GBP/USD: The pair remains vulnerable to the downside having continued to face bear pressure. On the downside, support lies at the 1.2300 level where a break will turn attention to the 1.2250 level. Further down, support lies at the 1.2200
December 20, 2016
After the Federal Open Market Committee raised the Federal Funds rate by 0.25% last week it became clear that Janet Yellen and her predecessor Ben Bernanke have laid a trap for President-elect Donald Trump. Each time the FOMC raises rates,
The best large cap sector is industrial goods. The highest scoring large cap industry is farm & construction machinery. The average score in our large cap universe is 70.03. Over the past four weeks, this score has averaged 69.04. The
EUR/USD: Downwards The pair EUR/USD has dropped to the lowest level in over the year, below the support-turned-resistance at 1.0500. From here, and with the daily close below the 1.0500, could open the door for lower levels. Otherwise, a move
Written by Gavekal Capital Blog The British Pound is hovering near its one-month low of 1.23 versus the USD. While most investors are aware of how much the pound has fallen since Brexit, prior to which the GBP fluctuated in a
It appears nothing can stop the upward moment of equities heading into the year end, and as has been the case for the past few weeks, US traders walk in with futures higher, propelled by European stocks which climbed to
Indian share markets continued to trade flat with negative bias in the afternoon session amid mixed international markets. At the closing bell, the BSE Sensex stood lower by 67 points, while the NSE Nifty finished down by 22 points. Meanwhile, the S&P BSE Mid Cap & the S&P
USD/JPY 4 hour The USD/JPY has built a bearish retracement within the uptrend. A break above the resistance level (red) could see price continue towards the Fibonacci targets. 1 hour The USD/JPY completed a shallow wave 4 pullback (orange) at
Over this past weekend, Barron’s Magazine published its big story the “2017 Market Outlook.” Here is what was interesting, after 8-years of a bull market advance not one of the forecasters had a “bearish” outlook. In fact, as the article concludes: “If all goes smoothly, our
WTI Crude Oil The WTI Crude Oil market went back and forth during the day on Monday, as we are entering one of the least liquid times of the year. I believe that the market will continue to see volatility
