Last week we noted that Gold’s quarterly close would be a key marker for Gold’s immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence,
March 31, 2018
The economic calendar has several of the most important reports. The managerial rosters will be back at full strength, perhaps after an extra day or two off. Investment committees will consider implications from Q1 results. Pundits will try to explain
Talking Points: The key issue of US-China trade tensions is how quickly China is moving towards a market-oriented economy. 2006 was a turning point for trade relations when the US believed China’s market liberalization slowed. Measures introduced by China between 2016 and 2017 rekindled concerns by the US, landing us
The S&P 500 is hovering just above its 200 day moving average right now. When the S&P 500 flirts with its 200 sma but doesn’t break below it, it usually breaks below this moving average soon. This is a short
EUR/USD made a move to the upside but quickly returned to the known range. Will it pick a new direction now? Inflation figures and PMI data stand out as a new quarter begins.Here is an outlook for the highlights of this week
WuXi AppTec announced a $910 million IPO on the Shanghai exchange for the company’s core small-molecule CRO business (see story). China regulators approved WuXi’s prospectus in a short seven weeks, indicating that they are very eager to list the company, China’s largest CRO, on a domestic
One of the most basic but important questions traders have to ask themselves is whether the market they are looking at is trending or moving sideways. The tactics and tools vary according to the answer. The turn of the calendar–a new
First, the good news. Despite all of the volatility over the last two months, a seemingly brutal quarter for investors came to an end with a staggering loss on the S&P 500 of -1.22% or about -0.76% including dividends. I
“The discount on the Canadian effective price (CEP) vis-à-vis WTI has risen to over US$20, more than double its 2017 average (US$9.61). Futures contracts currently suggest that the differential between WTI and the CEP will narrow to the US$15 range
