On Thursday, ECB president Mario Draghi lowered the deposit rate on money parked at the ECB to -0.4% from -0.3%. Draghi also cut the main refinancing rate by 5 basis points to 0%. How low can he go? Is there
March 13, 2016
Lifecos Although innocent bystanders in the 2008 financial crisis, the life insurance companies were most impacted by the knock-on effects of the fall in equity prices, declines in long-term interest rates, poor credit quality of debt and a general decline in economic
GBP/USD posted strong gains for a second straight week, as the pair climbed 150 points. GBP/USD closed the week at 1.4366. This week’s highlight is the Average Earnings Index Employment Change. Here is an outlook on the major events moving the pound and an updated
The Federal Reserve has wielded an undue amount of influence in the market’s recovery rally since the 2008 recession. Its accommodative monetary policy and quantitative easing (“QE”) have made for a most potent cocktail, “stimuflating” both asset classes and investor confidence. What
Gold: With Gold rejecting higher level prices to close lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a
Select Income REIT (SIR – Snapshot Report) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SIR broke out above the 200
As mentioned last week on Twitter, I thought to provide some observations with TPO [time-price opportunities] and volume profiles. We will take a look on the WTI Crude oil market as it seems most traders are in love with this
In a regulatory filing Friday, Chipotle (CMG) stated, “In light of the challenges we faced during 2H15 and the resulting decline in the price of our common stock, in February 2016 the compensation committee of the board awarded performance shares
EM enjoyed an extended rally last week, and it should carry over to the early part of the week. The Wednesday FOMC meeting poses a risk to EM, especially if markets continue to price in a more hawkish Fed. The dot
Sometimes what determines the health of a trend is not the immediate momentum but the capacity for coming back from a setback. In the last T2108 Update, I described how the market suffered a setback rare for this post-oversold bounce. On
