Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Investor Sentiment - 8th June 24
S&P 494 Stocks Then & Now - 8th June 24
As Stocks Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market - 8th June 24
Gold, Silver and Crypto | How Charts Look Before US Dollar Meltdown - 8th June 24
Gold & Silver Get Slammed on Positive Economic Reports - 8th June 24
Gold Summer Doldrums - 8th June 24
S&P USD Correction - 7th June 24
Israel's Smoke and Mirrors Fake War on Gaza - 7th June 24
US Banking Crisis 2024 That No One Is Paying Attention To - 7th June 24
The Fed Leads and the Market Follows? It's a Big Fat MYTH - 7th June 24
How Much Gold Is There In the World? - 7th June 24
Is There a Financial Crisis Bubbling Under the Surface? - 7th June 24
Bitcoin Trend Forecast, Crypto's Exit Strategy - 31st May 24
Zimbabwe Officials Already Looking to Inflate New Gold-Backed Currency - 31st May 24
India Silver Imports Have Already Topped 2023 Total - 31st May 24
Gold Has Done Its Job – Isn’t That Enough? - 31st May 24
Gold Stocks Catching Up - 31st May 24
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Is a Year End Rally in Risk Markets Coming ?

Stock-Markets / Financial Markets 2017 Nov 01, 2017 - 12:41 PM GMT

By: Submissions

Stock-Markets

The Bank of Japan left its massive monetary stimulus program unchanged even as it trimmed its inflation forecasts, signaling further divergence ahead from its global peers.


S&P



The large cap index has been on sustained uptrend this year. There are no signs of any weakness despite news flow contrary to that. Neither North Korea nor Trump falling ratings have dented the uptrend. Earnings have gen erally supported the rally. We expect the trend to continue into the year end unless news or other factors come into play at which point we will update. We are suggesting clients to be 60% invested into the rally.

Bond market



The 10 year yield differential between US and japanese 10 year bonds seem to be narrowing which explains the tepid movement in USDJPY. However the differential is stil near its 3 month highs and hence dollar index is expected to move higher.

Oil



Oil prices have bucked the long term trend of downtrend. Prices above 60 will have an impact on shorts and thus give way to covering rallies. The higher Oil prices can be explained by cutting oil supplies. For the second consecutive month, a group of non-OPEC oil producers led by Russia and Mexico in September bested OPEC itself in efforts to end a global crude glut. The secret to their success: field maintenance. With at least six more months of output cuts left in their agreement, OPEC and its allies face the question of what to do when the work ends.

GBPJPY



The pair has made a high in September which has not been surpassed in October. The pair is in a long term downtrend and hence the price action in October can be veiwed as corrective and offering a chance to go short.

USDJPY



usdjpy is at an important support zone at 113. The pair uptrend line is at 113. Sustained break below could see it fall to 111.8/111.5 which is where important support in form of 200 DMA can be seen.

EURUSD


EURUSD has broken below the uptrend line at 1.171. This line had been the symbol of its uptrend since July. However the pair has not fallen further ...yet! If the pair finds itself back above 1.1710, we expect the uptrend to resume else it could slowly move to 1.14.

Trade Copier
The Forexabr trade copier has done very well for the 6th month running. The total returns are at 120.5% on the model account.

Those interested can get in touch with us here: TradeCopier account

By Forexabr

http://forexabr.com

Forexabr is a leading analysis site specializing in fundamental and technical analysis. We also operate a high quality trade copier for forex clients to copy our trades directly to their accounts. 

© 2017 Forexabr - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in