US After turmoil in the recent weeks US equities are back to all-time highs. Very solid data on consumer confidence and a Q3 GDP growth rate print of 3.5%, above a lower forecast of 3%, propelled the S&P 500 to 2018.05. Not even the completion of tapering on Wednesday stopped Read more…
US Last week’s losses were followed by some more, as the S&P 500 lost 0.75% to close at 1967.9 and the NASDAQ Composite and DJIA went down 0.81% and 0.6% respectively from their values at the end of last week. Stocks took a beating on Tuesday and Wednesday especially as Read more…
US Equity markets in the US lost ground this week, ending short of the fresh highs touched in the previous one. Macroeconomic data came in mixed, as a solid manufacturing PMI and positive data on new home sales on Tuesday and Wednesday were confounded by disappointing durable goods orders and Read more…
Two days ago, during its regular policy meeting, the ECB left interest rates unchanged and Mario Draghi said the “council was comfortable acting next time.” He signaled that there was a unanimous belief that the current inflation rate of 0.7% is unacceptable. He also stated that the strength of the Read more…
After three days we decided to close our position on the EURUSD as our trade did not play out. In the end we were almost flat so we did not lose money. However we keep our bullish view on the USD and we decided to change the pair and to Read more…
This week was dominated by the US and European central bankers speeches. They both confirmed their accommodative monetary policy. However the FED just confirmed its commitment to the bond buying program until the economy would have showed sign of improvement. The ECB, on the other side, decided to take really Read more…
We believe that the strong fundamentals of the US economy will further push the USD that recently has underperformed its counterparties. However we believe that in the long run the currency will appreciate. We suggest two ways to take advantage of this outlook: First by selling put options on the Read more…
Trade Idea: play the positive momentum of the EUR/USD pair The EUR/USD exchange rate recently dropped down from a high of 1.364, reached on the 1st of February, to 1.3349. We believe that there is the space for a short term rebound of the pair up to 1.345-1.35 and maybe Read more…