Today we preview a possibly pivotal FOMC meeting if the Fed decides it is time to surprise the market on the hawkish, while we also recognize the risk that the meeting may do little to jolt this market. We also look into likely drivers of the sharp weakness in Chinese...
Market Quick Take – June 16, 2021
Equity markets took a breather yesterday ahead of the important FOMC meeting later today, where investors will look for the latest Fed observations on inflation and any hint of growing discomfort after remarkable spikes in US inflation data of late. Any hawkish shift from the Fed could unsettle a very...
Inflation Watch: PPI, and Green Price Pressures
Equities trading sideways as anticipation ahead of tonight’s FOMC grows, however overall, recent strength suggests assurance that the Fed is not set to rock the boat and surprise on the hawkish side. Soft payrolls give the Fed the cover to keep a relatively steady hand in face of mounting inflation...
The No. 1 Investing Lesson: This Profitable Pattern
Most of the time, secular bull markets last longer than secular bear markets, and their gains exceed the latter’s losses.
Green transformation stocks are back on tidal of demand
Our green transformation basket is bouncing back from a 27% drawdown as investors got scared over rising inflation expectations and rising commodity prices, but the recent sentiment shift of lower inflation expectations and massive government incentives in the green transformation have lured investors back into green stocks. As we alluded...
USDOLLAR Showing Strength Ahead of Fed Release
FXCM's USDOLLAR index is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be...
Footonomics by Jakobsen & Garnry #5
Footonomics by Jakobsen & Garnry is about the serious and fun differences on macro and equities between two countries playing in the UEFA EURO 2020 tournament.Match: France vs Germany Macro: Nationalelf vs. Les Bleus Germany wins on Misery Index (CPI + Unemployment + Budget deficit) with 13.8 vs. France 18.3. Very...
US10Y Direction Will Influence NAS100
The US10Y started trending up in February. This adversely affected the NAS100 as growth stocks started to feel the pinch of higher discount rates. The 10-Yr reached a high of around 1.75% at the end of March and then began to pull back (red vertical). This supported the NAS100 and...
GBPAUD facing bullish pressure |15th June 2021
Prices are facing bullish pressure from ascending trendline support in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices push down, prices will take support from horizontal swing low support...
GBPJPY facing bearish pressure, potential for further downside!
GBPJPY is facing bearish pressure from descending trendline resistance. Prices might push down from horizontal overlap resistance in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement as well as 100% Fibonacci extension. If prices...