Earlier, I wrote about positive seasonal factors in Q4 helping US equities. Here's the other argument, which I think is more compelling.1) Put yourself in the shoes of a fund managerThe Nasdaq Composite is up 24.7% year-to-date and the S&P 500 is up 11%. If you're...
The Shiba Inu Crypto: Navigating Price Fluctuations for Optimal Trading Gains
In recent years, the world of cryptocurrency trading has witnessed the meteoric rise of Shiba Inu. This meme coin captured the imagination of investors worldwide; however, along with this exponential increase in popularity comes a high degree of price volatility. This...
The Psychology of Trading: How Emotions Impact Decision-Making
Starting out with trading can be very exciting and the prospect of making money from the market can be too captivating to ignore. However, whenever money is involved, emotions can easily come into play. Understanding the important role psychology plays in trading will...
Gold doesn’t like the sound of more Fed hikes, nears a one-month low
Gold dailyThere is a 'sell everything' flavour in markets today, with oil as a rare exception. The problem for markets is that Fed dove Neel Kashkari today said there was a 40% chance that the Fed hiking cycle won't be over this year and the possibility that rates...
USD makes new day highs vs the EUR, GBP, CHF and CAD
The USD is trading to new session highs verse the EUR, GBP, CHF, and CAD. The move comes as US yields reach to new highs for the day, and stocks reach new lows.2 year yield 5.18% +1.8 basis points5 year yield 4.632% +1.2 basis points10 year yield 4.560% +1.8 basis...
The S&P 500 has followed the seasonal patterns so far in 2023, so what about Q4?
We're closing out September with poor returns for equity markets. That shouldn't have been a big surprise if you follow the seasonals I posted in late August.In general, seasonals are more valuable than they're given credit for. They really shouldn't work in an...
Fed’s Bowman: Higher rents underscore the need to curb inflation
Bowman touched on rents in her speech but otherwise it doesn't explore monetary policy. The title was "Keys to Opportunity in the Housing Market: Research on Strategies for Preserving and Expanding Rental Housing Affordability” I'll watch out for a Q&A...
A technical look at the major US stock indices on September 26, 2023
In this video, I take a look at the technicals that are driving the major US stocks indices. Each are threatening to break and close below a key technical target. For the Dow Industrial Average, it is on pace to close below its 200-day moving average for the 1st time...
U.S. Treasury auctions offer $48 billion of to your notes at a high yield of 5.085%
High Yield: The prior auction came in at 5.024% with a six-auction average of 5.085%.WI level at the time of auction was 5.085%Tail: 0.0 tail Tail last was at -0.4bps with a six-auction average of -0.1bps.Bid-to-Cover: 2.73X. The bid to cover was previously at 2.94x...
US treasury to auction off $48 billion of two-year notes at the top of the hour
The U.S. Treasury will auction off $48 billion of two-year notes at the top of the hour. Some of the key components six-month averages are below:High Yield: The prior auction came in at 5.024% with a six-auction average of 5.085%.Tail: Tail last was at -0.4bps with a...
ECB Holzman: Unclear if we are at peak rate levels
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FTC sues Amazon for illegally maintaining monopoly power
FTC Accusations Against Amazon.com:Accused of using anti-discounting measures that penalize sellers and discourage other online retailers from offering prices lower than Amazon's.FTC is seeking a permanent injunction in federal court to prevent Amazon from continuing...
EURUSD stalls against key resistance at session highs and rotates back down. What next?
The EURUSD - at the start of the trading day - was near session highs and in the process was looking to test a key topside resistance area. That resistance came in at the broken 38.2% retracement at 1.06106, and swing lows up to 1.0616. In the morning kickstart video,...
European equity close: A second day of selling
Nearly all major global equity indexes are red today but the UK FTSE 100 bucked the trend, climbing slightly. Otherwise, it was the second day of heavy selling in what's been a miserable month.On the day:Stoxx 600 -0.6%German DAX -1.0%Francis CAC -0.7%UK's FTSE 100...
USDCHF keeps its bulish run, but it pushing toward key retracement resistance
The USDCHF is moving higher for the 10 days in 11. The move higher today as the pair within a swing area between 0.9118 and 0.9169. Just above that level is the 38.2% retracement of the move down from the November 2022 high to the low reached in July. That retracement...
US 10-year yields turn higher, easing earlier decline
US 10-year yields are now 0.1 basis points higher on the day at 4.55%. Earlier, they had fallen as low as 4.48% but have now turned around, despite the pain in equity markets.US 10y yields dailyThese moves in bonds are deeply troubling.What I (and many) expected...
Dallas Fed services outlook -8.6 vs -2.7 prior
> Dallas Fed services outlook -8.6 vs -2.7 prior Dallas Fed survey of Texas services <!--> Adam Button Tuesday, 26/09/2023 | 14:31 GMT-0 26/09/2023 | 14:31 GMT-0 --> <!--> Prior was -2.7Revenue index +8.7 vs +16.2 prior ADVERTISEMENT - CONTINUE...
The AUDUSD technical story remains the same, with a negative tilt.
The AUDUSD technical story remains largely the same. The pay remains within its up-and-down trading range (see red box on the chart below) with a short-term negative bias. The negative technical bias comes because the price is below the 100 and 200 bar moving averages...
Fed’s Kashkari sees a 40% chance of further rate hikes, perhaps ‘significantly’
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US August new home sales 675K vs 700K expected
US new home salesPrior was 714K (revised to 739K)Sales down 8.7% m/mPrior sales +4.4% (revised to +8.0%)US home sales have been recovering for months but the recent jump in interest rates is a big problem that should bite hard in September and October (if it...