Global equity markets are higher, following the stunning recovery in the US yesterday, where the S&P 500 rallied 76 points or 3% from its lows to it highs, near where it finished. The outside up day is seeing following through today. Without China and Hong Kong, which are on holiday, the MSCI Asia Pacific Index snapped…
GBP/USD 4 hour The GBP/USD is moving sideways at the 50% Fibonacci level of potential wave 4 (green) retracement. The support and resistance level of this consolidation zone are key zones for a bullish or bearish breakout. A bearish break could indicate that the current range is a wave B or 2 and increases the…
Previous: On Wednesday the 4th of April, trading on the euro/dollar pair closed slightly up. Volatility was consistently high throughout the European session. Still, the exchange rates on the majors didn’t differ much from Tuesday’s closing prices. The trade conflict between the US and China is weighing down on the dollar, while giving a boost to…
About a year and a half ago I wrote a post on the current equity market that broke out of a thirteen year trading range in 2013 and compared it to the bull markets of the 1950s and 1980s. A number of policy issues being pursued today have similarities to ones in those two decades and below…
Reader Bruce Hall, opining on the impact of mooted Chinese tariffs on US hog and soybean exports. As with pork, it looks as if the cost of food is going down for Americans as the Chinese bury their citizens in food price increases. I’m teaching international trade this semester, so this is a good time to remind my…
WTI Crude Oil The WTI Crude Oil market fell significantly during the trading session on Wednesday, reaching down to the previous uptrend line that has been keeping this market afloat. I think that the market will continue to be very noisy in general, and especially with the jobs number coming out on Friday. I think…
Just two mines supply the United States with half of its silver production, and both are located in Alaska. It’s quite amazing that Alaska now produces half of the silver for the U.S. when only 30 years ago total mine supply from the state was less than 50,000 oz per year. The silver produced in…
After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the metal sector and realty sector witnessing maximum buying interest. The BSE Sensex is trading up 455 points (up 1.4%) and the NSE Nifty is trading up 147 points (up 1.5%). The BSE Mid Cap index is trading up by…
One of the greatest things about the financial markets is being able to invest in companies that are run by people who are experts in their area. Investors can also access strategies that are not available to individual investors, unless they have multiple millions in net assets. Blackstone is one of the world’s leading investment…
Emerging market equities had a dream run since the bottom in 2016 (where, if you recall, they took a pummeling as a number of EM economies went into recession, China slowed, currencies crunched, and commodities crashed). But if you look at the long term cycles of EM vs US relative performance, it appears that EM equities…
