TD Research discusses the USD outlook and notes that its direction is the clear driver of the FX markets now. Here is their view, courtesy of eFXdata: “It is noticeable how the bulls have resurfaced after an extended period of hibernation…We still believe the move hinges on an unwind of a well-populated short USD that…
Shanghai was the star performer today, gaining 1.5% as moves to open the domestic market continues to progress. New rules that will allow overseas listed companies to list domestically is a strong signal that China is open (and encouraged) for business. News that the regulator is to issue draft rules surrounding the issuance of CDR’s…
Everything was calmly elevating just how the central banks want it… and then Iran headlines hit… “Don’t Panic”… Video length: 00:00:10 Stocks soared overnight and extended gains through the open with Small Caps (strong dollar) and Nasdaq (tech short squeeze) outperforming. Then when Trump headlines hit tomorrow’s Iran decision, the S&P and Dow dumped to…
We’re now past the peak of the Q1 earnings reporting period, and the # of companies reporting each day will trickle lower and lower over the next few weeks. While most of the mega-cap companies that every investor pays attention to have already reported their Q1 numbers, there are still plenty of key companies that have…
Video length: 00:07:55 Oil prices surged to their highest levels since 2014 amid increasing demand, rising geopolitical risks and concerns that Trump administration could withdraw from the Iran nuclear deal. The US has to decide about its position on the deal by May 12. Breakdown of the 3-year old nuclear agreement with Iran could lead…
On Friday the S&P 500 retested the 200-DMA support level for the fourth time. The market bounced back and until we get a confirmed break below support the market uptrend remains intact and is bullish for stocks. An article in Seeking Alpha newsletter suggests the current state of the market as a death match between…
Day of Reckoning: Hundreds of thousands of interest-only loan terms expire each year for the next few years. The Reserve Bank of Australia (RBA), Australia’s central bank, warns of a $7000 Spike in Loan Repayments as interest-only term periods expire. Every year for the next three years, up to an estimated 200,000 home loans will be moved…
This past weekend saw many occasions around the world mark the 200th anniversary of the birth of Karl Marx. Rather than lament the rise of one of the most destructive influences of the modern world, most if not all were quite celebratory. The much-loved philosopher, especially in academic circles, has for his followers given them…
On Friday my market risk indicator cleared its warning. The core market health indicators are usually much slower to clear so they’re still mostly negative. The majority of them look like they’ll take several weeks and maybe a month or two to clear. This indicates that we’re probably in for more sideways consolidation, but not…
