The consolidation/correction in the US dollar that we anticipated on technical grounds was brief and shallow. A series of developments seemed to play into the bears’ hands.The developments from the shift in how China sets the reference rate, the wariness of
January 14, 2018
This article is educational. We analyze one great case which highlights the importance of chart analysis. In particular it is a triangle breakout, a textbook pattern in chart analysis, which is very high reward/low risk setup for investors. Case in
Fundamental Forecast for Crude Oil Prices: Bullish Crude remains bid as the Organization of the Petroleum Exporting Countries (OPEC) and its allies extend the production cuts from 2017, and oil prices may continue to exhibit a bullish behavior as the group stays on course to reduce
Following the first full week of trading in 2018, the S&P 500 is up over 3% for the first nine days of trading in the new year. That index is edged out by the Nasdaq Composite Index, which saw a
EM FX continues to rally as the dollar remains on its back foot. With no obvious drivers this week that might help the dollar, we believe EM FX can extend the recent gains. Still, we continue to advise caution when
GBP/USD defied gravity and worrying data to stay afloat, taking advantage of the weakness of the US dollar and eventually ended the week at the highest levels since the Brexit vote. The upcoming week features the inflation report and retail sales
The economic calendar is normal, with a holiday-shortened week and some ongoing political worries. Competing with the Washington Circus will be Q417 corporate earnings reports. The former topics will have greater news interest, but investors should be digging into the
The British pound fell initially during the week but then rallied rather significantly. More importantly, we broke above the 1.3650 level, which was the scene of a massive gap lower after the vote to move away from the European Union.
The global stock of negative-yielding debt is shrinking rapidly in 2018. A hallmark of the post-crisis policy regime, sub-zero yields signaled both investors’ persistent fear of the deflation boogeyman and expectations of continual support from policymakers. The willingness of the
Crypto bulls rejoiced on Saturday when a report in South Korea’s Chosun Ilbo repudiated the Justice Ministry’s warning that it would seek to stifle digital-currency trading in South Korea, and instead, the country is planning to implement a real-name accounting system. The
