S&P 500 And Nasdaq 100 Forecast – March 16, 2016
S&P 500 The S&P 500 fell during the course of the session on Tuesday, testing the 2000 region and finding plenty of support. The fact that the market turned back around and bounced to form a hammer suggests that the market looks ready to turn around and perhaps continue higher. Because of this, the market […]
Euro/Dollar Stabilized At 1.11 Before FOMC
Yesterday’s Trading: On Tuesday the euro/dollar spent the day in a sideways trend with a 50 point range. The euro received support from the euro/pound which was up sharply after the publication of a survey by the Telegraph. The survey showed that 49% of those asked would like the UK to leave the EU, with […]
EC Bullish Momentum Powers US Utility Stocks In 2016
If the crowd’s worried about the possibility of rising interest rates, the anxiety isn’t showing up in utility stocks. This interest-rate sensitive corner of equities is comfortably in the lead among US sectors, based on a set of ETF proxies. The Utilities Select Sector SPDR ETF (XLU) is ahead by more than 13% in total-return […]
Dollar Firm Ahead Of The FOMC, UK Budget Looms
Since the Federal Reserve hiked rates in December, both the European Central Bank and the Bank of Japan have eased policy further. The idea that because they cut rates means that the Fed cannot raise rates is a not a particularly helpful way to think about that is happening. The market attributes practically no […]
Reactions Mixed On Latest ECB Stimulus
Global markets have been through a roller coaster over the last few months, as weakness in China, depressed oil prices and unprecedented geopolitical risks come from just about every angle. With the Eurozone economy still sagging despite major strides from its largest economy, Germany, the European Central Bank and head Mario Draghi have expanded its […]
FTSE 100: Trades Sideways Ahead Of Today’s Fed Meeting
Trading in the FTSE 100 (FXCM: UK100) has been muted since last week’s ECB rate meeting and price is trapped between the ECB rate meeting low of 6002 and the March 4 high of 6221. A break to the above mentioned range is probably needed if momentum is to pick up. On a break to the upper […]
These Are The Energy Bonds Most Likely To Default In The Next Six Months
Over the past several weeks, courtesy of the jump in oil prices from 13 years lows, the narrowly reopened window granting some companies the chance to sell equity and in some cases debt (and promptly use the proceeds to repay their secured lenders), and the various last-ditch extensions afforded to near-default oil and gas companies, […]
Do Business Cycles Die Of Old Age?
by Timothy Taylor, Conversable Economist Whenever the US economy looks shaky, one of the most common questions I hear is whether this recovery has “run its course” or “gotten old.” The downturn of the US economy during the Great Recession ended back in June 2009, so it’s now been about 80 months of an economy on an (often […]
Global Oil Equation
Costs for servicing oil projects have pulled back considerably after a nice decade of price spikes, but oil servicing costs are going to rise again, necessitating higher oil prices to justify capital allocation behavior. There is no cure for low prices like low prices when the globe utilizes around 95 million barrels of oil per […]
Busy Trading Week For The Cable With Options
Cable has had a good run over the past 2 weeks going from its most recent low at 1.38351 on 29 February to top out at 1.44361 last Friday. This week has seen the Pound stumble again as price has now fallen back down, trading below 1.4150. This week should prove to be a busy […]
