venezuela’s state-owned oil company PDVSA made principal and interest payments of $2.2 billion today, avoiding default yet again despite what Vice President Tareck El Aissami called a “ruthless economic war” being waged against the Maduro government. That’s the good news, the bad news is that PDVSA has $62 billion more in principal […]
Technical Market Report For April 15, 2017
The good news is: • The market is oversold and ready for a bounce. The Negatives New highs continued to deteriorate, new lows increased a little and the secondaries continue to under perform the blue chips. The first chart covers the past 6 months showing the OTC in blue and a 10% trend (19 day […]
Forex Strength And Comparison For Week 16 / 2017
In the Currency Strength table, the JPY was the strongest currency while the EUR was the weakest. There were some significant changes last week with the AUD gaining 5 points and the USD losing 4 points. The CHF and CAD lost 3 points. The other currencies remained around the same level of last week with a maximum difference of just […]
Trump Talks Down U.S. Dollar: What Lies Ahead For ETFs?
The U.S. dollar has been in the spotlight since before the presidential election. Initially what Donald Trump delivered in speeches was mostly “inward looking”. Many research organizations then believed that Trump’s policies may hinder U.S. growth and thus may cause an upheaval in the dollar. An ABN Amro analyst then saw prospects of inflation outdoing […]
USD/JPY Carves Bearish Series As Risk Sentiment Abates
Fundamental Forecast for Japanese Yen: Neutral USD/JPY slipped to a fresh 2017-low of 108.72 amid the escalation in geopolitical risk, with U.S. President Donald Trump warning the greenback was ‘too strong,’ and the pair may continue to give back the advance from late-2016 as risk sentiment abates. Concerns surrounding Syria accompanied by the threat posed by North Korea appears to have […]
Can Day Trading On The Side Be Profitable?
I’ve been getting one question in particular pretty often: Can day trading be profitable, if it is done on the side (of another job)? Here is a quick Q&A to day-trading, and how you can make money off of it. What is Day Trading? The art of buying and selling a security within one trading day. […]
3 Weekend ETF Charts: Any Questions?
Two of this week’s most popular posts were about ETFs. Which isn’t surprising because after all, ETFs are becoming so ubiquitous that one is left to wonder whether they’ll eventually be the entire tape. I, for one, think this is a really, really disturbing trend. It’s not that passive, low-cost investing isn’t a good thing. […]
