Relative to recent history, this week’s Commitments of Traders Report contains few notable changes. Looking at the data, the most significant moves include rising net long positions in the euro and falling net long positions in the Australian dollar. Changes in other currencies and commodities were relatively modest. On the bullish side, speculators continue to…
Some people believe that President Trump is so incompetent that none of his initiatives can yield anything positive for the U.S. Leaving aside that his policies have already helped facilitate lower unemployment and higher wages, it appears that his threat to place tariffs on Chinese imports has yielded positive results. As a result, my April 3…
As we put fingers to keys here in pre-dawn San Francisco, it’s been some 10 hours since the US/UK/France surgically precise strike on chemical facilities in Syria. To what extent there is a Russia et alia response remains in the balance. The effect on Gold, be it bought, ignored or sold, we’ll see when the new week…
In my previous piece last week, the only call I made was long GBP/USD. This obviously worked out well, as the currency pair rose by 1.11% over the week. Last week again saw a still-volatile stock market where the S&P 500 ranged above a supportive 200-day simple moving average. The steady fall in stock valuations…
The Ethereum bull market is set to resume. Why do we think so? Very simply, cryptocurrencies in general have stopped their selloff right at secular support levels, and, Ethereum in particular, is doing so in a textbook fashion. The daily price chart of Ethereum embedded below makes the point. In the last 12 months we have…
The economic calendar is normal, with an emphasis on housing. Earnings season begins in earnest, with widespread, high expectations. Especially after Friday’s selloff, many will be wondering: Do stock prices already reflect strong earnings growth? Last Week Recap In my last edition of WTWA I asked whether the Trump Trade had reached a tipping point. That was a…
The EUR/USD pair faces further downside pressure as it looks to extend downside pressure. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely,…
As mentioned earlier this week there are couple of potential candidates for my fund. My favorite one is Dominion Resources as it is a high quality utility company at a cheap price. At the moment it is priced at $63.94 USD which means in the last 3 month there is a decrease of -15.05% and -25.04% from its 52 week high….
Dollar/CAD had a lot of good reasons to fall, with the Canadian dollar enjoying oil, NAFTA, and other hopes. Can the trend extend? The loonie faces the all-important rate decision by the BOC, inflation data, and also the implications of the airstrikes on Syria which happened after markets closed. Here are the highlights and an updated…
The weekend strike by the US, British and French forces against Syria appears to have been conducted in ways that minimize the risks of escalation by Russia. The limited nature of the strike and objectives suggest that the impact on the constellation of forces in Syria will be minimal. There is unlikely to be much of…
