GBP/USD: Sells Off On Price Weakness
GBP/USD: The pair followed through lower on the back of its Monday losses on Tuesday. This development leaves GBP/USD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below […]
Coming Up Short In 2016
January’s wild ride set the tone for a jittery year in market performance. While the first quarter of 2016 has managed thus far to recover from its precipitous initial swoon, investors aren’t feeling comfortable with the current state of affairs. Fed policy regarding interest rate direction, a strong dollar, and depressed commodities are key factors […]
GBP/USD Loses 1.42 On Heightened Brexit Fears
A fresh opinion poll in one of Britain’s leading newspapers, the conservative Telegraph, shows a small lead for Britain leaving the European Union, with elevated enthusiasm for the Leave campaign, according to the Lynton Crosby survey. Immigration is the key sticking point. This weighs on the pound, with GBP/USD extending the “risk off” slide below 1.42. Update: the pair […]
DAX 30: Price May Find Short-Term Respite
In the days following the latest ECB rate meeting, the DAX 30 breached its January 27 high of 9922, an act which has invariably propelled price higher, but what is the health of the overall trend? The overall trend is bearish since March 10, 2015 as clearly seen in the chart below. This is supported by the ever […]
E Yen Relations With Chinese Economy
Japan’s yen went down last week as their neighbor China reported better than expected figures in consumer price growth, putting an end to any possible monetary easing. The CPI (Consumer Price Index) went up at a higher pace than expected in the month of February, pushing China into a narrow corridor for what regards any […]
An Imperfect Circle
DOW + 15 = 17,229SPX – 2 = 2019 NAS + 1 = 4750 10 Y – .02 = 1.96%OIL – 1.15 = 37.35 GOLD – 15.10 = 1236.00 No economic reports scheduled for this morning, but the remainder of the week will be busy. The Fed FOMC will release their economic forecast along with their […]
Gold Drops As Investors Lock In Gains Ahead Of FOMC
Gold prices ended Monday’s session down $15.27, to settle at $1234.96 an ounce, pressured by strength in the dollar and global equity markets. The market initially tried to break upwards but came under fresh selling pressure at around the $1258.60 level where the Tenkan-Sen (nine-period moving average, red line), Kijun-Sen (twenty six-period moving average, green […]
Dollar And Yen Firmer
The US dollar is steady to firmer against most of the major and emerging market currencies. Equity markets are heavier, and oil continues to surrender some of its recent gains. Profit-taking is weighing on eurozone bonds and JGBs while US Treasuries and UK gilts are firmer. The main exception to the firmer dollar is the […]
Catch These Brazil ETFs On A Rebound
With a highly charged political drama in the backdrop, the Brazil stock market has been one of the best performers this year. The benchmark Ibovespa is up 14.5% year to date (as of Mar 11, 2016). This rebound in Brazil after a disappointing 2015 can be attributed to improving commodity prices and a new round […]
Silver-Gold Ratio A Party Pooper
Look folks, I realize that the last month has been fun for everybody with stocks and commodities bottoming and joining the bounce party. Reproducing the Multi-asset chart from NFTRH 386 once again, we see that gold led the whole thing by a couple of months and as of this morning’s pre-market post was pretty much still in […]
