S&P 500’s Rejection At May 2015 Downtrend Line Important Development

The S&P 500 large cap index lost 1.3 percent last week.  Intra-day, off the April 20th high through last Friday’s low, it is now down 2.8 percent.  The index retreated after unsuccessfully trying to break out of a declining trend … Continued

Dollar In Fed’s Bull’s Eye – Dollar Index Primed To Rally Near Term?

“Manufacturing and net exports have continued to be hard hit by slow global growth and the significant appreciation of the dollar since 2014… Low oil prices have also resulted in large-scale layoffs in the energy sector and adverse spillovers to … Continued

FOMC may signal rate-hike plans pushed back

posted in: Commodities, Credit, Currency, Economy | 0

As FOMC meets, markets will be looking for clues on rate-hike timing Consensus, which had been betting on mid-year hike, vacillating of late Lower-than-expected inflation, strong dollar excuses for Fed not to move The Federal Open Market Committee begins its … Continued