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It Is Not All About U.S. Jobs

It Is Not All About U.S. Jobs

The U.S. nonfarm payroll report typically dominates the first Friday a new month. In recent years, it has become among the most important economic reports globally. Not today.   The market’s focus has shifted from Chinese stocks and yuan that dominated the first week or so, then oil, and now it is heightened concern about […]
The Case For A Bear Market In U.S. Stocks Growls On

The Case For A Bear Market In U.S. Stocks Growls On

What does a bear market for the US equity market look like? Current conditions seem to fit the bill. The clues, after all, are piling up, including the early warning that’s still in progress via a relatively reliable quantitative tool—the Hidden Markov model (HMM). This is old news, of course, which means that it’s time to focus […]
FTSE 100 Remains Bearish Ahead Of NFP

FTSE 100 Remains Bearish Ahead Of NFP

The outlook for the FTSE 100 is little changed from yesterday. It’s choppy around the 5880 level and will continue to be so for the next few hours as traders tend to be hesitant to enter with fresh positions ahead of today’s U.S. Non-Farm Payrolls report. A Bloomberg News poll projects an NFP outcome of 190k from […]
GBPUSD Weakens On Loses Upside Momentum

GBPUSD Weakens On Loses Upside Momentum

GBPUSD: Having failed to sustain its intra day gains to close flat on Thursday and followed through lower during early Friday trading, further bearishness is envisaged. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level. Below here will set the […]
EUR/USD: Market Lying In Wait For NFP

EUR/USD: Market Lying In Wait For NFP

Yesterday’s Trading: The euro was up against the dollar on Thursday, having past 1.1200. The BoE and weak US stats had a positive effect on the price of the euro. The Bank of England decided to leave things unchanged with interest rates at 0.5% and asset purchasing at £375 billion. The voting for the interest […]
BlackRock’s Letter Leaves Little Accountability

BlackRock’s Letter Leaves Little Accountability

Video Length: 00:03:26 Turns out Larry Fink, the CEO of BlackRock (BLK – Analyst Report), sent a letter to the chief executives of every other S&P 500 company, asking them to do away with short-term guidance. Among several gems in the letter were quotes like “Today’s culture of quarterly earnings hysteria is totally contrary to the long-term approach […]
WTI Crude Oil And Natural Gas – February 5, 2016

WTI Crude Oil And Natural Gas – February 5, 2016

WTI Crude Oil The WTI Crude Oil market tried to rally during the course of the day on Thursday but found far too much in the way of resistance above at the $38 level. By doing so, we ended up forming a shooting star which of course is the most negative candle that you can […]
Incrementum Advisory Board Meeting Q1

Incrementum Advisory Board Meeting Q1

A Comprehensive Discussion of the Economy and Financial Markets The Incrementum Fund’s advisory board has held its quarterly meeting on January 10, and the transcript has just become available. Readers can download the transcript via the link below this post. Unfortunately two board members (Dr. Frank Shostak and Rahim Taghizadegan) were unable to attend this […]
EU Session Bullet Report – The Calm Before The Storm

EU Session Bullet Report – The Calm Before The Storm

EUR/USD Intraday: further advance. Pivot: 1.1115 Most likely scenario: long positions above 1.1115 with targets @ 1.124 & 1.131 in extension. Alternative scenario: below 1.1115 look for further downside with 1.107 & 1.1 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold spot Intraday: […]
EUR/USD: Inverted H&S, GBP/USD: Multi-Year Channel

EUR/USD: Inverted H&S, GBP/USD: Multi-Year Channel

The recent big moves in Forex markets created opportunities and interesting patterns on the charts. Here are the views from SocGen: Here is their view, courtesy of eFXnews: EUR/USD retested last March levels (1.0570/1.05) and also the multi decadal channel back in November after which it has embarked on a recovery. This week it has confirmed an […]