EUR/USD: Dealing With The Fed’s Confusion
Yellen went full dovish, once again, and this certainly hurt the US dollar. What does this mean for EUR/USD? The team at Nordea analyzes: Here is their view, courtesy of eFXnews: The Fed has done its best to propagate confusion recently. Why the Fed chose to walk the dovish path in March is crucial for the […]
T2108 Update – Yellen Punches The Market’s Refresh Button
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on […]
Italian Economic Woes Drag On MIB Despite ECB Tailwinds
Even with the implementation of extremely accommodative monetary policy conditions across the Euro Area intended to promote growth, inflation, and spur lending, equities have not benefited as greatly as anticipated owing to a host of factors. For Italy in particular, challenging domestic economic conditions and lacking fiscal stimulus measures have prevented the economy from rebounding […]
S&P 500 And Nasdaq 100 Forecast – March 30, 2016
S&P 500 The S&P 500 initially fell during the day on Tuesday, and then shot towards the 2050 level. We closed at the very top of the range, and that of course is a very bullish sign. Given enough time, I believe that the market will then reach towards the 2100 level. I think the […]
FTSE 100 Receives A Boost On A Dovish Yellen
The FTSE 100 continues to digest its gains from mid-February. However, the underlying trend is bullish above the March 10 low of 6006, as it is the most recent swing low and higher than the preceding swing low of 5843. The March 18 high of 6237 is not only the March high, but also a […]
This (Crashing) Trend Is Not Your Friend
Despite Yellen’s best efforts to basically dismiss any and all data as irrelevant going forward in The Fed’s decision-making process, we suspect all eyes (and algos) will be firmly glued to this week’s payrolls’ data. Will it be another record month for Obama to crow about? Will Mark Zandi do the “told you so dance” […]
The ‘Mystery’ In TIC Is Likely Important Given These Big Numbers
The “first” part of the TIC data update for January was relatively straightforward, especially since the scale of the net transaction adjustments in both December and January really did match what happened in January (crossing into February). The Treasury Department’s estimate for foreign holdings of US dollar assets were nothing short of remarkable in all […]
How Many Tech Startups Are Empty Shells?
How many startups are empty shells filled with glitzy PR designed to appeal to VC newbies? It’s widely accepted that most tech startups will fail. Perhaps the core business proposition didn’t pan out, or the execution was flawed, or the initial success foundered on poor management, or another startup scaled up fast enough to suck up […]
Yellen Remains Dovish, Dollar Slides
The outlook for another interest rate hike remained unclear following the speech by Federal Reserve Chairwoman Janet Yellen to the Economic Club in New York Tuesday, her first press conference after the Fed held rates steady two weeks ago. The U.S. dollar dropped sharply and stocks on Wall Street moved higher after Yellen’s comments seem […]
Silver’s Bullish Cup And Handle Pattern
Two months ago, we signaled a huge buying opportunity was setting up in gold. Basically, that observation was based on a bullish chart pattern which is known as a ‘cup and handle’. After our call, gold moved higher in an explosive way. Today, we observe a similar chart formation on silver’s chart. The cup and […]
