Good morning!This is now the last week of the Brexit campaign, thank goodness. I expect many people are, like myself, heartily sick of the whole thing. Especially when tragedy struck last week, in the senseless murder of that lovely lady MP. That shouldn’t affect the vote, but I think it will – as a reminder that […]
Good morning!This is now the last week of the Brexit campaign, thank goodness. I expect many people are, like myself, heartily sick of the whole thing. Especially when tragedy struck last week, in the senseless murder of that lovely lady MP. That shouldn’t affect the vote, but I think it will – as a reminder that […]
Good morning!This is now the last week of the Brexit campaign, thank goodness. I expect many people are, like myself, heartily sick of the whole thing. Especially when tragedy struck last week, in the senseless murder of that lovely lady MP. That shouldn’t affect the vote, but I think it will – as a reminder that there is an extremist minority element within the Brexit camp which is beyond unsavoury.Personally, I’m wavering, and am now in the unsure camp. What has really worried me, is talking to people who work in financial services, including our own commenter “Maddox” here. They’re saying that the removal of EU passporting for financial services will definitely lead to (possibly serious) job losses from the City to places in Europe.My heart says leave, and get back our democracy. My head says that doing so would cause so much disruption, and consequences that nobody really knows, so perhaps it’s better to play it safe for now? Also, as investors, we do have to think about the portfolios we’ve carefully nurtured. An out vote would undoubtedly knock them hard, possibly for quite a while – nobody really knows.The betting odds have moved towards the Remain side in recent days. I…
Official figures showed German producer prices rallied in May, attributing it to higher energy prices month-over-month. But producer prices remained sharply lower on the year. According to the Federal Statistics Office, producer prices slipped 0.4% last month from 0.1% rise in April but dropped 2.7% from one year ago. Producer prices, which excludes energy prices, […]
Bank of Japan Governor Haruhiko Kuroda stressed central banks are experiencing adversities in outlining their policies as they have to contend with eventualities as well. The BOJ head said it has become much harder for major central banks to overcome deflationary pressures and steadying inflation expectations at projected levels. But Kuroda reiterated inflation anticipations are […]
China’s major stock indexes were flat, opposite to the rising trend in other Asian markets on Monday as sentiment was toned down due to worries of yuan depreciation and a new regulatory clampdown on speculative trading. The blue-chip CSI300 index barely moved up 0.1% to 3,112.67 pts. The Shanghai Composite Index was up at the […]
The International Monetary Fund said that the Japanese government lacked ‘bold’ structural reforms in order to revive its economy and called on Tokyo to prioritize policies and labor market reforms. The IMF also urged for a more flexible monetary policy structure and for the Bank of Japan to disregard its target date for reaching its […]
Do asset returns exhibit cyclic relative strength? In the December 2015 revision of their paper entitled “Return Seasonalities”, Matti Keloharju, Juhani Linnainmaa and Peter Nyberg examine 12-month relative strength cycles via a strategy that is each month long (short) assets with the highest (lowest) returns during the same calendar month over the past 20 years. They apply this strategy to individual […]
Do asset returns exhibit cyclic relative strength? In the December 2015 revision of their paper entitled “Return Seasonalities”, Matti Keloharju, Juhani Linnainmaa and Peter Nyberg examine 12-month relative strength cycles via a strategy that is each month long (short) assets with the highest (lowest) returns during the same calendar month over the past 20 years. They apply this strategy to individual More
Italian bank UniCredit is examining candidates for the chief executive position, which includes Corrado Passera, a former industry minister, according to a source. The source, who is close to a company’s key shareholder, said no decision had yet been taken. Passer had served as Intesa Sanpaolo, but left the job in 2011 to serve in […]
Africa’s biggest mobile-phone company, MTN Group Ltd., said the company has appointed Rob Shuter as its group president and chief executive officer. Shuter currently works as the CEO of the European cluster at Vodafone Group Plc, MTN said in a statement. The Johannesburg-based company said it has finished a review of its governance and management […]
Pound Soars On Brexit Poll Hopes Morning Report: 06.30 London • This morning the British pound is rallying and undoing much of the losses incurred over the last two weeks. The move has been sparked by an apparent resurgence in ‘remain’ votes in this week’s EU referendum. The likes of the GBP/JPY, GBP/JPY and EUR/GBP […]
Indian Finance Minister Arun Jaitley on Saturday said the new central bank governor replacing Raghuram Rajan will be decided soon by the Indian government. Rajan said he would not seek for a second term. In a Twitter post, Jaitley said the government commended Rajan for his good work, and that it respected his decision to […]
In case the United Kingdom opts to leave the European Union, officials are considering holding meetings aimed at easing woes in financial markets and averting a sequential impact in nations with weaker economies. People privy to the issue disclosed concerns are escalating over the likelihood of Britain leaving the region, as recent surveys have hinted […]
Below is a weekly summary of our research findings for 6/13/16 through 6/17/16. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list. More
Below is a weekly summary of our research findings for 6/13/16 through 6/17/16. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list. More Related […]
How fast should individuals plan to grow net worth as they age? To investigate, we examine median levels of household (1) total net worth and (2) net worth excluding home equity from several vintages of U.S. Census Bureau data. We make the following head-of-household age cohort assumptions: “Less than 35 years” means about age 30. “35 to More
How fast should individuals plan to grow net worth as they age? To investigate, we examine median levels of household (1) total net worth and (2) net worth excluding home equity from several vintages of U.S. Census Bureau data. We make the following head-of-household age cohort assumptions: “Less than 35 years” means about age 30. “35 to […]
I genuinely do sympathise with anyone who started investing in stock markets for the first time in January 2016. It’s not been an easy environment – but let’s get one thing straight it’s not exactly been bad. If you’ve invested through 2000 and/or 2008 you’ll know what bad really is and it’s much, much worse […]
I genuinely do sympathise with anyone who started investing in stock markets for the first time in January 2016. It’s not been an easy environment – but let’s get one thing straight it’s not exactly been bad. If you’ve invested through 2000 and/or 2008 you’ll know what bad really is and it’s much, much worse than it is now. The year to date return for the FTSE 100 is a 4.4% fall, which is pretty much on par with last year’s lame showing and perfectly in the range of normal for stock markets. From comments on the Stockopedia.com website it’s been clear that many investors are nursing losses worse than this and with all the recent uncertainty over Brexit they are wondering what to do. What’s going to happen next? Well I’ve learnt the futility of forecasting so can proudly say I have absolutely no idea, but I do know what’s happened in the past and while history never repeats, it often rhymes. So let’s read the rhyme.FTSE 100 return historyIn my database I’ve got FTSE 100 price histories back to 1984. That’s a period that covers 2 massive bear markets and one of the longest bull markets in…
Risk Appetite Returns Morning Report: 06.30 London • Risk appetite returned yesterday across markets, but pressure still remains. US data was mixed, but manufacturing appears to be stabilising, helping the US dollar to reverse some of yesterday’s losses. • The Japanese yen saw a big […]
The Inflation Forecast now incorporates actual total and core Consumer Price Index (CPI) data for May 2016. The actual total (core) inflation rate for May is slightly higher than (slightly higher than) forecasted. Related Posts:Forecast for EUR/USD on May 2, 2024 May 2, 2024 EUR/USDYesterday’s FOMC meeting turned out to be hawkish in terms…Forecast for GBP/USD on May 2, […]
Since our previous analysis, gold has been moving upwards. The price tested the level of $1,313.29 in a high volume. The trend is bullish. According to the 30M time frame, I found a potential end of the bearish correction at the price of $1,301.90. Stochastic is at the oversold level (15) and there is a […]
On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation range) enhanced the bullish side of the market. Hence a bullish visit to the resistance at 1.4120 (Fibonacci Expansion 100%) occurred. Bullish persistence above 1.4150 enhanced the bullish side of the market towards 1.4650 (141.4% Fibonacci expansion) where an evident bearish […]
On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation range) enhanced the bullish side of the market. Hence a bullish visit to the resistance at 1.4120 (Fibonacci Expansion 100%) occurred. Bullish persistence above 1.4150 enhanced the bullish side of the market towards 1.4650 (141.4% Fibonacci expansion) where an evident bearish […]
Since our previous analysis, gold has been moving upwards. The price tested the level of $1,313.29 in a high volume. The trend is bullish. According to the 30M time frame, I found a potential end of the bearish correction at the price of $1,301.90. Stochastic is at the oversold level (15) and there is a […]
Bullish persistence above 0.6550 (the depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick […]
Bullish persistence above 0.6550 (the depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick […]
Technical outlook and chart setups: Silver is seen to be trading at $17.70 levels, after printing highs at $17.85/90 levels today. The metal is expected to be looking lower from here and push below $15.80 levels at least, before turning higher again. The wave structure indicates that the metal rallied into 5 waves from $13.60 […]
Technical outlook and chart setups: Silver is seen to be trading at $17.70 levels, after printing highs at $17.85/90 levels today. The metal is expected to be looking lower from here and push below $15.80 levels at least, before turning higher again. The wave structure indicates that the metal rallied into 5 waves from $13.60 […]
