HEDLines – Archive

There have been some repercussions from yesterday’s Fed meeting and announcements. The principle feature was that Janet Yellen’s remarks were considerably more ‘doveish’ in tone than those of some of her colleagues in recent weeks and so the market now expects…

Stock markets have regained some or all of the losses incurred in the sharp drop on Friday 9th of this month and the subsequent few days. The support that we identified from weekly-scale compressions in the September 11th edition held…

The US stock market fell hard on Friday, probably because various Fed spokespeople keep suggesting that the upcoming September meeting may well result in a rate rise and the market now has the strong impression that this is a coordinated…

The tight trading ranges in financial markets that have developed in the last few weeks have led to compression signals in stocks and bonds, as first reported in the August 26th edition. Those first few signals have now been joined…

The Japanese stock market has been range-bound for most of this year, trapped between the pessimism of outlook that has become embedded there and the government’s frantic actions to get things moving again. In some ways this has become a…

Dear governors and FOMC members. There has been some market confusion lately stemming from your various conflicting individual pronouncements about the likely direction of interest rates. This is bound to be a problem when such close attention is focussed on…

A couple of US equity indices made compressions yesterday: A couple of Europeans did too, although others are also near to compressing: This means that a new move is imminent and we cannot usually tell which way prices will go…

Gold futures made a daily-scale compression on Friday that has yet to break either way, despite some early weakness today. If you are convinced of the direction of the market for other reasons, by all means use the break of…

The sugar market rallies from time to time and the rally can be large, is it has been since last summer.  These sugar rallies are exaggerated by the lack of marginal supply as so much of the world’s production is…

Soya bean oil has been rallying all month, while the rest of the soya complex has crawled modestly higher.  This is an opportunity to sell some bean oil short hereabouts. Meanwhile, wheat has been trading sideways and has just made…