Third Quarter Begins With A Thump

The window dressing ahead of the end of Q2 failed to signal a turn in sentiment. Equity markets have taken back those gains and more. The US dollar is broadly firmer, though it was coming off its best levels near midday in Europe, and the three-basis-point slippage puts the US 10-year yield at 2.83%, its lowest…

Corporate Profits Are Trending Higher. The Equities Bull Market I

As we’ve demonstrated here at BullMarkets before, the U.S. economy, corporate profits, and stock market all move in the same direction in the medium-long term. The final reading for Q1 2018 GDP (released June 28, 2018) demonstrates that corporate profits are still rising. And for all the people who think that earnings numbers are “manipulated”…

The Active Dominant Cycle: July 2 Major Swing Low

Review: From the June 4th Raj T&C Weekend Email (One month ago): “There is a cluster of 6-7 fixed cycles all due end June/early July that should be a major High or Low” Actual: The fixed cycles due end June/early July: the 80 CD Cycle, the 90 CD Cycle, the 95 CD Cycle, the 32-33 wk cycle, the 5 Month cycle and the 1308 CD Cycle are all due late June/early July should be a major swing Low…

“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…

USD/CAD Weekly Analysis – Monday, July 2

USD/CAD extended its downside movement from 1.3385 to as low as 1.3129. Further decline could be expected after a minor consolidation and next target would be at 1.2860 area. Resistance is at 1.3220, as long as this level holds, the downtrend will continue.

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…

USD/JPY Bullish Channel Breaks Triangle Chart Pattern

USD/JPY 4 hour The USD/JPY bullish channel is breaking above a key resistance trend line (dotted red) of a triangle chart pattern, which could indicate a larger bullish continuation within wave Y (pink). A break above the previous top at 111.40 could confirm the wave Y of a larger wave D of the daily chart,…