FOREXLEARNING

Options on Halliburton get messy »

HAL – Halliburton Co. – Making sense of options activity on oil company, Halliburton Co., this afternoon is difficult due to the chaotic and seemingly pattern-less trading taking place on the stock. Investors exchanged more than 200,000 contracts on HAL by 3:00 pm (ET), which represents approximately 37% of total existing open interest on the [...]

CE currencies rebound as pressure on Greece eases »

Headlines
Currencies: CE currencies rebound as pressure on Greece eases

Czech Republic
The Czech koruna firmed slightly as pressure on Greece (and Portugal) eased finally yesterday. The mildly positive price action for the koruna was primarily a result of foreign events, rather than the fact that the Czech MinFin upgraded its forecast for the growth of the Czech [...]

NZD underperformed, falling from 0.7200 to 0.7100 »

News and views
Risk markets partly rebounded after a barely changed stance by the Federal Reserve last night. US rates would remain low for an “extended period”, and there was no mention of asset sales, but the assessment of the labour market improved slightly. Even earlier, though, sentiment towards Europe had stabilised, investors seen buying the [...]

Euro debt crisis watch »

Southern European debt markets have entered panic mode. The purpose of this monitor is to watch developments in local and global financial markets to keep track of the contagion from the crisis. So far, local contagion to the other PIIGS (Portugal, Ireland, Italy, Greece, Spain) is evident, global contagion is limited.
There are evident signs that [...]

A Clear Warning Sign: Global Liquidity Is Drying Up! »

In last week’s Money and Markets column I told you the majority of my indicators are signaling that the stock market has probably entered the last phase of its medium-term uptrend, which began in March 2009.
I went over price-to-earnings ratios (based on twelve-months trailing GAAP earnings) and dividend yields. Both metrics are showing a heavily [...]

EUR hammered on contagion fears »

On Tuesday, at first it looked as if EUR/USD traders would again experience a rather calm trading session. The single currency lost some ground off from the Asian highs. At the start of European trading, there was again a lot of market talk on the risk of contagion as spreads of countries like Portugal and [...]

The superpower’s labor market continuous deterioration may be slightly easing but remains nowadays major obstruction… »

The present recovery path is gaining momentum gradually throughout most of the economic activities and conditions of the world’s superpower, as what was already attested throughout the last Fed’s Beige Book and yesterday’s FOMC Rate Decision, having manufacturing, services and housing conditions expanding recently across the country along with better than-forecasted first-quarter results posted these [...]

Oil On Junk »

Oil prices and commodities got slammed on the S&P downgrades. They sent Greece to junk and Portugal is headed in that direction. Once again oil traders are reminded how much of the price of oil is dependent on some semblance of market stability. With the Fed dead ahead, oil traders have to realize that the [...]

Fed reiterates low interest rate stance for an extended period »

Market Brief
The JPY and USD strengthened against most major currencies as USDJPY traded at 94.18 after S&P reduced Spain’s credit rating yesterday and signaled the EU’s debt problems are spreading. The USD Index was at 82.33 after it rose to 82.71 yesterday, the strongest since May 2009 before a report today forecast to show [...]

A Peak in the S&P 500 Cycle? »

Mike Paulenoff, On a Peak in the S&P 500 Cycle? (MPTrader.com)
Today we review our 21-25 cycle work on the S&P 500. Tuesday is the 25th trading day from the March 25th cycle low date and 50 trading days from the Feb. 5th cycle low (which actually WAS a low). It’s a critical day for [...]