Global Trading Blog
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Equity markets have been holding their highs or correctly slightly this week but much more interesting moves have been observed in the currency markets where a strong "risk on" trade has been in place.From a record net short position, EUR/USD has been ramping higher with a small hiccup in early February. Shorts are getting hammered and during the last couple of days, they have been running for the exits in despair as the up move has gone vertical. A lower USD traditionally helps equity markets, commodities and precious metals. We have seen the strong moves in Gold and Oil this ... -
Dear Subscribers:GLD is forming a Cup & Handle pattern that has bullish implications.It has once again succesfully tested and bounced from its 150 day moving average.The pattern has a break out point at 175.50. This trade is still supported by loose monetary policy by the main central banks of the world.Today we saw how central banks intervened to add liquidity and lower lending costs for European banks in US Dollars.If a new QE is launched by the FED or the European Central Bank, GLD will a have a powerful tailwind to keep on rising. Best regards, ... -
Dear Subscribers: Extreme volatility and fear continues in the markets world wide. The S&P 500 yesterday dropped to test the August lows which held as support. Today we continue with a weak bounce on most US Indexes but the gains are volatile with some stocks bouncing a lot and others dropping. Emerging markets remain very weak and continue to sell off. Something that stands out today is the strong sell off in precious metals such as platinum, gold and silver. Gold drops over 5% and looses 9% in the week. Things are more extreme for silver which drops 15% and looses 24% in the ... -
Dear Subscribers:Markets rebounded with force from the support and moving average confluence zone near 1300 in the S&P 500. Despite persistant bad news coming out from Europe and from the US, markets contain pessimism and make the Bears run for the exists yesterday seeing that there was no follow through to the downside and Apple reported after the market closed. Today we have see some consolidation after yesterday's strong move up, but most markets around the world are positive. 73% of the Market Monitor has gained. TBT, GDX and SLV are the leaders. The american trading session started with ... -
Dear Subscribers:Last week we had a very volatile week that which until wednesday it seemed the global markets and the S&P 500 were consolidating a rebound from a persistant oversold condition.However after the FOMC statement and press conference, in which Bernanke confirmed a slower growth and higher inflation for the economy, sellers came back into the market. The market had also reached a technical resistance level at the 1285-1295 level in the S&P 500. The selling drag the S&P 500 back to the support zone of its 200 day moving average and march lows, endind the week negative by 1.17%. ... -
The last couple of days remind us of the sometimes, bi-polar character that financial markets have. Last tuesday the market closed at the highs with good breadth and volume even though we had a dismal "trifecta" of macro data. During the last or so we have constantly observed dissapointing data regarding consumer spending, GDP, employment and manufacturing activity. Despite that, the market has been relatively flat and started to bounce last week after reaching a general oversold condition. Based on this trend of negative macro data I wrote on yesterday's update that I didn't expect a positive number from the ADP ... -
This is an in depth analysis of the effects of Quantitative Easing in the economy and asset markets plus what will happen once the FED stops using this monetary tool in June 30th, 2011. This article was published in Gurufocus.com and received great ratings and was selected as "Editor's Pick". Read the article here: The Effects of Quantitative Easing
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I’M VICTOR RIESCO
I’m a financial analyst and professional investor from Santiago, Chile. I’m the owner of Global Trader, a brokerage and trading .
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