Yours truly can breath again having held his breath for probably longer than is safe, losing a few brain cells along the way. The enforced hypoxia experienced in my short bund holdings has been somewhat similar to that portrayed in movies where the hero manages to free himself from the sinking car and make it to the surface with only […]
China growth slashed, more epically dismal US data, lack of clarity from Draghi, slumping oil prices, dropping yields, surging USD… now if that isn’t a recipe for buying US equities at record highs, we don’t know what is…Stocks close unchanged from ECB…And on the day only Trannies closed red (even as oil tumbled) thanks to an aftenoon push higher…On the […]
The new European Central Bank headquarters in Frankfurt.Photograph: BORIS ROESSLER/EPAGood morning, and welcome to our rolling coverage of the financial markets, the world economy, business and finance.It’s the start of a busy week. Investors are poised for Thursday’s European Central Bank meeting, where Mario Draghi might finally announce a sovereign bond-buying programme.Anticipation of a big QE package has driven government […]
Earnings are arguably the most important driver of stock prices. So its a bit jarring to see stock prices and earnings diverge in the European equity markets.There’s a lot going on in Europe.The European economy is flagging. In the second quarter, GDP growth in the Eurozone was an anemic 0.1%, while inflation remains at a tepid 0.4% pace.This has created […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USDYesterday’s close on the bearish side of a major retracement zone at 1.3606 to 1.3584 put the EUR/USD in a weak position to begin today’s session. This led to early selling pressure that drove the Forex pair through a major uptrending angle […]
