Yen Stabilises and Dollar Falls

Last week the Yen finally stabilised. This was more due to a weakened Dollar than anything else. The greenback suffered a very soft week as the weeks economic reports came in highlighting the effects…
The post Yen Stabilises and Dollar Falls first appeared on trademakers.

Read More

Yen Continues to Fall

Last week we saw the Yen continue to fall breaking the 160-level vs the US Dollar and tumbling against the other majors to hit multi decade lows…
The post Yen Continues to Fall first appeared on trademakers.

Read More

3D Bull & Bear Monthly Update: June 2024

The last day of the month of June was a great reminder that RISK HAPPENES FAST in the S&P 500. This can be seen in the chart below where the S&P 500 was making new all-time highs (the Volatility Index (VIX) was also making new monthly lows), and then the S&P 500 declined -1.3% in six hours.

Read More

Benjamin Franklin and the S&P 500

The S&P 500 is at its highest level in history and according to the Warren Buffet Indicator, it’s as overvalued as it was just months before a bear market and -27% decline. There are also signs around the globe that are warning the S&P 500 is…

Read More

Yen Continues to Test Intervention

Last week we saw the Yen continue to plummet as it lost 1.5% on the week. The week had it move closer to the 160 level as the BoJ failed to make clear its bond tapering program and with no immediate action the market moved the Yen lower against all other pairs…
The post Yen Continues to Test Intervention first appeared on trademakers.

Read More

Euro Elections Prove to Be Troublesome

Last week we had the results of the latest European Elections and it delivered. The Euro was the worst performer of the week as President Macron chose to call a snap election on the shortest timetable allowable…
The post Euro Elections Prove to Be Troublesome first appeared on trademakers.

Read More

Rate Cuts Begin

Last week we saw the first of potentially more rate cuts as both the BoC and ECB cut rates by 25bps. I know our reports have been looking at rate cuts being pushed deeper and deeper into 2024 and the NFP number last week seemed to continue its signal of higher for longer.
The post Rate Cuts Begin first appeared on trademakers.

Read More

3D Bull & Bear Monthly Update: May 2024

The last two months in the S&P 500 have been textbook examples and reminders that RISK HAPPENS FAST (in both directions). After dropping -4% in April and having the five worst days of the year last month, the S&P 500 rebounded to new all-time highs and finished the month of May up nearly 5%…

Read More

Risk of sentiment mutes any positive moves

Last week the markets were muted despite inflationary data remaining stubbornly high. AUD and NZD were the winners following strong numbers but the real risk off sentiment for the week muted any major moves.
The post Risk of sentiment mutes any positive moves first appeared on trademakers.

Read More

Rate Cuts Looking Deferred

Last week the markets were influenced by impending rate cuts or lack of. GBP regained the 1.27 level as any imminent rate cuts seem to have been pushed back from June to the earliest August. This was substantiated by the most recent inflationary numbers coupled with the unexpected election in July.
The post Rate Cuts Looking Deferred first appeared on trademakers.

Read More

Risk-on continues its trend

Last week we saw a return to a risk-on environment. The US Inflation report muted any calls for US interest rates to move higher leading to an equity rally and risk-on currency move.
The post Risk-on continues its trend first appeared on trademakers.

Read More

Currencies More Subdued (Apart from Yen)

Last week was a far more subdued week as market eyes were elsewhere. Global markets rallied pushing stocks to new highs in Europe and US markets posting substantial gains.
The post Currencies More Subdued (Apart from Yen) first appeared on trademakers.

Read More

BoJ Intervenes to Shore Up Yen

Last week we saw a reversal of the dollar strength which saw once again market expectations of 2 or more rate cuts in 2024 back on the table. With disappointing job numbers and a less hawkish than expected Powel the dollar tumbled away its gains and stock markets were buoyed.
The post BoJ Intervenes to Shore Up Yen first appeared on trademakers.

Read More