Markets Post Across-The-Board Gains For A Fifth Week
Positive momentum prevailed again last week for the major asset classes, based on a set of proxy ETFs. For the fifth consecutive week through Friday, Mar. 18, the risk-on trade delivered another round of profits across the board. The trailing one-year period still reflects plenty of damage, but the red-ink brigade continued to retreat on this […]
Bullet Report – Dollar Still Under Pressure
EUR/USD hit 1.1250 in early Asia, but lacks momentum to test/take out 1.1293. The currency pair trimmed gains from 1.1285 to trade around 1.1270 levels. Trading Central prefers long positions above 1.1240 with targets @ 1.1305 GBP/USD finds itself under pressure as it heads towards 1.4410. 1.4470 looks to be the main resistance right […]
FTSE 100: The Sluggish Price Action Continues To Dominate
The FTSE 100 has kept a sluggish upward bias over the last few weeks, a trend which may continue, as long as price trades above the March 10 low of 6006. On a rising trend, price tends to seek out the next resistance level, which is now the December 29 high of 6321. This may […]
Recent Moves In Oil Prices
Today I discuss the factors that brought oil prices so far down and more recently back up. World oil production was essentially stagnant for seven years beginning in 2005. Field production of crude oil averaged 73.9 million barrels a day in 2005 and averaged 74.7 mb/d in 2011. Monthly world field production of crude oil […]
S&P 500 And Nasdaq 100 Forecast – March 21, 2016
S&P 500 The S&P 500 initially rose during the course of the Friday session, but pulled back a little bit as we continue to struggle. Ultimately, if we pullback from here, there should be value hunters that get involved and try to take advantage of the fact that we pulled back. The market should eventually […]
Stock Prices Poised To Charge Higher
Stocks prices have recovered from their winter panic, but don’t take money off the table. The American economy is on a solid footing and prospects are good for equities. Stronger consumer and business spending should power GDP growth of about 2.5 percent for the balance of the year—boosting corporate profits from domestic sales. And the dollar has fallen against major […]
Are Rising Interest Rates Good For Your Investments?
Recent reports indicate that the Federal Reserve is expected to raise interest rates again this year. What effect will this have on individual investors and your investment portfolio? Audio Length: 00:20:50 (Click on the play button to listen to the podcast)
Forex Week In Review – March 21, 2016
Last week was another mixed affair for the world’s major markets. The oil price continued to consolidate further, strengthening speculation that the price has bottomed out. In Europe over the course of the week, the FTSE was up by 0.81%, it closed at 6189.6; the Dax ended at 9950.8, up by 1.2% on last week’s […]
BoJ’s Patience Running Thin – USD/JPY To Prove Testy Around ¥110.00
One long-standing axiom of markets, at least during the QE years, is being tested in real time, and it’s making Bank of Japan policymakers (and at this point, politicians too) nervous: the Japanese Yen shall fall when equity markets rally. After weeks of central bank action surprising on the dovish side, market participants have been left scratching […]
Sterling Slides On Tory Party Discord
The US dollar is beginning the week mostly firmer against the major and emerging market currencies. The Japanese yen, where local markets were closed for the spring equinox is up slightly, and the Australian dollar turned higher in the European session. However, sterling has remained under pressure from the start. Ian Duncan Smith’s resignation […]
