Fundamentals

Good Afternoon,

I took a few days off given it was Easter, which is a huge market holiday in many regions of the world. That being said, we are back at the beginning of the month/beginning of the quarter and the up-move in the equity markets continue.

But first, a busy economic calendar to review. Remember, if the event is specific to the internals of an economy, it is a "micro-fundamental" event. And for the USD, they are:

**much weaker than expected manufacturing data

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Shock! Surprise. Economic data comes in worse than expected and SPX rises to a record close. We are now 6 points below the all time high "print" of 1575.

So we had weekly claims come in a bit worse than expected, but overall still at/below the 350k level. As I mentioned in the past, how much better can things get when you drop very quickly from the 400k level to below the 350k level. There just aren't enough jobs out there to continue the move down to 300k - I don't think...

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Let's be clear, the SPX will hit a new record. It is just a matter of when. Before I get to technicals though, a quick fundamental update, very quick. Durable goods and weekly claims. That's about it. Durable goods already came out and weekly claims will be out tomrrow - I expect weekly claims to be supportive - showing a strenghtening labor market. BUT, watch out! Keep an eye on the 4 week moving average over the next few quarters. Will it start to flatten or maybe even start to rise?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Yesterday's Market Review: The market was negatively affected by the uncertain decision from Cyprus, and caused the three U.S. stock indexes to close down. In currencies, the euro / U.S. dollar was down, the pound sterling against the U.S. dollar and pound and other commodity currencies had gone up. In addition, the yen was inflated due to the disappointment pressed by Kuroda. Together, gold and silver had gone up.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Yesterday Market Review: Cyprus bailout agreement did not pass, and that caused different emotional reactions to the market. The Fed will maintain current policy without any changes, and continue to implement liberal policies. The U.S. appetite for risk has increased, and the three major indexes rose one after another. In currencies, the risk currencies have increased the relative decline of the yen and the U.S. dollar. Gold and platinum show signs of a slight decline.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Update: Macro and Micro events will be covered in the Q1 Review/Q2 Preview IBFX Webinar

Happy Trading and Be Environmentally Cool

Coach Brian

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Morning,

A quick fundamental update as we had lots of data in the past few days.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Yesterday Market review: U.S. stocks on Friday overall went down along with the European market, with market risk aversion gradually warming up. In commodities, gold was influenced by the aversion and continued to move up; but silver remains slightly volatile and crude oil once again dropped. In currencies, the euro was under attack and move down. The pound supported the consolidation trend with risk aversion, and commodity currencies continued sideways and the yen remains volatile.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com