MacroView_TrendFlex

MacroView_TrendFlex

Gold TrendFlex Active Profile TrendFlex Active Score: -.45 Trend Momentum: Negative Volatility Range: 1288 (top end) 1275 (mid) 1266 (bottom end) *Note: TrendFlex Active provides a quantitative approach to intraday analysis. By matching up an asset's active score, price momentum and near-term volatility...

MacroView_TrendFlex

U.S. financial stocks have been in pullback mode this week despite the SPX moving higher. Considering that financial stocks had been a big boost to market gains over the last several months, this could be concerning. The XLF is down about 3% - and regional banks KRE down 6% - since the recent top. Let's put this move into context, shall we? As MacroView as...

MacroView_TrendFlex Updated 

Crude Oil Brief Crude oil has been strong of late and has gained nearly 30 percent over the last four months. Much of this has to due with the exporting of crude and products which has dramatically lowered inventory stocks - overall stocks the lowest since March 2015. However, we are heading into a seasonally weak period for energy products, and inventories...

MacroView_TrendFlex

British Pound TrendFlex Active Range TrendFlex Active Score: -.85 (moderately bearish) Price Momentum: Negative Volatility Range: 1.33 (top end) 1.3185 (midpoint) 1.3085 (bottom end) *Note: TrendFlex Active provides a quantitative approach to intraday analysis. By matching up an asset's active score,...

MacroView_TrendFlex

Nikkei - TrendFlex Active Range TrendFlex Active Score: .95 (moderately bullish) Price Momentum: Positive Volatility Range: 21,929 (top end) 21,420 (midpoint) 20,918 (bottom end) *Note: TrendFlex Active provides a quantitative approach to intraday analysis. By matching up an asset's active score,...

MacroView_TrendFlex

It is almost a sure bet that the Federal Reserve will hike an additional 25 bps during this month's FOMC meeting, but yields aren't playing ball. Despite another notch up on the Fed funds, the dollar continues to unwind a large speculative position that had built up post-election. Pointed out in mid-April , the DXY - then over 100 - wasn't positioned for several...

MacroView_TrendFlex

Gold, weekly close $1,248.77 DXY, weekly close 100.56 US02Y Yield 126 bps US10Y Yields 238 bps US Real Rates 16 bps 1D Z-Score .89 1W Z-Score 1.18 TrendFlex Alerts Yes As Q1-17 comes to an end, the macro-landscape remains interesting for gold. U.S. economic data remains mixed. We continue to see soft (i.e. consumer and business survey data) to...

MacroView_TrendFlex

Last week’s gold report warned that price action was extended and a pullback is warranted; and a pullback is what gold traders got. Last week’s close was the first negative close in five, and it largely was on the back of surging 2-year yields as market participants aim to price in March rate hike. The U.S. dollar surged earlier in the week but tapered off on...

MacroView_TrendFlex Updated 

Gold had another solid week with futures moving higher by nearly 2.5 percent. Bond yields in the U.S. closed lower as the curve continues to flatten post-Fed hike. The 10-year yield is down 12.97 percent from cycle highs, while the 30-year yield is down 8.49 percent. We did warn (back in September) that another Fed rate hike would be ultimately dovish....

MacroView_TrendFlex

We believe there will be added downside risk for GBP moving forward. #UK 10Y gilts have seen a massive bid since late January with yields falling nearly 40bps in that time. The trend is likely continue with both #Brexit potential and possible Scotland independence referendum. We look for 10Y gilts to fall below 90bps. Alert: 1.2476 Threshold:...

MacroView_TrendFlex

In higher inflation environments, money flows typically begin to head into emerging markets. This is primarily due to the fact that many of them are commodity producers. When looking at capital flows into EM-nations and real treasury term premia, it is this capital flow which is partly responsible for driving up interest rates. When taking this into account, it...

MacroView_TrendFlex

Since our macro bull call following a Fed rate hike, #gold is up 8.6 percent. Since our #TrendFlex alert on 1/13, XAUUSD up 2.55 percent. Gold finished strong last week as price action climbed higher and narrowly missing our R2 level of $1,248 – achieving a weekly high of $1,246.6. Despite the strong sentiment around global equities (primarily fueled by retail...

MacroView_TrendFlex

Why gold is really moving higher.... Gold had another strong week following a more dovish stance from the Federal Reserve last Wednesday, leaving the the Fed funds rate <75 bps. Moreover, gold futures were able to close above the key resistance level of $1,200 – a level last seen in November. The growing uncertainty of President Trump’s rhetoric and policy is...

MacroView_TrendFlex Updated 

Bull Signal on Platinum - XPTUSD MacroView Research forecasts platinum prices to extend gains near-term vis-a-vis weaker U.S. dollar; a view we've had in mid-December. Alert: $990 Thresholds: 959.47 Opportunity: 1053.29 Trade Mgmt: TP on 50% of position at $1,015; move threshold to breakeven This is a free version of MacroView Research's TrendFlex alerts, a...