The euro’s precipitous decline reflects more than financial market nervousness over Greece’s political stability. Persistent structural weaknesses in much of Europe’s constituents feed the euro’s fragility. The European Central Bank (ECB) watches the euro’s unfolding crisis with alarm. Its most recent reforms allow it to act more decisively in setting monetary policy, much like the US’s…
You never want to fight the Fed…but it is very interesting that they seem to want the stock market to go up. You never want to fight the Fed but you surely need a trading plan in order to succeed in the markets.
Delta Air Lines (DAL – Analyst Report) looks well-positioned to fly higher thanks to favorable industry tailwinds, attractive valuation, and positive earnings momentum. It is a Zacks Rank #1 (Strong Buy) stock. Delta Air Lines offers service to 327 destinations in 59 countries on six continents. It operates a mainline fleet of more than 700 aircraft and serves…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.99%) this morning are up +0.87% on positive carryover from Wednesday afternoon’s Dec 16-17 FOMC meeting minutes that signaled the Fed will remain patient in raising interest rates. European stocks are up +2.12% as signs of economic weakness in Europe spurs optimism that the ECB will expand stimulus. Eurozone…
Utility sector stocks don’t usually excite the crowd, but this corner of the US equity market has shed its dull image lately. Traditionally seen as a safe haven within the broad market, shares of electric and gas utility companies are performing like growth stocks these days. Thanks to the renewed risk-off bias of late, utilities…
EUR/USD Signal Update No signal was given yesterday. Today’s EUR/USD Signals Short Trade 1 Go short after bearish price action on the H1 time frame immediately following the next touch of 1.1893. Place the stop loss 1 pip above the local swing high. Move the stop loss to break even once the trade is 20 pips…
After subdued trading in the overnight session until a little after 8pm Eastern, algos went into overdrive just around the time the Fed’s 2015 voting member and uberdove Charlie Evans told reporters that“raising rates would be a catastrophe”, hinting that the first rate hike would likely be – as usual – pushed back from market expectations…
The combination of the outright deflation in the eurozone and the seemingly immunity of the US economy to the poor global developments has encouraged investors to extend the dollar’s gains. The euro has been pushed below $1.18. Sterling neared $1.50. And the dollar, which was at three week lows against the yen on Tuesday, near JPY118,…
To question money-printing as the one-size-fits-all solution to every economic problem is to question the power structure of the status quo. It is tiresomely obvious that we live in an era dominated by the idea that virtually all economic difficulties can be fixed by printing more money. There are various means of distributing the new money,…
