Goldman Sachs, fresh off hitting its S&P 500 target of 2050 for year-end 2014, is only predicting a small gain next year. They see the S&P 500 rising to just 2100 by the end of 2015. That’s a 2.5% gain.
The S&P 500 is up 13 points to a fresh record at 2054. The index had gained/lost less than 0.1% for 5 consecutive sessions heading into today — matching the longest streak on record. Technically, the gains today break a … Continue reading
The index is in mildly positive territory today after an early decline. It’s turning into a quiet day in US trading but a fifth consecutive doji star would be a strong signal for caution. That kind of indecision after a … Continue reading
The snapshot of the forex market shows that the EUR is the strongest currency heading into Mario Draghi’s press conference. The weakest is the GBP. House prices in the UK came down today. Industrial Production and Manufacturing Production was a … Continue reading
The US mid-term election results has helped the USD move higher in trading today. The greenback is strongest against the AUD and NZD. Both pairs have trended lower in trading today (see charts below). Each also found selling interest against … Continue reading
The JPY continues to be the weakest currency as it continued the trend lower after the Friday surge on the back of the BOJ stimulus. The USDJPY is up by an additional 118 pips. The GBPJPY has risen 200 pips and the EURJPY is … Continue reading
The month of October is done and dusted.and the strongest and weakest currencies (and global stock indices) can be now be determined and ranked. Currency changes vs. the USD The USD rose against all the major currencies with the … Continue reading
The BOJ easing is taking center stage and has sent the JPY tumbling lower. The pair is the overwhelming weakest currency and rightfully so as the carry trade swings into full gear. The strongest of those carry trades is the NZDJPY … Continue reading