EconomicsGlobal

EconomicsGlobal

As global markets were slammed this past week after the US-China tensions resurfaced, one area of the market that has felt the brunt of recent market volatility has been commodities (DBC as a proxy). With trade tensions resurfacing between the two economic giants, commodities are currently stuck between a rock and a hard place, and as a result of the recent...

EconomicsGlobal

NZDUSD has come under recent pressure after a slew of recent economic data indicating a slowing economy. With the cooling of the labour market, tepid wage gains, and poor employment data, there is chatter of the Reserve Bank of New Zealand cutting rates. This would put further pressure on the New Zealand Dollar, especially in the face of a rising USD As a...

EconomicsGlobal

As it is expected that the Bank of Canada will leave rates on hold, traders are already on the move. Both CADUSD SMI and MACD are on the decline, indicating money and momentum moving out of the currency pair. Furthermore, the pair has great difficulty breaking through its 10-Day EMA (green), indicating a lack of momentum to push prices higher. CADUSD is moving...

EconomicsGlobal

Market technicals continue to weaken for for EURUSD, as the currency pair failed to break through its 10-day EMA of 1.12468. Furthermore, both the SMI, RSI and MACD continue to fall, indicating both money and momentum are on the decline. If this trend continues, the next stop is EURUSD 1.105311

EconomicsGlobal

As Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as...

EconomicsGlobal

As Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as...

EconomicsGlobal

As Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as...

EconomicsGlobal

As Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities (EWM) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as the...

EconomicsGlobal

As Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as...

EconomicsGlobal

As the financial community focuses on the rally in oil, one by-product that has not received much attention but has performed just as well, is gasoline (UGA as a proxy). Since January 2019, the price of West Texas Intermediate crude oil prices have rallied 37% so far this year to $63 a barrel, with gasoline prices not too far behind, rallying over 29.79%...

EconomicsGlobal

One market that has quietly, but powerfully, performed well for 2019 year-to-date has been Saudia Arabia's Tadawul All Shares Index , up 13.82% as of April 3rd 2018. On a macro level, the country has been buoyed by a resurgence in the price of oil , coupled with the "Risk On" feel supporting the markets since January 2019. More interestingly, on a domestic...

EconomicsGlobal

One market that has quietly, but powerfully, performed well for 2019 year-to-date has been Saudia Arabia's Tadawul All Shares Index, up 13.82% as of April 3rd 2018. On a macro level, the country has been buoyed by a resurgence in the price of oil, coupled with the "Risk On" feel supporting the markets since January 2019. More interestingly, on a domestic...

EconomicsGlobal

As can be seen on its weekly chart, the $HYG appears to be sending a warning signal. On a technical basis, a "Shooting Star" pattern has emerged, coupled with negative divergence in the SMI and RSI indicators. To us, it appears that high yield bonds are sending a signal that its rallying may be getting a little stretched. We would caution investors to tread...

EconomicsGlobal

Similar to the the Nasdaq, nn a technical basis, it seems like the S&P500 may bee running into a little bit of a headwind as well. As can be seen in the weekly chart, it appears a "Shooting Star" pattern has formed, coupled with negative divergence in the Smart Money Index. Furthermore, if one looks at the S&P's monthly chart, one can see that an "Evening Star...

EconomicsGlobal

On a technical basis, it seems like the Nasdaq may bee running into a little bit of a headwind. As can be seen in the weekly chart, it appears a "Shooting Star" pattern has formed, coupled with negative divergence in the Smart Money Index. Furthermore, if one looks at the Nasdaq's monthly chart, one can see that even an "Evening Star Doji" is forming as well. We...

EconomicsGlobal Updated 

Palladium has had a fantastic run for 2019 so far, primarily driven by declining global supplies mixed in with rising global demand. In fact, as a result of this trend, the metal has been up 24% so far year-to-date. However, despite this the stellar trend, recent price action has shown that the rally may be running out of steam. As can be seen, though the price...

EconomicsGlobal

Small cap equities have had a fantastic run since the beginning of 2019, so much so that the asset class is up 12.72% year-to-date. However, the asset class has been loosing a little bit of luster as of late, especially in relation to their large cap counterparts. Since mid-February 2019, the price ratio between small cap and large cap equities (RUT/SPY as a...

EconomicsGlobal

Interesting to note that despite the nice gains Turkish equities saw in January 2019 (+15.7%) to make up for December 2018 (-6.87%), the asset class has experienced some nasty losses in February (-3.63%) and March (-4.36% so far) - all of which are quickly eroding all YTD gains. Its the only EM market to have suffered such losses so far (rivaling that of South...