Morning Call For March 14, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.21%)are down -0.15% as investors focus on the outcome of the Fed’s 2-day policy meeting that begins tomorrow. Also, a-1.92% decline in crude oil prices has undercut energy producing stocks. European stocks are up +0.92% as a weak euro boosts automakers and as strength in copper prices lifts mining stocks with […]
Central Bank Rally Fizzles: Equity Futures Lower As Attention Turns To “Hawkish Fed” Risk
The biggest macro development over the weekend was China’s latest “gloomy” economic update, in which industrial production, retail sales and lending figures all missed estimates, however now that we are back to central bank bailout mode, bad news is once again good news, and the Shanghai Comp soared +1.7% among the best performers in Asia […]
Investing In ETFs: The Introduction
I’ve received many questions over the last few years about ETFs: what are they and can you actually make any money investing in them? Let’s go basic first and explain the concept of this amazing items called Exchange Traded Funds (ETFs). They are all the rage in the investing world and actually offer a great […]
Can The BOJ Weaken The Yen?
After the ECB’s big stimulus package beat market expectations but eventually backfired, the focus is on the Bank of Japan. This BOJ meeting is an important one with special guests and more legitimacy to act after Draghi’s move and the worrying data. The market mood has worsened over the weekend, contrary to the upbeat feeling […]
EUR/USD Forex Signal For March 14, 2016
EUR/USD Signal Update Last Thursday’s signals were not triggered as the price action was beyond the respective levels. Today’s EUR/USD Signals Risk 0.75% Trades may only be entered before 5pm London time today. Long Trade 1 * Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch […]
Risky Assets Rally For Fourth Week In A Row
Positive momentum continued to lift risky assets last week, based on a set of proxy ETFs for the major asset classes. For the fourth straight week, the risk-on trade prevailed. The ongoing rally continues to pare the red ink in the trailing one-year-return column, which is inching closer to an even split between winners and losers. Leading […]
Forex Strength And Comparison, Week 11
13 Weeks Currency Score Strength for Week 11 (beginning 13 March, 2016) The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. This data and the “3 months currency classification” are considered for choosing the preferred range. Because it is not ideal nor desired to change the range for a currency every […]
Japan Is “Fixed” – Machine Orders Suddenly Spike By Most In Over 13 Years
The Aussies did it with their employment data (and then admitted it), and now we see Japan’s Economic and Social research Institute post the most ridiculous macro print ever. Over 4 standard deviations from expectations and almost double the highest expectations, Japan Machinery Orders spiked 15.0% MoM – the biggest since Jan 2003. Up 15% MoM versus […]
Dollar Firmer To Start The Week
The US dollar is firmer but largely confined to the ranges seen before the weekend against most of the major currencies. The yen is also firmer as dollar sellers reemerged near JPY114.00. The dollar is gaining against most emerging market currencies, though Asian currencies, notably the Korean Won, are firmer. Although emerging market currencies and commodities are heavier, […]
EUR/USD And GBP/USD Forecast For March 14, 2016
EUR/USD The EUR/USD pair initially fell on Friday, but found enough support near the 1.11 level to turn things around and form a bit of a hammer. This of course is a very bullish sign, and I believe that we are now ready to go much higher. Because of this, I am a buyer of […]
