The chart below shows the Citi Economic Surprise Index for the US, compared against the broader G10 index, and the Europe index. The outperformance of US positive data surprises is stark… highlighting the dramatically non-synchornized nature of global growth. CitiFX senior trader Andrew Grosso warned that we need to pay attention to the short-term on…
Previous: On Thursday the 29th of March, trading on the EUR/USD pair closed slightly down. The US dollar gained ground against the single currency as traders adjusted their open positions ahead of the long weekend. The rate ended up dropping to 1.2284. US data: Michigan consumer sentiment index (Mar): 101.4 (forecast: 102.0, previous: 102.0). Personal income…
Biotech Bull Market Is Intact with Unusual Volatility Biotech Stocks Will Try to Regain Bullish Footing After A Flat First Quarter Technicals at Low End But Get Support From Double Bottom Time for Nibbling or Trading with Caution Biotech stocks got roughed up in the first quarter of 2018 with unusual volatility and peak prices…
The Japanese Yen rose in otherwise quiet Asia Pacific trade. The move built upon gains in the prior session, which took the currency higher against all of its G10 FX counterparts. Absent a clear-cut catalyst, the move may reflect markets on auto-pilot as liquidity thins into Good Friday holiday closures. European bourses will remain shuttered into the…
The Japanese Yen rose in otherwise quiet Asia Pacific trade. The move built upon gains in the prior session, which took the currency higher against all of its G10 FX counterparts. Absent a clear-cut catalyst, the move may reflect markets on auto-pilot as liquidity thins into Good Friday holiday closures. European bourses will remain shuttered into the…
It’s a beautiful trifecta for Tesla this evening, provided you are short. I have no position. MarketWatch reports Tesla stock falls even farther after recall of 123,000 Model S cars. Tesla Inc. finished off its worst month in seven years with the news late Thursday that the electric-auto maker is recalling 123,000 Model S vehicles due…
While silver investment demand is totally off the radar, certain indicators, including the Gold-Silver ratio, suggest that interest in the poor man’s gold will likely increase significantly over the next few years. The rising interest in silver will also occur as the broader markets continue to meltdown towards more realistic valuations. In my recent youtube video, Amazing…
The NACM “Credit Managers’ Index” or CMI is the often forgotten indicator which, similar to its cousin the PMI (Purchasing Managers’ Index), tracks credit conditions based on a survey of credit managers. Its definitely an indicator to keep an eye on because it can provide critical and timely insights on credit conditions as well as broader economic…
S&P 500 The S&P 500 rallied a bit during the trading session on Thursday, bouncing from the 2600 level. By rallying the way, we have, it looks as if were going to test the 2680 handle. I think at this point, we will find buyers eventually, and the pullback should offer value. The 2600 level…
Bitcoin is still crashing and there is no reason to be owning it at this point. If you are still buying it, you are likely doing so in hopes of it recapturing its old glory. That’s not happening. That train has left the station. Instead, heed my words – I have been saying since January…
