On the day: S&P 500 +0.1% Nasdaq Comp +0.1% DJIA flat Russell 2000 +1.2% Toronto TSX Comp +0.6% On the week: S&P 500 +2.2% Nasdaq Comp +2.4% DJIA +1.9% Russell 2000 +5.3% Toronto TSX Comp +2.6% That’s a nice weekly gain for the Russell 2000 but it’s a long way to go to get back
Good evening. Today I traded on the signals of my indicator. Trading the GBPCHF pair on the M1 timeframe. Great result, today I earned $ 35. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several signals appear
Policy is in a very good place Risk of over tighten and under tightening are balanced News on inflation has been fairly good It is far too early to declare a victory Not ready to say what that next move will be. Policy is significantly restrictive Not sure policy restrictive enough at current settings Need
The USDCAD has moved up to test a real good target level. It is so important you probably want to know about it whether you are a buyers or a seller. Move above it and it opens the door for further upside potential. Stay below it and sellers may start to take some control away
Good evening. Today I traded on the signals of my indicator. Trading the EURCAD pair on the M15 timeframe. Great result, today I earned $ 37. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several signals
Share: OPEC countries’ new strategy is driving up Oil prices. Economists at Natixis analyze the big difference between the effects of high Oil prices on the US and the Eurozone. The Eurozone is getting poorer relative to the US The new strategy of the OPEC countries, with their production cuts, will result in
The market is 50/50 on whether the Federal Reserve is done with rate hikes this year but we’re very likely close to the peak. With that, eyes are on bonds and what might be a rare opportunity to get 4.5% in 10-year notes. Is it time to buy? Today, Deutsche Bank notes that history suggests
US equities are set for another gain today with S&P 500 futures up 0.6%. They rallied after US unemployment rose to 3.8% from 3.5%. The caveat for corporation is that rising unemployment came on a surge of people entering the labor force, which increases labor availability and dims wage pressure. The economy also added 187K
Asian stock markets traded mixed overnight, with mainland China bourses underperforming. Chinese manufacturing contracted in August for a 5th straight month, while Chinese property stocks fell after Country Garden, once the country’s largest developer by sales, reported record losses and China Vanke cancelled a share placement. China’s property sector is dealing with a renewed liquidity
“September is the worst month of the year for Equities, period; median return for 500 since 1928 is -1.56% “. This was the warning from the Goldman Sachs research department a few days ago after a difficult month for stock indices. To be fair, the sentiment has improved quite a lot since this note was
