Lighthouse Securities Morning Market Wrap – Markets Breaking higher

Cross Posted with MacroBusiness The European deal announced late in our trading day Friday ignited a risk rally like we haven’t seen for some time. We have trend breaks in a number of markets we follow and the overwhelming feeling is one of relief. Certainly from a fundamental standpoint there are many who believe this is […]

Does the inverse Aussie curve spell recession?

Wives tales and Murphy’s Law persist for a reason. As I’m oft heard saying “Murphy’s Law wouldn’t be a law if it wasn’t true” So there are “market laws” as well. Old axioms that have persisted through time largely because of a good track record and predictive ability. One of these market laws is that […]

Australian Dollar failing at resistance

Last night’s price action in the Euro and the US Dollar suggested, quite rightly, that the market remains worried about Spain. Indeed the Spanish 10 year yield closed at 7.16% and the Euro fell back from the Asian highs. The Australian Dollar on the other hand has been holding in really well and sits just […]

Contrarian View – Australian Dollar and Euro vulnerable to a squeeze higher

When I did links this morning over at Macro Business I posted an article noting that US money continued to flow out of Europe last month. I also saw that the Euro was back above 1.25 and the Aussie Dollar was around 0.9950. Chart courtesy of AVAFX Mobile off my iPhone Given the European malaise […]

RBA rate cut – 25 or 50 points.

I think by now its clear that the RBA went 50 basis points last month because it knew that the economy needed some monetary stimulus but equally that the Banks were going to hold some back. The Majors were actually more generous in passing on a big proportion of the cuts than some of the […]

Sell in May – Markets have a shocker

By Greg McKenna We saw a bit of position squaring yesterday for month end after assets like the Aussie Dollar made a fresh low for the year before rallying. Likewise in US equities the early weakness gave way to a better performance but by the end of play the pressure was unable to be withstood […]

Market rout continues – thoughts on current market turmoil

Morning – I am covering both Morning Links and the MacroBusiness morning this week and I thought that this mornings market wrap might be instructive as to my thoughts on the markets more broadly for those who follow my thoughts. Here is the link to MacroBusiness morning but in summary this sell off looks to […]

Australian Dollar Under pressure

As we end the week the Aussie looks like a shot duck – its close to parity as I write at 1.0020 and is just 40-60 points above the target I have had for about 5 or 6 cents now. As readers know my last post was saying I think the Aussie is heading toward […]

Australian Dollar – break out or just another head fake?

The Aussie Dollar has rallied strongly over the course of the last week. Indeed over the past few weeks we have had the Aussie test and hold important Fibonacci support in the 1.0220/40 region a couple of times and closed the week closing in on 1.05. So the question I ask myself is this another head fake […]

Ugly Chart Contest: Trend Breakers

Reblogged from Global Macro Monitor: It’s gettin’ ugly out there again, folks. (click here if chart is not observable) This is a really interesting post from the guys at MacroMon and markets are certainly getting that May feeling about them even though its only April. The Australian Dollar needs to hold above 1.0240 for it […]