DAX 30 Trades Lower As Energy Shares Take A Hit
The DAX 30 (FXCM: GER30) is lower by 1.62% at the time of writing. The biggest losing sector right now is the utilities sector, with firms such as E.ON and RWE AG, both of which are involved in energy production, suffering. The softness in the energy shares may potentially be linked to the softer crude oil price, […]
Wisdom Of The Orient
Good morning, all. I have long prediction the USD/JPY would fall, and although it has taken a long time, it’s been making its way lower in grinding steps. This is pretty much the exactly opposite of what Japan’s limitless “easing” is doing, since it seems the market is sick to death of Kuroda and is […]
Buy USD Dips Vs AUD, CAD; Stay Short AUD/USD
The US dollar has retaken some ground but the comeback seems limited, What’s next? The team at Credit Agricole puts the finger on specific currencies: Here is their view, courtesy of eFXnews: Risk sentiment will remain driven by Fed rate expectations and conditions in China. From that angle this week’s main focus will be on Wednesday’s release […]
E Large Cap Best & Worst Report – April 5, 2016
The best large cap sectors are utilities, technology, and industrials. The highest scoring large cap industry is scientific & technical instruments. After rolling scores to reflect the shift to Q2 seasonality, the average large cap score is 60.46, which is below the four week average score of 62.87. The drop in score isn’t surprising given […]
USD/JPY Spikes On Reuters Story BoJ To “Debate Further Easing”
With the USDJPY crashing to a fresh 17 month low, sending the Nikkei down 2.3% and taking out levels during which we have seen direct BOJ intervention in both February and March, many were wondering how a panicking Japan would try to push its currency lower. The answer was revealed moments ago, with the following […]
Today’s Trading Plan: Attempting To Rollover
Technical Outlook: SPX pulled back yesterday to the 5-day moving average and bounced ever so slightly in the final 30 minutes of trading. Today the market is looking at a significant sell-off to start the day. It is important to remind yourself of what happened on Friday when the market sold off and the subsequent […]
FTSE 100: Are Soft Crude Oil Prices Back To Haunt Stocks?
The FTSE 100 (FXCM: UK100) is once again spending another day in the narrow price range of 6006 to 6237, making it a total of 24 trading days since the formation of the range. While a narrow range like the current does not tend to draw attention and excitement from traders, when the range finally […]
U.S. Equities Continue To Attract Capital As Long-Standing Uncertainties Abate
Q1 turned out to be one for the ages, and after some extreme moves and bouts of volatility, stocks settled down and closed out the quarter with a flourish. After falling more than -10% from the start of the year until February 11, the S&P 500 was up +6.6% in March, up +13% since February […]
Morning Call For April 5, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.66%) are down -0.78% and European stocks are down -2.15% at a 5-week low on concern that global economic growth is faltering. German Feb factory orders unexpectedly fell by the most in 6 months and IMF Managing Director Lagarde said the world economy’s outlook has dimmed. A […]
Market Internals Have Already Reversed
The market internals are already signaling that a long term bottom has been completed. At some point we will get a corrective move. When we do, it will clear the overbought conditions and the market will then be set up to test the all-time highs in May. The NYA summation index is making higher highs […]
