EUR/USD Signal Update Yesterday’s signals were not triggered as there was no bearish price action at 1.1000. Today’s EUR/USD Signals Risk 0.75% Trades must be entered before 5pm London time today only. Long Trade 1 * Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0943….
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.24%) are up +0.29% on speculation the U.S. economy is strong enough to handle a Fed interest rate increase next week and European stocks are down -0.21% at a 1-1/2 month low as weakness in oil prices drags down energy producers. As expected, the BOE maintained its benchmark interest rate…
Week 48 of 2015 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. Intermodal traffic squeaked into expansion year-over-year, which accounts for approximately half of movements and weekly railcar counts continued deeply in contraction. This analysis is looking for clues in the rail…
At the peak of the craziness of the last cycle, banks took to protecting themselves by buying (credit) protection on other banks as a ‘hedge’ for systemic risk (which instead exacerbated contagion concerns,seemingly missing the facts that their bids drove risk wider, increaing counterparty risks, and that the inevitable collapse required to trigger these trades would also…
GBP/JPY: With price weakness seen on loss upside momentum, further bear pressure is envisaged in the days ahead. This view remains valid as long as GBP/JPY trades and holds below the 185.38/186.34 resistance zone. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break…
Policy announcements from the Swiss National Bank and the Bank of England are in focus in European trading hours. Both are expected to keep the current setting of monetary policy unchanged, putting the spotlight on accompanying forward-looking commentary. For the SNB, traders will want to know if the central bank intends to beef up stimulus to counter downside pressure on EUR/CHF following the latest expansion…
The case for raising interest rates is wobbly at best, but the Federal Reserve may start the squeezing process at its monetary policy meeting next week. Exhibit A for the hawkish view is the encouraging rise in nonfarm payrolls in October and November. The problem is that there’s no shortage of data that paints a softer profile,…
Banking on three solid quarters of 2015, the board of MasterCard Inc. (MA – Analyst Report) announced incremental capital deployment plans, thereby augmenting shareholder return. In an attempt to boost capital efficiencies, the company hiked its regular quarterly dividend by 19% to 19 cents per share from the prior payout of 16 cents. The raised dividend will be paid…
Although Amazon (AMZN) shares have climbed by more than 100% this year, it’s full speed ahead for Nomura analysts. They raised their target price for the company from $700 to $850 per share based on the opportunities they see in the cloud business, which they have now assigned a higher multiple of 20 times 2017 estimated EBITDA…
There are two broad themes among the major currencies today. The first is the pullback in the euro and yen after yesterday’s run-up. Position adjustments with the help of stop losses seemed to be the key consideration. Both the euro and yen extended the recovery seen in the second half of last week. Year-end considerations, both in…
