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USD/JPY Technical Analysis: Clearly Defined Support & Resistance To Help Traders
Unevenly Distributed Dollar Strength Has JPY Weakness In Question USD/JPY has moved cleanly lower from the 110.50, which aligns with a multitude of resistance that we’ll unpack later. Over the weekend events, which included the G-7 meeting and Japan’s Trade Surplus that swelled unexpectedly to the largest amount since 2010 when the JPY was in an environment of persistence strength. The economic surprise brought short-term JPY strength, but that may not be long lasting. Many had discounted the probability of BoJ intervention ahead of the G-7 Summit last weekend that Japan hosted. However, now that the G-7 meeting is in the rearview mirror,... -
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Eurogroup Likely To Defer Decision Instead Of Deferring Greece’s Debt
Two weeks have passed since the Eurogroup decided to kick the can down the road to today. However, they did begin talking about some kind of debt relief in that meeting and the tensions are higher this time. The IMF has offered a long term program for relieving the debt from the debt-stricken nation from the insurmountable debt, deferring payments to 2040 and spreading them out to 2080. The Washington based organization wants unconditional and upfront debt relief to Greece and describes it as “critical”. Otherwise, it hints, and not for the first time, that it will not participate in this Third Bailout – 86 billion euro program o... -
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EUR/USD Mid-term Forecast
At the beginning of this week, the pair appears to be set for a further decline. With the help of the Technical Analysis tools, I will try to delve deeper into the topic and identify the possible and most likely movement of EUR/USD for the next few days/weeks. Elements to be considered for the Trading Forecast (Technical Analysis): Let’s start from the Weekly chart (Image 1). If we take a look at the activities of the exchange rate from the beginning of March, we can notice how it has moved almost sideways. Please also note how the Candle Patterns have defined very clear Support and Resistance levels and how the market has respected and... -
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More PMI Suspicion
It is easy to make jokes about the BEA’s new-found respect for “residual seasonality” that in the words of CNBC’s chief economist makes each Q1 appear to be a “different economy altogether”, but that doesn’t mean there isn’t something to it if in a far different manner than the mainstream would ever contemplate. There clearly is and has been for at least the past two or even three years a confusing set of circumstances that have repeated. Each year starts out very slowly only to seemingly rebound, but with each rebound being far more “transitory” than the actual weakness that preceded it. The result is almost a ratchet e... -
Finance 0
Is Alphabet Inc. Unstoppable?
How is Alphabet Inc. Performing against its Rivals? Alphabet Inc. opened the year at $758.88 per share, hit a low of $672.32 in early February, and then rebounded. The stock rallied until 18 April 2016 when it touched a price of $766.61 per share, and then plummeted to fresh lows of $691.02 per share by 28 April. A period of consolidation has taken place since then, and the stock has now stabilized in the $700 – $705 range. In terms of its performance against its chief rivals, Alphabet Inc stands head and shoulders above most of its competition. The following data indicates the sheer size, robustness and viability as Alphabet Inc. in the in... -
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10 Undervalued Companies For The Defensive Dividend Stock Investor – May 2016
There are a number of great companies in the market today. I’ve selected the highest dividend yields among the undervalued companies for defensive dividend stock investors reviewed by ModernGraham. Each company has been determined to be suitable for the Defensive Investor according to the ModernGraham approach. Defensive Investors are defined as investors who are not able or willing to do substantial research into individual investments, and therefore need to select only the companies that present the least amount of risk. Enterprising Investors, on the other hand, are able to do substantial research and can select companies that present a... -
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IMF Demands “Unconditional” Debt Relief For Greece (Mish Says “Prove It”)
Most political and financial demands are nothing but bluffs or lies. For example, on May 14, I noted Greece “Demands” Debt Relief, Owes Troika €11+ Billion by July. That “demand” lasted one week. On May 22, I wrote Despite Depression, Greece Forced to Hike VAT, Add New Taxes. Today the IMF demanded Europe to Give Greece ‘Unconditional’ Debt Relief. Or what? Greece’s European creditors must give the nation “unconditional” debt relief for the International Monetary Fund to provide new financing, the Washington-based fund said, laying out its position as Euro-area finance ministers meet in Brussels to discuss the bailout.... -
Finance 0
May 2016: Will Deutsche Bank Survive This Wave Of Trouble Or Will It Be The Next Lehman Brothers?
If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank (DB). It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet. Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. The... -
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Best Practices For Private Equity Sponsors In An Age Of Increasing Scrutiny
By John Czapla, Parag Patel and Shane Newell, Valuation Research Corporation As the demand for transparency rises for private equity and hedge funds, the spotlight is increasingly focusing on valuation practices. There are an important number of reasons why the valuation process has become important, and they are essential for any fund manager to understand. One of the heaviest pushes came from the broad-reaching Dodd-Frank legislation which has led to increased financial industry regulatory oversight.After deep investigation of factors which caused The Great Recession, the resulting regulations and guidelines were formalized under the Dodd-F... -
Finance 0
Market Talk – May 23, 2016
You could say that Japan has had more than fair share of poor data lately but sadly it continued today after a larger than expected trade data and a further contraction in its (Manufacturing) Purchasing Managers Index. This resulted in an initial 2% decline in the Nikkei in the morning session but only to see a recovery in the afternoon to close down 0.5%; well off of the mornings low. As a result of the continued uncertainty in the stocks we saw strength returning to the JPY taking the price back to the low 109 area. Uncertainty was the result of one of the shallowest trading ranges for the Shanghai in a long time, while HSI managed to p...
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