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June 2, 2017
Stocks: US Equity indexes continued to make new highs, with exception of the Transports which are attempting a key bullish reversal after a recent price correction. Russell-2000 small caps also failed to achieve a new high and may be encountering some
EUR/USD made an attempt to move higher but never went too far. The highlight of the upcoming week is the ECB decision. Will Draghi upgrade the assessment? Here is an outlook for the highlights of this week and an updated technical analysis
On a day when the US unemployment numbers showed a noticeable number of people leaving the workforce amid a pale 138,000 jobs created – expectations were for 185,000 jobs — traders are nonetheless preparing for a 25 basis point increase in the
Don’t expect Fed to cause Apocalypse The Fed has ample room to shrink its balance sheet by draining excess commercial bank reserves held at the Fed without causing either the economy to crater or debt and equity markets to crash.
When looking at the bond market or eurodollar futures, both tugged by JPY, I don’t think it was just the payroll report that pushed new levels of anti-reflation today. Instead, there is too much that is consistent with a weak
Although the EIA showed a larger-than-expected drop in crude oil inventories, the black gold closed the day only four cents above Wednesday’s closure. Where are the oil bulls? Fundamental Factors and Crude Oil Yesterday, the Energy Information Administration showed that
Market Digest – Week Ending 06/02/2017 Following the holiday weekend, U.S. and international stocks were relatively flat amidst myriad political news and economic data points. Equities subsequently rebounded Thursday with ADP reporting stronger than expected private payroll figures and oil
