E Behold, The Bitcoin Rush Is Here
Forget the gold rushes of the 19th Century and welcome to Bitcoin trading, the new gold rush. This claim might be farfetched in theory but when you look at the current price of Bitcoin, there is a clear sentiment in the cryptocurrency market, which technically makes it an interesting safe haven when compared to other […]
Strong U.S. Dollar Top Excuse For Q2 Earnings Misses
Written by John Butters, FactSet While the majority of S&P 500 companies will report earnings results for Q2 2017 over the next few weeks, 5% of the companies in the index (23 companies) have already reported earnings results for the second quarter. Given the number of concerns in the market, have these companies discussed specific factors […]
USD/CAD Forex Signal – Wednesday, July 12
Yesterday’s signals were not triggered as none of the key levels were ever reached. Today’s USD/CAD Signals Risk 0.75% per trade. Trades may only be taken before 5pm London time today. Long Trade 1 Go long after the next bullish price action rejection following a first touch of 1.2839. Place the stop loss 1 pip below […]
Wall Street Terms: ‘Mr. Market’
Like many industries, Wall Street loves to use metaphors, and so today I thought it would be fun to visit a classic. Back in the late 1940s, investor/economist, Benjamin Graham, created an allegory called “Mr. Market”. In his classic 1949 book, The Intelligent Investor, Graham asks the reader to imagine that he is one of the two owners […]
No “Trump Bump” For The Economy
POITOU, FRANCE – “Nothing really changes.” Sitting next to us at breakfast, a companion was reading an article written by the No. 2 man in France, Édouard Philippe, in Le Monde. The headline promised to tell us how the country was going to “deblock” itself.But upon inspection, the proposals were the same old claptrap about favoring […]
Stocks Watch-List: TWTR, FCX, UAA
Today’s stock picks Long Twitter (TWTR) Long Freeport McMoran (FCX) Short Under Armour (UAA)
GBP/USD Hits Low Support On Broadbent’s Bearishness
The deputy governor of the Bank of England, Ben Broadbent, said that he is not ready to raise rates quite yet. To balance things out, he did say “there is a reason to see the MPC moving towards higher rates, but there are lots of imponderables”. He also said the mood of business is key […]
The VIX Is At A Seasonal Turning Point
The topic of seasonality is a controversial one among investors. Some swear by it, referring to studies that present evidence for a reliable seasonal pattern across the year, verified across global equity markets. Others dismiss it as noise; nothing but a random assembly of outliers – or ignore it due to a lack of reliability. But whatever your […]
Derivatives Trading Legend: “As Little As A 4% Decline In One Day Could Start A Critical Crash”
After building out Merrill’s mortgage trading floor basically from scratch, then moving to the buyside at Pimco, several weeks ago Harley Bassman, more familiar to many traders as the “Convexity Maven” – a legend in the realm of derivatives (he helped design the MOVE Index, better known as the VIX for government bonds) – decided to […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, July 12
WTI Crude Oil The WTI Crude Oil market initially fell during the day on Tuesday but turned around to form a very bullish sign. The market broke above the $45 level, and it looks likely that we will continue to reach a little bit higher, but quite frankly with the Crude Oil Inventories announcement coming […]
