HEDLines – Archive

The drop in equity markets yesterday after the minutes of a recent Federal reserve meeting confirmed that some tightening is happening (really?) has set markets up for a possible further fall. We have been negative on US markets in particular…

November Soybeans made a daily-scale bottom extension yesterday as the market fell towards today’s important USDA planting intentions report. This joins a bottom extension that we already saw in Sugar last week that led to a four-day rally. Sugar has…

We pointed out in the March 10th edition that the Dollar had strengthened to the point of making a couple of extension signals. Since then it has indeed fallen, as shown in this $Index chart: This drop has brought the $ index…

German Bunds have benefitted the most out of all the Europeans from the surge of government bond buying in recent years that has been provoked by the combination of fear and QE. The consequent rise in prices/fall in yields ended…

There have been several top extensions in various US indices lately, as reported. European equities have not really shared in the fun of the Trump rally and so similar top signals have been scarce on the other side of the Atlantic.…

Copper futures broke down from a daily scale compression earlier in the month and have since bounced back to it again: As regular readers will recognise, these ‘returns to compression’ usually offer a second chance to take a trade after…

A well-known economist has just pronounced that US equities are over-valued. Perhaps this is newsworthy because the world’s most famous investor has also just opined that stocks still have value because interest rates (and bond yields) are low and likely…

There have been two extension signals in the US$ in the last two days, both indicating that the current US$ strength is overdone: Due to the way the New Zealand currency is quoted, the signal in the first chart is a…

Energy markets have been stuck in trading ranges for almost a year and in particularly tight ranges for the last two months. There have been compression signals during this most recent tight range but no break into a trend. Now…

There was a flurry of activity in Grains last week as a new arrangement for the Renewable Fuels Standard was rumoured to be planned/plotted by refinery investor Carl Icahn, who is an adviser to Mr Trump. This caused Corn to rise…