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 […]

Markets Squeeze higher – but Germans reject pooled eurozone debt

You might be asking a question about how the Australian Dollar is back above parity after a night where Spanish yields hit just around 7% where Italy’s bond auction got sold but at substantially higher rates than just last month and only a couple of days before the Greek election. Please don’t believe anyone who […]

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 […]

US Jobs data hits markets – Aussie Dollar and Euro bounce

By Greg McKenna Stocks plunged more than 2 percent in the US on Friday as the release of a terribly low non-farm payrolls result of just 69,000 and an uptick in the unemployment rate suggest that the US recovery is faltering. The Dow has been dragged into negative territory for the year now and the […]

OECD – “she’ll be right but…”

The OECD released its latest global update over night and it is interesting insofar as that it takes the usual saccharine sanguine approach yet the risks are so obviously there of an undershoot of expectations that it is almost a worthless document already. Certainly the OECD highlights the problems relating to Europe and I’m probably […]

Pessimism Fatigue – Markets rally

The market selloff and fear of last week was but a memory overnight as more positive feeling buoyed equities and risk assets and put upward pressure on bond yields. The S&P 500 is up 1.6% to 1315.99, the FTSE rose 0.7% and the other Bourses of Europe were mostly higher, the Euro is back above […]

Markets – Time for a bounce?

On Saturday morning I sat down and wrote the Trading week wrap over at MacroBusiness where I looked at a number of markets and what the price action and thus the technicals, mostly, suggested about the near term direction. After a week like last week I expected to have my bearish bias reinforced but by […]

Market Rout Intensifies

I’ve posted the links and the MacroBusiness morning over at MacroBusiness today and I wanted to highlight a few things. Firstly, after a brief hiatus in Asian trade yesterday the selling returned with a vengeance overnight in equity markets as the pending Euro implosion gather steam. Indeed UK Prime Minister David Cameron ratcheted up the […]

Australian Dollar Breakdown – Bulls run away.

Cross posted with MacroBusiness. The confluence of events over the past week has taken the wind from the Australian Dollar’s sails and contributed to the drop through support in a manner that suggests this move has further to run.  Indeed I have been calling it back below parity for some time now – we just […]

Aussie Dollar closing in on VERY important support

The Aussie is doing as I’d expected at present and continuing to struggle, hitting what I think is a 2 month low overnight at 1.0427. The wash off of the oversold hourly move a couple of days ago pulled up exactly where it should have just below 1.0560/75 and last night saw it under pressure once […]