by Gord Weisemann The past week has brought on some choppy trading sessions. Equity markets have been held back from progress in either direction by futures and options expirations. I’m getting a little concerned that some price action in the markets is reminiscent of early 2008, when we were seeing speculative price rallies unsupported by [...]
by Gord Weisemann The U.S. July employment report was disappointing to say the least, and also included a negative revision to the previous month’s numbers. The second week of August brings us an FOMC meeting, where there is a growing feeling that Bernanke may have to add more stimulus to the system in order to [...]
by Gord Weisemann The past week has been a risk-on, risk-off, back-and-forth environment. Technically the pro-risk side traders are gaining a little of the upper hand as equity markets have pressed above some trendline resistance. As I write this, the European bank stress test results are being released and the initial outcome looks as though [...]
Friday’s action is bringing us a risk-off signal loud and clear. The carry trade (Yen versus CAD and AUD) is moving aggressively, gold and silver are off sharply, energies are lower and the equity markets are under significant pressure. Speaking of equity markets, I think they’ve taken their last gasp of air before going back [...]
by Gord Weisemann The notion of a double-dip recession in the U.S. has been back in headlines for the past few weeks, but there’s still no consensus at all as to its probability. In fact there are some analysts who say we’ve already begun the second dip. In contrast to that, we have Canadian employment [...]
by Gord Weisemann This past week, the markets have generally taken a breather from their relentless selling. That being said, the momentum doesn’t inspire much confidence, at least not for me. The markets will generally take the path of least resistance. Let’s take a look at the picture for currencies. U.S. Dollar Last week, the [...]
Lind Plus Senior Market Strategist Mario Maselli discusses how the eurozone debt crisis has impacted other currencies and economies. Watch the full webinar here!
by Gord Weisemann Friday’s U.S. employment report was less-than-spectacular given that almost all the 431,000 non-farm payroll jobs gained can be attributed to temporary U.S. Census work. In Europe, members of Hungary’s ruling party are going to have to brush up on their market-calming speeches after a member was quoted saying their financial condition is [...]
by Gord Weisemann We’ve seen some bullish price developments in futures markets over the past couple weeks that in at least in a few cases, don’t seem to be supported by fundamentals. I think speculators are concentrating a little too heavily on anticipated demand increases. While the first half of the calendar year may bring [...]
by Gord Weisemann Traders had to wait an excruciatingly long time for new news since the emergence of the Greek crisis, but finally were handed a Portuguese downgrade and a Euro/Greece aid package. Nice enough I guess–but unfortunately one more or less washes out the other as far as any near-term certainty is concerned. I [...]
