Author Archives: Darren Marchal

“It’s Not A Happy Start”: Second Half Opens Wit

Bulletin headline summary from RanSquawk Risk tone soured in Europe as US tariffs concerns and German political instability lead all equity markets into negative territory US President Trump said he spoke to Saudi Arabia’s King Salman on raising production by as much as 2mln barrels and that prices were too high, which the Saudi ruler…

Trade Tensions Overshadow Jobs Data

If the rising trade tension is hurting global growth, short AUD/USD? US trade restrictions, including threatened tariffs on cars and auto parts, would put “the global free trade system at great risk”. Data over the weekend shows that China export orders tumbled, dropping from expansion into contraction, which is a clear sign that trade-war concerns…

American Shipping Serves American Ports

Today I’m reviewing small-cap Norway based shipping and ports firm. It’s name is American Shipping Company ASA It’s trading ticker symbol is ASCJF.   American Shipping Co ASA is a ship owning and lease finance company with a fleet product tankers and shuttle tanker operating in the U.S. domestic trades. American Shipping Company ASA operates a…

The S&P 500 In The Final Week Of 2018-Q2

We know that this next week will be a holiday week for U.S. markets, so we’re just going to go straight to the charts this week to recap the fourth and final week of June 2018! Because we’re at the end of 2018-Q2, it’s also time to look ahead into the alternative futures of 2018-Q3……

AUD/USD Daily Analysis – Monday, July 2

AUD/USD moved sideways in a trading range between 0.7322 and 0.7443. As long as 0.7443 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7676 and a breakdown below 0.7322 support could take the price to 0.7200 area. Only a breakout of 0.7443 resistance could signal completion of the downtrend.

Independence Day: Full Week Ahead Preview

Different week, same focal point for markets: it’s all about trade. Last week ended with a broadside from GM which, in comments filed with the Commerce Department, warned that tariffs could lead to U.S. job losses. On Saturday, Peter Navarro dismissed that as “smoke and mirrors.” Let’s see what Trump has to say or, more to the…

Chart: US Credit Managers’ Index

This week the attention falls on the popular Purchasing Managers’ Indexes (PMI) as just about every country in the world provides a timely insight into how their economy is tracking. But one report that often flies under the radar is the US Credit Managers’ Index (CMI) which provides an insight into the US economy and in particular –…