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  • Finance 0

    AUD Reverses Sharply As RBA Disappoints Bulls

    Key Notes from The Statement As was widely expected, the RBA kept rates on hold at their July meeting. The tone of the meeting remained roughly neutral with a policy outlook identical to that of June, with the bank concluding that “holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time”. The bank also reaffirmed its constructive view on the global environment repeating that “the broad-based pickup in the global economy is continuing” and “labor markets have tightened further”. However, the bank did note that inflation h...
    On July 4, 2017 / By
  • Finance 0

    Global Stocks Rebound From N.Korea ICBM Jitters; US Markets Closed For “Amexit Day”

    With the US out on holiday for the 4th of July, overnight trading volumes have been muted, as Europe started off in the red but has since trimmed most losses (Stoxx 600 -0.1%) while S&P 500 futures rose sharply from session lows spurred by the European open ignoring the risk-off sentiment from North Korea’s latest missile launch, trading 0.2% higher, or up 4 points to 2,429 and closing the gap to Monday’s last-minute tech-driven market selloff. For those pressed for time, today’s 60-second market wrap comes from Citi, which titles it appropriately enough, “Cause baby you’re a firework” Those celebrating...
    On July 4, 2017 / By
  • Finance 0

    EUR/JPY Elliott Wave View: Ending Impulse

    Short term EUR/JPY Elliott Wave view suggests the decline to 122.35 on 6/15 low ended Intermediate wave (X). The rally from there is unfolding as an impulse Elliott Wave structure with extension. This 5 wave move could be Minor wave A of an Elliott wave zigzag structure, where Minute wave ((i)) ended at 124.46 and Minute wave ((ii)) ended at 123.62. Minute wave ((iii)) ended at 127.84, Minute wave ((iv)) at 126.46 and Minute wave ((v)) of A is in progress towards 129.16 – 129.7. Near term, while pair stays above 127.41, expect further upside towards the mentioned target. Afterwards, the pair should pullback in larger degree 7 or 11 swin...
    On July 4, 2017 / By
  • Finance 0

    Selling SNC-Lavalin & Buying Amazon

    Back in April 2015, I made a bold move in my portfolio; I sold Scotiabank (BNS.TO)(BNS) to buy SNC-Lavalin (SNC.TO)(SNCAF). Many readers weren’t too sure about this move, but I’ve proven that I was right 2 years after the trade: Source: Ycharts While SNC outperformed BNS all the way, it is clear on this graph I should have sold SNC a year ago and a few weeks ago. But the investment thesis behind my purchase was still valid a year ago: “I believe the moment charges will be settled, investors will look at the SNC $12B order book and forget about the past. After all, even with the current shadow over its head, the company continues to win...
    On July 4, 2017 / By
  • Finance 0

    WTI Crude Oil And Natural Gas Forecast – Tuesday, July 4

    WTI Crude Oil The WTI Crude Oil market initially fell on Monday, but found buyers below to turn things around and closed towards the top of the range. Because of this, looks as if there is going to be a bit of follow-through, but I think that the $47.50 level will offer significant resistance. I am waiting on and exhaustive candle to start selling off the daily chart. Ultimately, I believe that the market will find itself being overbought and overextended, so I think that the buyers will start to become very aggressive. Ultimately, the $45 level will be targeted if we do roll over. Given enough time, I think we not only do that, but eventuall...
    On July 4, 2017 / By
  • Finance 0

    E GBP/JPY Intraday Correction

    GBP/JPY can be trading in a potential flat correction as part of red wave iv), with recently completed sub-wave a and b. That said we can now see more weakness to follow into wave c, ideally to around 144.88 region, before a new break higher can come in play. GBP/JPY, 1H...
    On July 4, 2017 / By
  • Finance 0

    Timberland Investors See 0% Growth Rate For Harvesting Costs

    Today, we’ll look at  KPMG’s effort to determine who exactly the investors in timberland are, what their underwriting assumptions are, and what are their expectations for the coming 12 months. The firms surveyed included North America’s timberland investment market participants with five different structures: appraisal or consulting organizations; integrated forest products companies; investment fund managers; real estate investment trusts; timberland lender.  The breakdown within the respondent group was as follows: By way of a geographical analysis, the report stipulated that more than half of the participants were active in the co...
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  • Finance 0

    EUR/USD Forex Signal – Tuesday, July 4

    Today’s EUR/USD Signals Risk 0.75%. Trades may only be taken before 5pm London time today. Long Trades Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1295 or 1.1235. Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 20 pips in profit. Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride. Short Trade 1 Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1388. Place the stop loss 1 pip above the local ...
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  • Finance 0

    GBP/USD: Buy & Sell Patterns

    GBP/USD Bullish Scenario: A bullish pattern can be seen for another possible move higher, but has yet to trigger buys at the BC 0.50% Fib. level. If looking to buy GBPUSD traders should be patient and wait for price to make a move lower towards the BC 0.50% Fib. retracement level at 1.2808. Waiting for the price to hit the BC 0.50% Fib. retracement will offer a better risk/reward trade setup. Blue bullish pattern is invalidated if the price moves below point B low of the pattern. Bullish Pattern   GBP/USD 4 Hour Bullish Pattern   GBP/USD Bearish Scenario: A bearish pattern can be seen for another possible move lower but has yet to trigger...
    On July 4, 2017 / By
  • Finance 0

    Goldman Warns Of Rising “Shock” Risk To Risk Parity Investors

    Last Thursday, when the VIX briefly soared from 10 to 15, crossing the level which Marko Kolanovic previously said could lead to “catastrophic losses” for systematic funds and vol sellers, we asked two questions: “i) Will today’s selloff lead to a broad deleveraging among vol-sellers who are forced to cover into a sharply rising VIX, and ii) will the risk parity funds finally be forced to unwind?” While the VIX surge was short-lived (thus answering question i) with the VIX tumbling back to 11 by EOD, it allowed us to trot out our favorite risk-parity chart, a matrix showing implied deleveraging thresholds for ...
    On July 4, 2017 / By