📝Mikael Sarwe, Head of Nordea Market Strategy, shared via Twitter his views, “In the previous 5 Fed cut cycles, 2 of them led to bull markets (1995 & 1998) and 3 to bear markets (1989, 2001 & 2007). In my mind, the difference is if there was an earnings recession or not. Currently, my leading…
📌At its meeting in Vilnius, the ECB today clearly tried to convey a dovish message to financial markets, demonstrating its willingness and readiness to act. Today’s meeting was as dovish as it can get without actually engaging in a new action. 📌The ECB’s concerns mainly seem to be driven by increased and prolonged uncertainty, rather…
📌JPMorgan just cut its 10-year Treasury yield forecast to 1.75% at year-end, compared with 2.45% previously and 2.13% on Monday in Asian trading. 📌Projections are a contrast with JPMorgan Chief Executive Officer Jamie Dimon’s warning last month that yields were already “extraordinarily low” on a historical basis, and that 4% wouldn’t be a bad number.…
📌Goldman Sachs Group Inc analysts on Sunday downgraded their second-quarter economic growth forecasts for the United States because of risks stemming from trade conflicts with Mexico and China. 📌GS analysts expanded, “Because of the downside risks to growth, we have sharply raised our subjective probabilities for Fed rate cuts. But while it is a close…
📌 Callum Thomas, Head of Research at Top Down Charts, published his weekly SP500 ‘chart storm’ and we think it is imperative to review a few of them in this section as those can add a lot of value to your trading in the weeks ahead. Thomas’ SP500 Chart Storm 📌North America institutional investor confidence…
📌Mancini tweeted back on May 24th, 2019, “There’s a nice cup and handle base forming here on the 1hr chart and if it can break out at $1289 it should target $1300 which would setup Gold well to break out of the range its been in for the past month and rally into June.” 📌Mancini,…
We continue to see the markets rocked by the “trade war” with China. The media will always breathlessly have people thinking that the sky is falling. They use words like trade war to describe what is really just negotiation. Bottom line is don’t be fooled by the noise. The markets are simply consolidating recent gains…
Risk-off in the markets triggered ‘fly to safety’ -investors- added long CHF positions last week via eFXdata. SNB (Swiss National Bank) remains vigilant even when its benchmark interest rate walks at (0.75%). EURCHF 10-month ‘price rotation’ [1.1160/1.1500] limited downside risk and plenty of speculative upsides. EURCHF Technical Levels | MT/LT To the downside, on the…
Offshore Yuan is strengthening fast, recovering 6.94 and 6.93 levels. PBOC advisor Sheng Songcheng said in an interview published this morning that Yuan breaking 7 will do more harm than good. PBOC cut Yuan’s fixing by 129 pips to 6.8988 per USD, a new low since December 2018 versus 6.8859 one day earlier via Yuan…
Not a fan, and it does not mean I do not care about our planet nor I do not understand the value of buying a sexy electric car. None of those. I simply do not understand Tesla, however, I encourage anyone to trade it. At least, it is so fun that I am not sure…