Initial conditions matter when contemplating impact of Greek referendum
A look at the psycholgoy of traders as reflected in the price action ahead the new week which promises to be eventful.
Trying to make sense of the global capital markets.
No follow through dollar buying against euro, yen and sterling after data showing US economyis recovering from weak Q1. What is happening? What is the outlook?
The bounce in risk we are witnessing today will not last. The underlying moves in the largest markets in the world are equal to those we saw during the 2008 Crash. Stocks are ALWAYS the last to "get it."
Grit your teeth if you have to. Cry if you want to. US labor market is improving and the dollar is strengthening.
A non-bombastic look at the week ahead and a number of key events in June. These could set the tone for Q3 and beyond.
Combination of important events/data and large move in last two weeks, the dollar may pullback/consolidate in the days ahead.
It looks like US dollar's two-month downside correction ended. Is the bull market resuming?
Dollar downmove still seems corrective in nature. Fed hike in September still seems most likely scenario. Taalk of US recession is over the top when unemployment, broadly measured is falling and weekly initial jobless claims are at new cyclical lows.
A straightforward analysis of the near-term outlook for the dollar, oil, 10-year US and German yields and the S&P 500.
A wrong-way bet on AUDUSD looks to have cost one of London's most well-known money managers dearly last month as Crispin Odey's flagship fund takes a 19% hit.
Yesterday, when we heard that China brokers may impose tighter margin requirements to contain what is now a laughable stock bubble we said that tonight's Shanghai session could get exciting: "China may get exciting: Some China Brokers Raise Margin Trading Requirement: Sec. News" It did: overnight the Shanghai Composite tumbled by 4.1% to under 4300, the biggest one day drop since January 19.
A look at the drivers for the week ahead.
Yogi Berra, one of the keenest observers of the human condition, is said to have once remarked "It is tough to make predictions, especially about the future." And so it is.