Results for 'S&P500'
14 articles with this tag name
Updated Jun 17, 2013 1:50:00 PM
With the FOMC interest rate announcement due in 48-hours, we decided to take a quick look back to see how US equities are performing, not relative to the USD (fiat currency), but instead versus Gold. Since late-April the DJIA has continued to push higher vs. Gold, but more importantly has maintained well above the previous high from August 2009 of 9.99. This, in conjunction we the fact that weekly RSI continues to maintain above
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Updated Jun 14, 2013 2:55:00 PM
US Oil (WTI) has continued to rally over the past few days, as people are worried that the rising conflict in Syria could spread to other regions in the Middle East. This problem was exacerbated yesterday when President Obama decided to provide the Syrian rebels with U.S. weapons after it was determined that Assad’s forces used chemical weapons. Crude Oil’s break above the key $96.50-97.00 area, which saw the convergence of triangle resistance and
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Updated Jun 5, 2013 1:15:00 PM
AUDJPY decided to follow daily RSI, in less than 12-hours after highlighting the April lows around 96.90/95, by breaking to the downside. This key level was challenged towards the beginning of the week, even at times trading above it, but this ultimately proved to be short-lived as the decline since has been sharp and swift to the downside. Earlier today AUDJPY achieved the triangle pattern measured move objective of 95.50, the psychological & barrier/option related
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Updated May 7, 2013 6:00:00 PM
The Mexican Peso has been grinding steadily higher over the past few days on the back of US equity market strength, as the S&P500 broke above the key 1600 level on Friday – See Week Ahead. This is not really surprising as there is a historical strong inverse relationship between USDMXN and the S&P500 – See CORRELATIONS CORNER. That said, while US equities have continued to make new All-time highs, USDMXN just recently
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Updated Apr 15, 2013 6:30:00 PM
In light of the terribly horrific event that occurred at today’s Boston Marathon and the ongoing investigation, we will not elaborate too much on its market impact, but will state some quick market facts: At the beginning of the month we stated “Considering its close proximity to these All-time highs, we believe the S&P500 is likely to make a strong push for 1576 and potentially even break above it over the coming days. However, should
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Updated Apr 3, 2013 7:30:00 PM
With several key events happening over the next 48-hours: Interest rate announcements out of the BOJ, BOE & ECB as well as the U.S. employment report, we felt it was pertinent to highlight some of the technical levels in many of the FX majors and other asset classes as these events could create an extreme amount of volatility depending upon their outcomes. FX MAJORS: COMMODITIES, EQUITIES & TREASURIES: 1 Reference is for informational purposes only
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Updated Mar 22, 2013 5:00:00 PM
All the talk this week was dominated by a small island country in the EU which a little over a week ago most people would struggle to even locate on a map – Cyprus. While the sheer size of the potential bailout is rather minimal, the Troika appears set in principle that they will not continue to lend to insolvent institutions. This was reinforced earlier today when the Troika decided to hike Cyprus’s bailout contribution
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Updated Mar 4, 2013 8:05:00 PM
Roughly two and a half months ago we cited the strong inverse relationship between USD/MXN and the S&P5001 on an intraday basis (see original update below), however the relationship between to two has been similar on a daily basis as well – Correlation: -0.8287 (as of March 2012). That being said, since the turn of the year the relationship between the Peso and U.S. equities has begun to grow apart. So what has potentially caused
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Updated Feb 20, 2013 6:35:00 PM
FX MAJORS: COMMODITIES & EQUITIES: 1 Reference is for informational purposes only and is not offered to US clients Follow us on Twitter for more TECHNICAL UPDATES throughout the day!
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Updated Jan 25, 2013 5:40:00 PM
While much of the media’s focus and attention of late has been on the global equity rally, a mending Eurozone periphery and the race to debase, sparking the reemergence of ‘currency wars’, we believe that we must also not lose sight of a chart which has been flying just under the radar – The Gold/Silver ratio. While both metals are typified as traditional safe havens and hedges against inflation, silver accounts for a much larger
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