The US dollar is mixed today after the Dollar Index rose to new 2018 highs yesterday. It is being driven by rising US rates, which also punishes short dollar positions. The US 10-year yield rose seven basis points yesterday to nearly 3.10%. It is consolidating near 3.06% now. Many see the yield rising toward 3.20%,…
AT40 = 59.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 49.1% of stocks are trading above their respective 200DMAsVIX = 14.6Short-term Trading Call: neutral Commentary Here we are again…again. In the last Above the 40 I observed “the stock market looks like it is breaking free, but there are major caveats which keep me wary…
Elon Musk made news with an almost $10 million purchase of Tesla (TSLA) stock last week. But he wasn’t the only insider buying shares.So with tons of shorts, today’s bearish note by Morgan Stanley,insiders are probably making a big mistake here, right? I don’t think so. Tesla Insider Buys While Bears Build Tesla bears are stacking up while…
The Fed is set on a rate-raising trajectory, largely because of burgeoning inflation. Jim Bianco with Bianco Research, who recently held a conference call titled Regime Shifts Are Not Pretty, takes a look at how the transition from a deflationary environment to an inflationary one is throwing a monkey wrench in expectations about the economy….
Yesterday’s signals were not triggered, as there was no bullish price action at $8,334. Today’s BTC/USD Signals Risk 0.75% per trade. Trades can be entered until 5pm Tokyo time today, over the next 24-hour period. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of $7,825….
Fed tightening has been a reliable catalyst for the bursting of asset bubbles globally, says Crescat Capital. Crescat Capital’s First Quarter Review suggests now is a good time to be short equities and long gold. Advertisement While many global equity markets have bounced off their February and March lows, we strongly believe it’s a bull trap. We…
Japan is the third largest economy after the United States and China. It has a GDP of $4.9 trillion, which is slightly lower than the GDP of the United Kingdom and France, which have a combined GDP of $5.1 trillion. For decades, Japan has used its expertise in manufacturing and its good relations with the…
AUDUSD pulled back to 0.7445 area after touching 0.7560 resistance. However, the pullback is likely correction for the uptrend from 0.7412, another rise could be expected after the correction and next target would be at 0.7650 area. Only a breakdown below 0.7412 support could trigger another downside movement towards 0.7300.
Recent fears, warranted or not about the potential for retaliatory liquidation by China of its US Treasury holdings appear to have been once again vastly exaggerated because according to the latest TIC data released, America’s trade-war nemesis added $11 billion in TSYs in March, bringing its total to a 5 month high, following the addition…
A sharp US Dollar rally weighed on crude oil and gold prices alike. Swelling Fed rate hike bets drove the currency higher alongside front-end bond yields. The spread between rates on two- and ten-year Treasury bond rates tellingly steepened and the 2019 policy path implied in Fed Funds futures reflected a hawkish shift in the markets’ expectations. The WTI benchmark succumbed to de-facto selling pressure since prices are…
