The markets started the day with a risk off mood prevailing strongly across the global markets. In Asia, the Nikkei225 closed down 2.42% while the Shanghai Composite managed to gain 1.46%. Despite Japan’s average cash earnings rising 0.90%, more than the forecasted 0.20%, it did little to help sentiment as the yen continued to firm…
Sometimes currency price action can be very helpful, when it comes to whether one should own stocks or not. The US$/Yen has been correlated with stocks fairly well over the past few years. As the US$/YEN was hitting highs over the past year, stocks followed right along with it. Potential is in play, that the…
It’s no secret that we saw the mother of all short squeezes earlier this year, but JPMorgan analysts say all S&P 500 shorts haven’t been covered yet. In fact, they note that the number of shares of companies in the index that are being sold short remains at about the same level it was at in the…
Here is the chart; Bulls pushed the price past that key level and actually into a seven month high today but that was before the export numbers hit the wires. Those were miserable; just like that they reversed course. Two things are at work here. First is the continued wet weather in the Delta. More…
It takes extraordinary dexterity to execute a strategic merger, and then to take first steps toward positioning a new molecular entity for a Phase 3 drug trial and potential partnership with a big pharma. That’s exactly the inflection point at which Diffusion Pharmaceuticals Inc. finds itself, says CEO David Kalergis. In this interview with The Life…
The DAX 30 (FXCM: GER30) is lower by 1.62% at the time of writing. The biggest losing sector right now is the utilities sector, with firms such as E.ON and RWE AG, both of which are involved in energy production, suffering. The softness in the energy shares may potentially be linked to the softer crude oil price,…
Good morning, all. I have long prediction the USD/JPY would fall, and although it has taken a long time, it’s been making its way lower in grinding steps. This is pretty much the exactly opposite of what Japan’s limitless “easing” is doing, since it seems the market is sick to death of Kuroda and is…
The US dollar has retaken some ground but the comeback seems limited, What’s next? The team at Credit Agricole puts the finger on specific currencies: Here is their view, courtesy of eFXnews: Risk sentiment will remain driven by Fed rate expectations and conditions in China. From that angle this week’s main focus will be on Wednesday’s release…
The best large cap sectors are utilities, technology, and industrials. The highest scoring large cap industry is scientific & technical instruments. After rolling scores to reflect the shift to Q2 seasonality, the average large cap score is 60.46, which is below the four week average score of 62.87. The drop in score isn’t surprising given…
With the USDJPY crashing to a fresh 17 month low, sending the Nikkei down 2.3% and taking out levels during which we have seen direct BOJ intervention in both February and March, many were wondering how a panicking Japan would try to push its currency lower. The answer was revealed moments ago, with the following…
