Market Quick Take – May 6, 2021

The rally attempt yesterday in US equity markets failed, with the main averages closing near the lows of the day and little changed versus the previous day, while Japan and China came back on-line overnight after a three-day holiday this week, with Japan more upbeat and the latter suffering an...

Breakout Identified in EURJPY

The Breakout Opportunities system has just bought EURJPY at 131.371. The system recommends entering this trade at any price between 131.276 and 131.518. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.397, suggesting that the EURJPY may have further...

Inflation Watch: Inflation Debate Intensifies

Although the Fed continue to maintain that inflationary pressures will be transitory, signs that may not be the case continue to intensify. Whilst Covid-induced bottlenecks, base effects and supply chain dislocations may be transitory, beyond that residual impacts remain. Using linear CPI models from a regime characterised by secular stagnation...

China signals diplomatic rift is alive and well

China today announced the "indefinite" suspension of all activity under a China-Australia Strategic Economic Dialogue, underscoring the ongoing diplomatic rift between the two countries. Over the last year, the relationship has clearly deteriorated, and investors should expect these tensions to remain.China today announced the "indefinite" suspension of all activity under...