Broadly defined commodities posted the strongest advance last week for the major asset classes, based on a set of exchange-traded products. The gain marks the second week in a row that raw materials prices topped the performance list. The iPath Bloomberg Commodity (DJP) edged up 0.8% for the five trading days through Friday, April 20. The gain…
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day in green. Sectoral indices were mixed, with stocks in the realty sector and stocks in the pharma sector leading the gains. At the closing bell, the BSE Sensex stood higher by 35 points (up 0.1%) and the NSE Nifty closed up by 21 points…
Traditional Markets The first time Donald Trump met with Emmanuel Macron the two shared a special handshake that will be analyzed by political scientists for years to come. When they met two months later it seemed they simply couldn’t let go of one another. Though both of the above-linked videos are highly entertaining, the agenda for Macron’s three-day visit to…
Previous: On Friday the 20th of April, trading on the EUR/USD pair closed down. The single currency dropped against the dollar to 1.2293 during the European session, falling further to 1.2249 in the US. An increase in US bond yields gave way to rise for the US dollar. US10Y bond yields hit a high of 2.966%;…
The new week has begun much like last week ended, with rising rates helping to extend the dollar’s recent gains. The US 10-year yield is flirting with the 3.0% threshold. The two-year yield is firmer, and, like in the second half of last week, the US curve is becoming a little less flat. The market, as…
AT40 = 55.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 46.4% of stocks are trading above their respective 200DMAsVIX = 16.9Short-term Trading Call: cautiously bearish Commentary The stock market faded from bullish undertones and back into the resting position. Now we can just look back at what could have been. This is like a painting…
Global stocks stumbled on Monday ahead of an avalanche of earnings in this season’s busiest reporting week but the big story overnight was the spike in 10Y Yield which climbed as high as 2.9957%, the highest level since January 2014, and nearing the psychological 3% level which has triggered market spasms and more than one tantrum in…
Weak smartphone demand implies a soft global growth ahead, continue to Short USD/JPY at peak? Five reasons to explain the flat bond yield curve One of the iPhone maker’s biggest suppliers, Taiwan Semiconductor Manufacturing, warned last week of weak demand from the mobile phone sector. The warning heightened concerns about a slowdown in smartphone sales….
Gold ended the week down $9.89 at $1335.68 an ounce, weighed down by a strong dollar. The dollar rose to its highest level since January after a series of economic data out of the world’s largest economy came out better than expected. Global stock markets were mostly firmer last week. U.S. stocks tumbled on Friday,…
USD/CAD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.3124 had completed at 1.2526 already. Further rally would likely be seen after a minor consolidation and next target would be at 1.2900 area. Support is at 1.2600, as long as this level holds,…
