After opening the day in green, share markets in India witnessed choppy trading activity throughout the day and are presently below the dotted line. Sectoral indices are trading on a mixed with stocks in the pharma sector and stocks in the realty sector leading the losses, while stocks in the pharma sector are trading in green. The BSE Sensex is down by 11…
The dollar may start to rebound amid the rest of the central banks turning dovish, short EUR/USD? Global rates’ differential to determine capital flows toward end of 2018 The current focus for FX Traders around the world should be on how global central banks aim to slow the pace of tightening, instead of projecting how…
Thoughts April was probably the stock market’s bottom. Momentum became very oversold in April. The road to a new all-time high won’t be easy. It’ll probably take at least a month. Buybacks are still far below 2007-levels. Not a sign that the equities bubble today = the equities bubble of the 2000s. The stock market…
Way back in 1997, the Federal Reserve surprised the financial community with comments relating to the S&P 500 and interest rates. “The run-up in stock prices in the spring was bolstered by unexpectedly strong corporate profits for the first quarter. Still, the ratio of prices in the S&P 500 to consensus estimates of earnings over the coming…
Looking at this week’s Commitments of Traders Report, speculators are selling inflation-sensitive currencies including the Japanese yen and the Swiss franc. The British pound remains out of favor following both poor economic data and weak guidance from the Bank of England. Finally, speculators also dumped positions in the Australian dollar, thanks to ongoing US-China trade…
There is a little-watched and relatively obscure set of indicators produced by Thomson Reuters and Ipsos, called the primary consumer sentiment indexes. These provide a standardized approach to measuring consumer sentiment across a number of countries, and provide timely insight into consumer trends globally. With the release of the May data this week I thought it…
Monday’s swing-trades: Long Weight Watchers (WTW) Long Nvidia (NVDA) Short InterActiveCorp (IAC)
S&P 500 The S&P 500 has rallied again during the session on Friday, as we continue to see a lot of strength. I believe that the 2700 level underneath is massive support, and I believe that if we can stay above that level, we will continue to go higher. After all, we have made a…
Commodity prices fell on Friday, with crude oil and gold prices down in tandem as bets on rising lending rates undercut the appeal of non-interest-bearing and anti-fiat alternatives. The spread between two- and ten-year US Treasury bond yields widened as borrowing costs at the longer end edged up. OPEC, EIA TO INFORM CRUDE OIL SUPPLY OUTLOOK From…
The market expects a 100% chance of a hike in June and a 78.2% chance of at least one more hike by September. Then what? December Rate Hike Odds 10-Year Treasury Yield vs Fed Funds Rate 10-Year Treasury Yield Minus Fed Funds Rate When Will the Yield Curve Invert? Assuming the 10-year yields remains at…
