Currencies

2014: See It Market Insights

From the very beginning, 2014 seems determined to assert its independence from 2013’s steady and timeworn market themes.  Active investors enter the New Year with a Fed finally pulling the trigger on tapering QE: the initial response is risk-positive, but what goes down as larger quantities of the cheap money…

7 Defining Charts for 2014

With everyone offering up lists of 14 for 2014, I decided to follow a less ambitious but still mathematically justified route (2+0+1+4) with a selection of 7 charts for 2014 that are top-of-mind as we enter the trading year. WTI Crude Oil (CL) Continues It’s Broad Consolidation of 2008’s crash…

The Japanese Yen: Making History

What if I told you the Japanese Yen is the most heavily long-term oversold it has been in a generation? In the post-WWII era, the Yen was pegged at a fixed exchange rate to the US Dollar at a ratio of 360:1 (so $USDJPY 360) beginning in 1949.  After the…

Japanese Yen: In Extremis or About to Bottom?

If there’s any trade that has been more persuasive and irrepressible in 2013 than Developed Market equities, it’s the short Japanese Yen (JPY) trade.  Just like the S&P 500 (SPX), JPY hasn’t been so persistently one-sided since 1995. Back then – and again in the mid-2000s – the short JPY…

2014 Market Cycle Forecasts

As the annual market cycle is coming to a close, I have been feverishly working to analyze the upcoming cycle forecasts for key commodities and select asset classes. With this in mind, I thought it would be beneficial to share with you the 2014 market cycle forecasts for many key…

Forex: USD/JPY Breakout

The 2013 consolidation is over: or so it seems. US Dollar/Japanese Yen (USD/JPY) broke higher immediately after Tokyo’s session opened last night, with the Yen selling off hard to continue Friday’s reflexive rally and quickly dispatching the 99.41 high put in last Thursday. USD/JPY Breakout – 1-Hour: Establishes a Higher…

EUR/USD Analysis: Multi-Time Frame View Points Lower

With the Euro debt crisis at an ebb, a European Central Bank on hold the last few meetings and major oil and gold volatility against the backdrop of a more ambivalent Federal Reserve, the US Dollar (DX) has enjoyed a healthy share of notoriety while the EUR/USD has languished somewhat in…

Nikkei 225 and Yen Price Targets Met on Abenomics

The Nikkei 225 and Japanese Yen have met my price targets for this leg of the new uptrend. It has been quite a thrust higher for the Nikkei 225, but the sinking Yen has helped. Let’s take a deeper look the Japanese marketplace to get a better idea of where…

3 Reasons Investors Are Eating US Equities for Breakfast

The US financial markets flexed their collective muscle yet again, capitulating several more bears, and sending US equities to new all-time highs. The sheer power of the move in US equities in 2013 has become thematic. And furthermore, when combined with the strength in the US Dollar, there is no…

Global Financial Markets, In Pictures

By Andrew Nyquist     It doesn’t take 20-20 vision to see that the U.S. stock market is off to a good start in 2013. Similar to last year, the U.S. equity markets came out of the gates kicking up dirt and racing for higher ground. More impressive, the U.S. markets have done…