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Featured Post from Alejandro Zambranoby, Today at 08:55 AM
As we are nearing the end of 2014, liquidity is much lower than usual but Stock markets tend to rally during this period of the year hence there is no strong reason to rule out further Stock Market rallies. My reasons for being bullish are the same like last week i.e. decent world GDP growth, low inflation environment, expected GDP boost by lower Oil prices and more monetary easing by the ECB in 2015.
Gold has turned flat and may very well remain flat for some time as the FOMC meeting was not hawkish enough to kick start a strong US Dollar trend.
USOil has been trending strongly and generated a good amount of opportunities last week, the overall range is however turning a bit narrow and we might need some consolidation ...
Featured Post from Alejandro Zambranoby, 12-16-2014 at 07:33 AM
Stock markets and Oil experienced strong losses yesterday exceeding my expectations for declines. The trend of most stock markets are still bearish today and Oil plunged to a new low this morning hence, we can't rule out further losses today.
While I am sticking to the short term bearish trends I would like to point out that we have started to reach longer term support for stock markets, hence we should expect the markets to be choppy.
Tomorrow this month's FED meeting will take place and the FED is expected to change their statement to hint about rate hikes in 2015. If this does take place then this should be bearish for stock markets, Gold and Oil, while bullish for the US Dollar.
The very ...
Featured Post from Alejandro Zambranoby, 12-15-2014 at 10:27 AM
Stock markets and Oil experienced strong declines last week hence is understandable that we have experienced bounces in Stock markets this morning. The short term trends are however bearish and we don't have any fundamental reason to be buyers.
In the case of USOIL we may even turn more bearish as Opec members seem to be ready to allow Brent Crude to reach 40 US Dollar (see ticker UKOIL). There is a strong link between stock markets and Oil right now, we have also seen another decline in the Russian Ruble. An oil price that is too low, may harm Russia which may hit the stock markets.
Later this week, we will get the outcome of the FOMC meeting, if the FED changes their language as anticipated and hint about rate ...