Market Update FOMC, T-Minus 1 Day…

Roughly 24 hours before the latest great ‘decision’ gets handed down on whether or not the Fed is considering changing ZIRP-eternity any time soon I thought I’d put up a general update of various markets.

It is the same old theme for the S&P 500, with a sideways to up bias on the intermediate and slight downward bias on the short-term.  SPX is grinding up and down every couple days and this is a market that people should stand aside from, outside of individual trades and long-term orientations taken for other reasons.  This market is and has been going nowhere.

spy

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Euro ‘Me Too!’ QE Trade, Part 2 Taking Shape

In Q4 2014 Europe was hated as an investment destination, what with pervasive deflationary pressures and little more than Draghi's jawbone supporting the idea of a coming QE and a…

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Europe; Apples to Apples

The 'apples to apples' chart of unhedged Spain vs. unhedged Deutchland (iShares) continues to sport an interesting pattern that implies the speculative impulse is still alive and well in Europe…

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Bonds, USD, Euro

Treasury yields are rising with the spread between the 10's and 2's also rising.  That continues the recent short-term trend.  The longer this keeps up the closer we'd get to…

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EUR/USD & Implications

I would love to see Euro take one more pop relative to USD, up to the noted resistance zone.  1.15 is a measurement and it also holds visual resistance.  From…

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US Dollar Updated

USD is bouncing from the projected support area of 94 +/-.  If I were to guess, I'd say it gets another leg down deeper into that area or possibly to…

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USD & Euro

USD is bouncing to test the highs after only stabbing but not really dropping into the preferred support area.  Whatever, a bad jobs report did not hurt Uncle Buck as…

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Euro Bullish

First, the big picture monthly view of the €uro.  How long ago it was that we charted the high risk level of 140 (+/-), at which €uro hit the top…

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FOMC Accelerant

These moves were likely either sooner or later, and the FOMC's sorta kinda change of wording was just the accelerant needed. Uncle Buck is taking a break... ...and EUR/USD is…

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Pre-FOMC Notes (and Research)

'Close to the vest' (AKA not leaning too far one way or another, AKA cash) remains the play until the FOMC meeting and its aftermath are cleared.  This is because…

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USD and Euro

I'll let you extrapolate for yourself based on the theme; with the theme being that 2 major currencies at the heart of so many current trends are ripe for reversal. …

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Hedging Euro Exposure

A subscriber just asked my thoughts on Euro exposure and how to hedge it.  As usual for me, simplest is best; short the Euro (or FXE) and long USD (RYSBX)…

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