Month: December 2018

Stanley Druckenmiller on how markets have changed When Stanley Druckenmiller complains, you know it’s tough. He’s a billionaire and undoubtedly one of the greatest traders of all time. He laments how algos and quants have changed the game. “I made 30 percent a year for 30 years. Now, we aren’t even in the same zip
Trades at lowest level since June 26 The USDJPY has traded to a new session low at 10968. The low took out the August low at 109.75 and traded to the lowest level since June 26th in the process.   The 50% of the years trading range comes in at 109.572.  The low for the
Forex news from the European morning session – 31 December 2018 Headlines: Markets: GBP leads, NZD lags on the day European equities mixed, a little higher mostly; E-minis up 0.8% US 10-year yields up 1.4 bps to 2.732% Gold up 0.20% to $1,283.63 WTI up 1.83% to $46.16 Bitcoin down 3.89% to $3,740 With little
No signs of progress as Democrats get ready to take over the House ForexLive Democrats will take control of proceedings at the House starting this Thursday and their first order of business will likely be to pass a bill to end the partial federal government shutdown, and one that will see no additional resources for
In a new development for 2019 each Federal Open Market Committee (FOMC) meeting is to be followed by a news conference from Chair Jerome Powell. The dates, to print out and stick on the fridge: January 29-30 March 19-20* April/May30-1 June18-19* July30-31 September17-18* October29-30December10-11* * Meeting associated with a Summary of Economic Projections For comparison,
Are inventories piling up? I’m more optimistic than most for 2019. I don’t think there’s any recession or major global slowdown coming but I recognize that markets are sending that signal and while I’m willing to be a bit stubborn, I’m not willing to be blind. One major worry for me is inventories. Here’s how