Morning Call For March 15, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.56%) are down -0.50% and European stocks are down -0.71% as a slide in commodity prices drags down raw material and energy producing stocks. Freeport-McMoRan is down over 5% in pre-market trading as the price of gold drops to a 1-1/2 week low and Schlumberger Ltd. SLB is down over 1% in […]
Iphone Demand For March Quarter Ahead Of Expectations, Says Morgan Stanley
Apple (AAPL) iPhone demand for the March quarter is ahead of expectations, says Morgan Stanley Morgan Stanley analyst Katy Huberty. Huberty reported that the firm’s iPhone Tracker, which is based on sell-through data, implies demand for 56.5M iPhones in the March quarter, which she notes is “far ahead” of the firm’s estimate of 49M iPhones. […]
FX Market Trains Spotlight On Fed
With the Bank of Japan policy decision out of the way, markets can zero in on the US Federal Reserve Bank’s next meeting which concludes tomorrow. Janet Yellen, the chief of the Fed, is expected to affirm markets that US interest rates will continue to rise in the months ahead. Analysts believe that the Fed […]
EU Bullet Report – Currencies In The Spotlight
AUD/USD posted strong gains for a second straight week, gaining 150 points. The pair closed at 0.7555. This week’s highlights are RBA minutes and Employment Change. USD/CAD: The Canadian dollar posted strong gains for a third straight week, gaining about 130 points against the US dollar. USD/CAD closed the week at the 1.32 line and is […]
Buy & Hold Can Be Risky, Too
Holding stocks for the long run has obvious appeal. The historical record shows that if you simply ignore the short-term noise and focus on the next 10 or 20 years, you’ll do fine, and perhaps substantially better than fine. The big risk is that you chicken out midway through the next period of subpar performance. […]
The State Of The Global Economy
Europe sets the tone but will Asia follow……. On Thursday, 10 March 2016, the European Central Bank (ECB) announced a series of 6 significant policy decisions aimed at driving growth, raising production and stimulating overall economic activity. Among the most significant policy decisions was the increase of asset purchases by €20 billion per month, […]
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 […]
