Emerging Global and Domestic Markets

Third and Final Leg of Stock Market Crash in October or Sooner – Part 1- David Brady (18/04/2019)

April 18, 2019 In this article, I explain why I expect the third and final leg of the crash that began in October 2018 to occur in October 2019, or sooner, and see the S&P 500 fall ~30% to lower lows ~2100-2200. Until then, I expect the S&P to slowly grind higher towards 3000-3150, short-term pu ...

Turkey is slowly becoming Argentina

The Turkish lira fell under immense pressure after the Financial Times reported the Turkish central bank (CBRT) used billions of dollars in short-term borrowing to bulk out its reserves.  At one point, the lira was down 2% to the dollar, the lowest levels since October 2018.  Concerns remain high ...

10 Investor Takeaways From the 2019 Spring IMFWorld Bank Meetings

Set against a constructive global backdrop, the overall tone at the mid-April meetings of the International Monetary Fund and the World Bank Group in Washington, DC, was optimistic, albeit mindful of the differentiated political and idiosyncratic risks across emerging markets (EM). PIMCO also is br ...

FTSE edges lower, retail sales shine

The FTSE index has posted small losses in the Thursday session. In North American trade, the FTSE is trading at 7,459, down 0.15% on the day. As well, the Bank of England released its quarterly credit conditions survey. Crisis? What crisis? The turmoil surrounding Britain’s departure from the Eu ...

FTSE edges lower, British retail sales shine

The FTSE index has posted small losses in the Thursday session. In North American trade, the FTSE is trading at 7,459, down 0.15% on the day. As well, the Bank of England released its quarterly credit conditions survey. Crisis? What crisis? The turmoil surrounding Britain’s departure from the Eu ...

US Wins WTO Ruling Against China on Imported Grains

The United States won a World Trade Organization (WTO) ruling on Thursday against China’s use of tariff-rate quotas for imported rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports. The case, lodged by the Obama administration in late 2016, marked the s ...

OANDA Market Insights podcast (episode 61)

OANDA Senior Market Analyst Craig Erlam previews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week they discuss the markets heading into the long bank holiday weekend, earnings season and the upcoming BoC and BoJ meetings. USD/CAD Canadian D ...

WTI crude – Is stalling a bearish signal?

Oil finding resistance after inventory data Oil is trading marginally lower so far today, with a stronger dollar potentially being a drag on WTI crude. Yesterday’s inventory report from EIA may also have taken some of edge off the rally, with the drawdown having been lower than that reported by A ...

Gold slips to 2019 low as global economic outlook improves

April 18 (Reuters) – Gold traded near its lowest level since end-December on Thursday as indications that the global economy might not be as pain-stricken as previously feared prompted investors to take risks ahead of a slew of economic data. Spot gold eased 0.1 percent to $1,273 per ounce by 072 ...

Third and Final Leg of Stock Market Crash in October or Sooner – Part 1

April 18, 2019 In this article, I explain why I expect the third and final leg of the crash that began in October 2018 to occur in October 2019, or sooner, and see the S&P 500 fall ~30% to lower lows ~2100-2200. Until then, I expect the S&P to slowly grind higher towards 3000-3150, short-term pu ...