Despite a dicey market we are staring down a full calendar this week and next. There are 13 deals in active marketing now which is pretty good (the system peaks out at around 20 or so because things are still manual, managements doing meetings, etc.) Of the six scheduled for this week five are in the…
Talking Points: – EUR/USD Struggles Ahead of ECB Rhetoric- S&P Calls for Larger & Longer QE Program. – USD/JPY Range Vulnerable to Slowing China, Waning Market Sentiment. – USDOLLAR Continues to Coil as ADP Employment Boosts NFP Expectations- Fed on Wires. EUR/USD Chart – Created Using FXCM Marketscope 2.0 EUR/USD struggles to hold its ground ahead of key speeches by the European Central Bank…
For the broader stock market, Q3 has been the worst quarter with never-ending woes starting from Grexit concerns, China-led deceleration fears to the latest biotech meltdown. Global growth worries, slumping commodities, sluggishness in other developed and developing markets, and an uncertain Fed policy added to the chaos. A slew of worries sent the major U.S….
Back in late 2012, when the former chief of the NY Fed’s markets group, aka the head of the PPT, Brian Sack was replaced with the current head of the NY Fed’s trading desk, Simon Potter, we observed something curious: there was a dramatic, and record, surge in non-commercial bearish VIX bets the moment Potter took…
Following up on his recent arguments with Scott Nations on CNBC (watch them here and here), Peter Schiff compiled a new collection of his 2006 warnings of a housing crash. The parallels between then and now are striking. Just as financial news anchors laughed at Peter in 2006 when he predicted what would become the Great Recession, they…
In the interest of maintaining the tradition of highlighting my failures I will note that there was an NFTRH+ update on Intel based on the H&S pattern. My personal risk tolerance was above 29 (neckline), which was also noted as a tight stop loss level in the update (it is critical to limit losses because…
It seems like only yesterday that Detroit filed for bankruptcy. It’s actually been more than two years since the initial filing, and almost a year since a judge approved the bankruptcy plan. With the stroke of a pen, bond investors with a contractual claim on the city’s assets and revenue were swept away. This had…
Stocks fell most of the day, snapping back only in the last half-hour. Worries about Glencore, Volkswagen, commodities and China remain in place. The bear needs to be fed more bad news if it’s going to keep feeding on investors. 123rf Walk in the woods almost anywhere in America and before long you are going…
Volatility as measured by the VIX index is in an indecisive mode, reflecting the overall market sentiment . New research from Goldman Sachs Group Inc (NYSE:GS) says the VIX is searching for a new trading range after trading near historic low levels over the previous year. Click on picture to enlarge Goldman considers recession levels to determine VIX…
US Session Bullet Report – USD Strikes Back USD is back this afternoon after ADP employment report showed that jobs grew by 200.000 in September versus 185.000 expected. EURUSD broke the pivot of 1.1190 and is trading at 1.1180 at time of writing. Support comes at 1.1160. Speculation for ECB president to add on to…
