AUD/USD’s downside movement from 0.7813 extended to as low as 0.7655, facing the support level at 0.7642. A breakdown below this level could take the price to 0.7500 area. Resistance is at 0.7700, as long as this level holds, the downtrend will continue.
The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for the sixth time in 3 years and…
After opening the day marginally lower, stock markets in India witnessed buying interest and are presently trading on a positive note. Sectoral indices are trading on a mixed note with stocks in the realty sector and IT sector witnessing maximum buying interest. The BSE Sensex is trading up 165 points (up 0.5%) and the NSE Nifty is trading up 57 points (up 0.5%). The BSE Mid…
Paul Krugman demonstrates just how simple models can and should be. He presented a trade model on the New York Times opinion pages. He also apologized for extreme wonkishness, but I don’t think he had to. His aim is to find an example in which Trump’s tariffs on steel cause lower wages (also for steelworkers)….
It’s self-evident that we cannot possibly understand trade, soaring corporate profits, Facebook’s data collection or the economy without understanding the core role played by Big Data in reaping outsized profits and pushing narratives. Let’s connect the dots between these two comments from longtime correspondents: the first is on the model of collecting and selling data (Big…
Take a look at three trading ideas to prep you for the next trading session. Long Wayfair (W) Long Shake Shack (SHAK) Short Royal Caribbean Cruises (RCL)
As the markets head into the final week for the month of April, the economic calendar continues to steam ahead with lot of economic releases. Central bank meetings take the spotlight this week with both the European Central Bank and the Bank of Japan lined up. No changes are expected from either of the central…
CTAs and quantitative funds are just starting to recover from the historic drubbing they endured during the February “volocaust” when stocks and bonds fell simultaneously in defiance of the funds’ carefully calibrated assumptions about asset-price correlations. And with speculative traders still struggling to fill the void left by the death of XIV (and many desperate to…
The latest results from the weekly surveys on Twitter showed some very interesting trends in investor sentiment towards both the bond market and the stock market. Below we look at some key charts from the survey as well as some data on fund flows and futures positioning and we discuss the possibility of another stock + bond…
After rallies that lasted a little over two weeks, selling began on major US equity indices last week right at important resistance. This likely continues near term. US capacity utilization in March rose 0.4 percent month-over-month and 3.3 percent year-over-year to 78 percent. In the current cycle, utilization peaked before reaching 80 at 79.6 percent…
