Dollar/yen made a move on 110 but failed to break to higher ground. The pair eventually ended the busy week almost unchanged. Is this a necessary consolidation or the beginning of a downfall? The US inflation report stands out as the ultimate decision maker for the next moves of the pair as geopolitics slide to the…
Stocks may have logged a small loss last week, but it could have been worse. Much worse, in fact. For a couple of hours on Thursday the key indices were below some pivotal support lines. They ended up reversing their intraday losses, setting up a nice gain on Friday that pushed us back to…
One has to wonder what alternate universe the ECB resides in, for multiple reasons. Mission Accomplished – Not Reuters reports ECB making ‘substantial’ inflation progress: Praet. “We cannot yet declare ‘mission accomplished’ on the inflation front, but we have made substantial progress on the path towards a sustained adjustment in inflation,” Praet, considered a dove on the…
Say what you will, US President Trump is vigorously projecting what he believes are American interests. There is virtually no sign of the isolationism that many observers had anticipated. Indeed, as we have argued, the America First rejection of the League of Nations that Trump harkens back to was not isolationist as much as unilateralist. And…
The global smartphone market has finally gone ex-growth as China’s slowdown continues. In turn, the market is starting to polarise – with Apple pushing further up-market whilst Chinese brands such as Xiaomi focus on volume. Samsung’s middle market positioning looks increasingly under threat: The chart shows Q1 sales for Samsung, Apple, the 3 top…
On Wednesday, May 2, we issued a research post supporting our position that the markets were nearing an apex breakout and that critical support and resistance levels had established within the market.We indicated that volatility is usually quite high throughout these apex breakout moves with the potential for a “wash-out” price rotation in the works.In…
I don’t know, maybe there’s a strategy here, but if there is, it is not readily discernible. As you’re undoubtedly aware, Elon Musk treated two analysts to a healthy dose of STFU on the Tesla (TSLA) call Wednesday evening after they made the “mistake” of asking him “boring” questions about trivial matters like capex and…
An incredible sigh of relief – for money managers, has them enthused that all woes of significance are over; and Goldilocks has returned. Even the Fed’s Williams reinforced that view, with his remarks. Back to ‘Goldilocks’. We won’t complain if it’s really the case, as I have called for volatility phases in this market, not…
Two time best-selling book author and TalkMarkets contributor Nomi Prins, says the rescue policies of the 2008 financial crisis are still with us today. Prins is out with a brand new book called “Collusion: How Central Bankers Rigged the World.” The enormity of our current global debt problem is caused by central bankers. Prins explains, “It…
Ferrari’s stock price rose 11 pct this week on earnings. Investors would intuitively look to read news in order to understand whether Ferrari’s (RACE) stock is a buy in 2018. However, at InvestingHaven, we reverse our approach: first the chart, then the news and only the 1% of the news that really matters. As Ferrari’s…
