Home http://ift.tt/2rpEWrW While venues overwhelmingly say they will adhere to the Global Code, they won't turn away clients who don't
Wednesday, May 31, 2017
Welcome to the Rooster Summer Reading Challenge
The Morning News http://ift.tt/2rp6rCi
by The Tournament of Books Staff
Grab a beach towel, favorite cold beverage, and, most importantly, your books. Our Summer Reading Challenge begins now.
Crude Oil Drags Markets Lower
INO.com Traders Blog http://ift.tt/2qB49ww Hello MarketClub members everywhere. Crude Oil continues to head lower after OPEC announced that they had come to an agreement with Russia and other producers to extend their production cut deal by about 1.8 million barrels per day (BPD) until the end of March 2018. Their initial deal had been set to expire in June. […]
Blau leaves Barclays to join HSBC
Home http://ift.tt/2se01nt Russell Blau will focus on global macro fund FX sales in his new role
Renminbi’s share of global payments slips behind Swiss franc
Home http://ift.tt/2qGdCBH Decline in the Chinese currency’s internationalisation continues as it loses its ranking of sixth place globally – Swift
Downside Risks are Greater Than Upside Rewards - Be Careful
One Option Trading Blog http://ift.tt/2qAqVbG Posted 9:30 AM ET - Trading volumes have been cut in half and momentum favors the upside. Energy and financials are not participating and I'm skeptical of this rally. Aggressive traders can trade from the long side and use SPY $240.60 as a stop on a closing basis. As the June FOMC approaches I urge you to be careful. The downside risks are greater than the upside rewards. China's PMI came in as expected (51.2). This was a neutral number. Germany's retail sales were light. Global economic growth is moderating. ADP will be posted tomorrow and it will set the tone …
Downside Risks are Greater Than Upside Rewards - Be Careful
One Option Trading Blog http://ift.tt/2qAqVbG Posted 9:30 AM ET - Trading volumes have been cut in half and momentum favors the upside. Energy and financials are not participating and I'm skeptical of this rally. Aggressive traders can trade from the long side and use SPY $240.60 as a stop on a closing basis. As the June FOMC approaches I urge you to be careful. The downside risks are greater than the upside rewards. China's PMI came in as expected (51.2). This was a neutral number. Germany's retail sales were light. Global economic growth is moderating. ADP will be posted tomorrow and it will set the tone …
Broadway Technology aims to expand FX footprint
Home http://ift.tt/2sdBXRq Moves comes after a recent $42m investment armed the firm with the capital to expand into FX and fixed income
Strong Seasonality Stocks for June
Vantage Point Trading http://ift.tt/2rTu6vi
These stocks have a long history of performing well in June, rising in the month at least 70% of the time and typically jumping by at least a few percent on average. Stocks mentioned: $ICLR ILMN $ORCL $INFY $SRCL $CIG $CASY
Seasonality is the study of how assets perform at certain times of the year. The stocks below have shown a strong tendency to rise in June, historically. That doesn’t mean they will rally this…
The post Strong Seasonality Stocks for June appeared first on Vantage Point Trading.
Tuesday, May 30, 2017
Gold Faces Multi-Year Resistance Again
INO.com Traders Blog http://ift.tt/2rjxVJv Monthly charts show major price development and are crucial in determining the long-term trends. It is slow to change and I update it once the price reaches the important level or makes a breakout or reversal. The last time I updated the monthly chart was last August when the price reached the multi-year trendline resistance. […]
Market Needs Strong Economic Data This Week - Watch For Profit Taking
One Option Trading Blog http://ift.tt/2sa3wuP Posted 9:30 AM ET - Last week the market floated to a new all-time high on extremely light volume. Holidays have a bullish influence and some of those gains are being stripped away this morning. Profit-taking will surface as the June FOMC approaches. I still believe that the S&P 500 will challenge the 100-day moving average in the next few weeks. Economic growth is moderating while the Fed has its foot on the brake. Average monthly job growth has been below 200,000 this year and we need to consistently be above 250,000 to justify three rate hikes in six months. Fed …
Market Needs Strong Economic Data This Week - Watch For Profit Taking
One Option Trading Blog http://ift.tt/2sa3wuP Posted 9:30 AM ET - Last week the market floated to a new all-time high on extremely light volume. Holidays have a bullish influence and some of those gains are being stripped away this morning. Profit-taking will surface as the June FOMC approaches. I still believe that the S&P 500 will challenge the 100-day moving average in the next few weeks. Economic growth is moderating while the Fed has its foot on the brake. Average monthly job growth has been below 200,000 this year and we need to consistently be above 250,000 to justify three rate hikes in six months. Fed …
Day Trading Stock Picks for Week of May 30
Vantage Point Trading http://ift.tt/2rABbRr
Day trading stock picks likely to move big (up or down) during the week of May 30: $FMSA $SN $DYN $HTZ $CLF $OCLR $WLL $AKS $ENDP $MOMO and few that are usually good day trading candidates: $SPY $BAC $WFT
I screen for day trading stocks with a recent history of volatility. That means these stocks are highly likely to move big (up or down–trade the intraday trends) each day for the next week.
A new…
The post Day Trading Stock Picks for Week of May 30 appeared first on Vantage Point Trading.
LGIM's former head of trading joins Ipreo
Home http://ift.tt/2qBI0gN Stephen Grady, ex-global head of trading at Legal and General Investment Management, takes fintech role
Monday, May 29, 2017
Forex and Commodity Seasonality For June
Vantage Point Trading http://ift.tt/2s6xdgC
Here are the historical tendencies for forex pairs and commodities in the month of June. Watch sugar! Statistics include how often the prices rise or fall, and by how much, on average. $AUDUSD $USDCHF $SB_F $CL_F
Statistics are based on monthly opening and closings prices, and do no reflect overall volatility that occurs during the month. Commodity statistics are based on a continuous futures contract, which may differ from specific contract statistics.
Statistics are run…
The post Forex and Commodity Seasonality For June appeared first on Vantage Point Trading.
Sunday, May 28, 2017
Range-bound market is sticking around – SEB
Home http://ift.tt/2qrafnf But a big downward move is probably coming for the dollar
McKesson's Upcoming Earnings - Cardinal Health Harbinger?
INO.com Traders Blog http://ift.tt/2rLuLP1 Introduction McKesson Corporation (NYSE:MCK) reports Q4 2017 numbers on the 18th of May after the market close. McKesson has been very volatile after the last handful of earnings announcements, and I don’t expect this earnings announcement to be any different. There’s been a tremendous amount of pressure on the pharmaceutical supply chain players in terms […]
Saturday, May 27, 2017
Weekly Futures Recap With Mike Seery
INO.com Traders Blog http://ift.tt/2s7wP0l We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets. Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN […]
Understanding Forex Market Hours and Forex Hourly Tendencies
Vantage Point Trading http://ift.tt/2qpYEAF
Learn how forex market hours and sessions affect your trading. Each hour of the day, and each forex pair, has different characteristics based on what global markets are open. Understanding these characteristics means you’ll be better able to find and filter trades, and apply your strategies at the correct time.
Some background knowledge is required to trade forex effectively. While the forex market trades 24-hours, not all hours are viable for all day trading strategies.…
The post Understanding Forex Market Hours and Forex Hourly Tendencies appeared first on Vantage Point Trading.
Friday, May 26, 2017
Markets Little Changed Heading Into Holiday Weekend
INO.com Traders Blog http://ift.tt/2r5Lf40 Hello MarketClub members everywhere. The markets are little changed today heading into the long holiday weekend here in the U.S. This comes on the heels of a six-day rally that took all three of the major indexes to all-time highs. The big loser this week was oil, which is currently trading down 2.15% for the […]
New Market High Is Vulnerable - Expect Profit Taking Before June FOMC
One Option Trading Blog http://ift.tt/2s38rNs Posted 9:00 AM ET - Yesterday the S&P 500 made a new all-time high on light volume. After the initial surge, stocks traded in a very narrow three-point range the rest of the day. The gains held despite a big drop in oil. I don't trust this rally and I believe we will see a round of profit-taking ahead of the June FOMC. Economic growth is moderating and current activity levels don't justify another rate hike. The Fed is likely to tighten in a few weeks. The recent market rally has provided a window of opportunity and they will take advantage …
New Market High Is Vulnerable - Expect Profit Taking Before June FOMC
One Option Trading Blog http://ift.tt/2s38rNs Posted 9:00 AM ET - Yesterday the S&P 500 made a new all-time high on light volume. After the initial surge, stocks traded in a very narrow three-point range the rest of the day. The gains held despite a big drop in oil. I don't trust this rally and I believe we will see a round of profit-taking ahead of the June FOMC. Economic growth is moderating and current activity levels don't justify another rate hike. The Fed is likely to tighten in a few weeks. The recent market rally has provided a window of opportunity and they will take advantage …
The FX Global Code of Conduct webinar
Home http://ift.tt/2rome4Z Guy Debelle, Simon Potter, David Puth and Chris Salmon discuss the FX Global Code of Conduct on the day of they launched the principles
FX Global Code gains support from Barclays
Home http://ift.tt/2qW525l UK bank says it is committed to implementing the good practices described in the Code
Cudahy crosses over to Curex
Home http://ift.tt/2qiNba8 The veteran FX salesman will be a managing director, focusing on business development
Thursday, May 25, 2017
Brazil’s Political Bumps
Investment Adventures in Emerging Markets http://ift.tt/2rE3LRy
Just when Brazil’s economy seemed to be turning a corner, a new political scandal has caused a strong market reaction, sending Brazil’s stock market into a tailspin. President Michel Temer, who came into office following the impeachment of former President Dilma Rouseff due to a corruption scandal, is now caught up in a corruption scandal of his own. If Temer is found not guilty, Brazil’s next general election takes place in 2018, so he would remain in office two more years and presumably continue to pursue his agenda. If he is found guilty, he would likely be impeached and removed from office, like Rouseff was. While we have been encouraged by Temer’s more reform-minded government, in our view this latest scandal doesn’t mean that momentum will necessarily end—even if he’s removed from office. If Temer were to be removed from office, we believe there will still be reforms, although they will likely take longer to implement. The bottom line is that the reform movement against corruption is ongoing, and that is overall positive for Brazil. Even if Temer himself may not be able to carry out the reforms he is now supervising, we think the reformists can move forward since they already have a momentum of their own. There is a realization that reform is needed in many areas, but it often takes time. These developments emphasize the importance of taking a long-term view when investing in emerging markets. Change doesn’t happen overnight. We think there are still plenty of opportunities on an individual-stock level in Brazil, and these types of market shocks can unlock values. We are currently seeing value in almost every sector in Brazil, simply because the market is depressed in all directions. Most interesting to us are the banking and retail sectors. In terms of monetary policy in Brazil, in my view, there is still room for Brazil’s central bank to cut interest rates further. Its currency has seen a recovery from its lows hit on May 18 when the Temer scandal broke. More importantly, there has been a steady downturn in inflation. Brazil’s annual inflation rate stood at 3.77% in mid-May, its lowest level in 10 years.1 In my view, an aggressive cut in interest rates would be very good for the economy. I think it’s about time that Brazil had a reasonable interest-rate environment, particularly for small and medium-sized businesses which could then get financing at lower rates. This could give an overall boost to the economy. We will of course be monitoring the situation in Brazil to determine what type of impact this latest setback has on Brazil’s economy and the businesses operating there. In my view, the setback is temporary; we have seen other markets bounce back from political scandals in the past. The ongoing, longer-term recovery of Brazil’s stock market and economy still looks to us to be intact. Mark Mobius’s comments, opinions and analyses are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Because market and economic conditions are subject to rapid change, comments, opinions and analyses are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment or strategy. Important Legal Information All investments involve risks, including the possible loss of principal. Investments in foreign securities involve special risks including currency fluctuations, economic instability and political developments. Investments in emerging markets, of which frontier markets are a subset, involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Because these frameworks are typically even less developed in frontier markets, as well as various factors including the increased potential for extreme price volatility, illiquidity, trade barriers and exchange controls, the risks associated with emerging markets are magnified in frontier markets. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. _____________________________________ 1. Sources: Reuters, IBGE.
Investment Adventures in Emerging Markets - Notes from Mark Mobius
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 15 global emerging markets offices and manages emerging markets portfolios. As he spans the globe in search of investment opportunities, his “Investment Adventures in Emerging Markets” blog gives readers a taste for what he does, when, where, why and how. Dr. Mobius has written several books, including “Trading with China,” “The Investor’s Guide to Emerging Markets,” “Mobius on Emerging Markets,” “Passport to Profits,” “Equities—An Introduction to the Core Concepts,” “Mutual Funds—An Introduction to the Core Concepts,” ”The Little Book of Emerging Markets,” and “Mark Mobius: An Illustrated Biography."
Brazil’s Political Bumps
Investment Adventures in Emerging Markets http://ift.tt/2rE3LRy
Just when Brazil’s economy seemed to be turning a corner, a new political scandal has caused a strong market reaction, sending Brazil’s stock market into a tailspin. President Michel Temer, who came into office following the impeachment of former President Dilma Rouseff due to a corruption scandal, is now caught up in a corruption scandal of his own. If Temer is found not guilty, Brazil’s next general election takes place in 2018, so he would remain in office two more years and presumably continue to pursue his agenda. If he is found guilty, he would likely be impeached and removed from office, like Rouseff was. While we have been encouraged by Temer’s more reform-minded government, in our view this latest scandal doesn’t mean that momentum will necessarily end—even if he’s removed from office. If Temer were to be removed from office, we believe there will still be reforms, although they will likely take longer to implement. The bottom line is that the reform movement against corruption is ongoing, and that is overall positive for Brazil. Even if Temer himself may not be able to carry out the reforms he is now supervising, we think the reformists can move forward since they already have a momentum of their own. There is a realization that reform is needed in many areas, but it often takes time. These developments emphasize the importance of taking a long-term view when investing in emerging markets. Change doesn’t happen overnight. We think there are still plenty of opportunities on an individual-stock level in Brazil, and these types of market shocks can unlock values. We are currently seeing value in almost every sector in Brazil, simply because the market is depressed in all directions. Most interesting to us are the banking and retail sectors. In terms of monetary policy in Brazil, in my view, there is still room for Brazil’s central bank to cut interest rates further. Its currency has seen a recovery from its lows hit on May 18 when the Temer scandal broke. More importantly, there has been a steady downturn in inflation. Brazil’s annual inflation rate stood at 3.77% in mid-May, its lowest level in 10 years.1 In my view, an aggressive cut in interest rates would be very good for the economy. I think it’s about time that Brazil had a reasonable interest-rate environment, particularly for small and medium-sized businesses which could then get financing at lower rates. This could give an overall boost to the economy. We will of course be monitoring the situation in Brazil to determine what type of impact this latest setback has on Brazil’s economy and the businesses operating there. In my view, the setback is temporary; we have seen other markets bounce back from political scandals in the past. The ongoing, longer-term recovery of Brazil’s stock market and economy still looks to us to be intact. Mark Mobius’s comments, opinions and analyses are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Because market and economic conditions are subject to rapid change, comments, opinions and analyses are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment or strategy. Important Legal Information All investments involve risks, including the possible loss of principal. Investments in foreign securities involve special risks including currency fluctuations, economic instability and political developments. Investments in emerging markets, of which frontier markets are a subset, involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Because these frameworks are typically even less developed in frontier markets, as well as various factors including the increased potential for extreme price volatility, illiquidity, trade barriers and exchange controls, the risks associated with emerging markets are magnified in frontier markets. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. _____________________________________ 1. Sources: Reuters, IBGE.
Investment Adventures in Emerging Markets - Notes from Mark Mobius
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 15 global emerging markets offices and manages emerging markets portfolios. As he spans the globe in search of investment opportunities, his “Investment Adventures in Emerging Markets” blog gives readers a taste for what he does, when, where, why and how. Dr. Mobius has written several books, including “Trading with China,” “The Investor’s Guide to Emerging Markets,” “Mobius on Emerging Markets,” “Passport to Profits,” “Equities—An Introduction to the Core Concepts,” “Mutual Funds—An Introduction to the Core Concepts,” ”The Little Book of Emerging Markets,” and “Mark Mobius: An Illustrated Biography."
Aurora Delivers 2,500% Revenue Growth in 12 Months
INO.com Traders Blog http://ift.tt/2r0yzLQ Analysis originally distributed on May 19, 2017 By: Michael Vodicka of Cannabis Stock Trades First-quarter earnings season is almost over. And the cannabis sector has been knocking it out of the park. A lot of the stocks that we have covered over the last few months have stepped up and delivered excellent results. Let's take […]
New Market High Fueled By Light Holiday Buying - I Don’t Trust It
One Option Trading Blog http://ift.tt/2rTWISf Posted 9:30 AM ET - Yesterday the FOMC minutes revealed that the Fed is still likely to hike rates in June. The market inched its way to a new all-time high and we are seeing follow-through buying this morning. That is contrary to what you would expect and I don't trust this rally. There are too many unresolved issues for a sustained breakout. This is just a light volume holiday rally. Politicians are in a stalemate and it will be a long time before we see tax cuts. DC goes on vacation during the summer and nothing gets done (hard to …
New Market High Fueled By Light Holiday Buying - I Don’t Trust It
One Option Trading Blog http://ift.tt/2rTWISf Posted 9:30 AM ET - Yesterday the FOMC minutes revealed that the Fed is still likely to hike rates in June. The market inched its way to a new all-time high and we are seeing follow-through buying this morning. That is contrary to what you would expect and I don't trust this rally. There are too many unresolved issues for a sustained breakout. This is just a light volume holiday rally. Politicians are in a stalemate and it will be a long time before we see tax cuts. DC goes on vacation during the summer and nothing gets done (hard to …
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