$USD steadies against other major currencies

December 9, 2015 10:30 am / Published in Brent, China, SPX, USD
The U.S. Commerce Department releases wholesale figures for October. The wholesale inventories are forecast to have gained 0.1 percent after adding 0.5 percent in September. Sales at wholesalers are also expected to have risen 0.4 percent in October Spreadbetters see European shares opening touch higher Dollar steadies against other major currencies Brent gets respite after

$MSCI and $China

November 23, 2015 11:36 am / Published in ADR, China, MSCI, Nasdaq and NYSE
MSCI is adding 15 New York traded Chinese ADRs to its index.  This is a big deal as over $1 trillion of investments will be influenced by this decision.  Only six of these 15 stocks have good fundamentals.

$China pushed indexes lower

November 9, 2015 8:08 pm / Published in China, SPX
Weak Chinese trade data stoked concerns over weakening global growth and pushed indexes lower. The dollar fell on profit booking, while gold advanced. Treasuries fell on speculation over December rate hike. Oil traded lower on oversupply worries.

$QE from $ECB is more likely than not: $Draghi suggested and $China lower lending rate

October 26, 2015 9:35 am / Published in China, Draghi, ECB, QE
Focus was away from the Fed this week as markets digested Draghi comments suggesting more QE is coming and fresh easing from China. Draghi commented that the degree of policy accommodation would be re-examined in December, noting downside risks to growth and inflation. This is a signal that the ECB may increase its QE programs,

Balanced Day in $SPX – Negative in $China $HSI

October 21, 2015 9:55 am / Published in China, EUR/USD, HSI
It is important to remember that when you buy a stock you are buying present value of future earnings. Now with expected negative earnings for 2015 its time to keep cash. In the last half-hour, Chinese government did not step in to buy stocks, stocks tanked. Now we are trading a pattern of Lower Highs

$SPX – Flat on the day

September 25, 2015 5:29 pm / Published in China, HSI, SPX, STOXX
Asia and USA flat on the day and Europe closed +2% on the day. Hang Seng Futures marked lower lows, EuroStoxx marked higher highs and SP futures marked a higher high while closing at 0.03% A plunge in biotech shares pushed the S&P and Nasdaq lower. The dollar gained, while treasuries and gold dropped as