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December 15, 2017
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Fundamental Forecast for the US Dollar: Neutral US Dollar drops after FOMC despite seemingly hawkish outcome PCE inflation data, GDP update unlikely to discourage USD bears Successful tax cut vote may help, but it might be priced in already Last week’s FOMC monetary policy announcement was
In recent days the gold stocks (GDX, GDXJ) traded within 1% of our downside targets of GDX $21.00 and GDXJ $29.50. Last week we wrote: “the miners are getting oversold and a bounce could begin from those levels.” GDXJ troughed
The biggest driver for the markets in the past week has been the increased likelihood of getting some sort of tax reform bill passed before Christmas. As of Thursday’s close, the technology sector had gained more than 1.2% over the
The cross closed lower the past week on the GBP/JPY leaving risk of more weakness on the cards. On the downside, support comes in at the 149.50 level where a violation will aim at the 149.00 level. A break below here
The story narrating the retail sector’s transformation is now old. What is coming up is the most happening holiday season, the key yearly event for retailers. This money-making period brings with it a lot of enthusiasm as Christmas and Thanksgiving
Fundamental Forecast for Canadian Dollar: Neutral USD/CAD trades near the monthly-high (1.2902) as the Federal Open Market Committee (FOMC) appears to be on course to further normalize monetary policy in 2018, but a marked pickup in Canada’s Consumer Price Index (CPI) may rattle the
On the latest edition of Market Week in Review, Consulting Director Sophie Antal Gilbert chatted with Chief Investment Strategist Erik Ristuben about the U.S. Federal Reserve (the Fed)’s recent hike in interest rates, the European Central Bank (ECB)’s decision to
Idiosyncratic risk, volatility not explained by the larger beta market environment, is on the rise. Median 63-day rolling risk has not just hit new highs since the financial crisis, the Morgan Stanley report dated December 12 noted. But the idiosyncratic risk has
