While many are thinking that the sharp rise in the price of oil is an overnight sensation, the reality is that this is a bull market that has been years in the making. When the price of oil double bottomed near $26 a barrel in 2016, I predicted that it would be a generational low…
Overnight Markets and News Jun E-mini S&Ps (ESM18 -0.10%) this morning are down -0.18% and European stocks are down -0.05%. Higher interest rates are undercutting stocks as the 10-year T-note yield rose to a 4-week high of 2.89% and the 10-year German bund yield climbed to a 4-week high of 0.574%. An increase in inflation…
The Technical Confluences Indicator shows that the recent slide of the USD/CAD breaches a dense cluster of technical support lines at C$1.2615. Below, there are only weaker lines, so the door is open to testing the lows at 1.2550. The dense cluster that has been breached is around 1.2615 which is the convergence of the SMA50-4h, the one-hour low, the…
Deutsche Bank’s chief international economist warns that inflation risk is rising, posing the main threat for the investment outlook. Some analysts disagree, although the Treasury market seems to be pricing in this risk. The implied inflation forecast via the yield spread for the nominal 10-year rate less its inflation-indexed counterpart ticked up to 2.16% on…
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day in the green. Sectoral indices were mixed, with stocks in the metal sector and stocks in the capital goods sector leading the gains. At the closing bell, the BSE Sensex stood higher by 95 points (up 0.3%) and the NSE Nifty closed up by…
The super powers in the West are doing what they can to provoke Russia and indirectly China and Iran into a world war. Most people alive today were not adults when WWII started and therefore did not follow the lead up to the war. But today the whole world can watch how the West has…
Much has been made of the recent trend of dollar weakness, particularly against the euro. As of this writing, it was at $1.24. As recently as April 2017, it was at $1.06.1 Has It Mattered for Equity Investors? On the face of it, the answer to this question has been yes. U.S. investors haven’t necessarily…
Much has been made of the recent trend of dollar weakness, particularly against the euro. As of this writing, it was at $1.24. As recently as April 2017, it was at $1.06.1 Has It Mattered for Equity Investors? On the face of it, the answer to this question has been yes. U.S. investors haven’t necessarily…
A light news stream and less trade rhetoric lend the equity markets a positive impulse amid a strong US earnings season while leaving the dollar narrowly mixed. The MSCI Asia Pacific Index rose 0.5% and is up 1% for the week with one session left. It would be the second consecutive weekly advance. The Dow Jones Stoxx…
Previous: On Wednesday the 18th of April, trading on the EURUSD pair closed slightly up at 1.2373. The single currency got a significant boost from the EURGBP and EURCAD crosses. The pound dropped against both the dollar and euro following the release of disappointing UK inflation figures for March. The Canadian dollar lost ground to the…
