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  • Squawk / 49 minutes ago
    MarketChartist MarketChartist
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EuroSTOXX 50 Future ($FESX_F) Re-energizes Bull Theme; Targets 3175/85

    European benchmark average bullish shift through 3134
    • We stated in our last client report that “the bias into Tuesday and midweek is for a push up to challenge 3134, with a break here becoming more likely” and the push above here highlights a shift to a more bullish tone again.
    • Above 3134 now aims up to modest resistance at 3148, but with real risk this week back to challenge the 3175 cycle high and key long-term retrace target at 3185.
    • Overshoot risk, more likely into May, will be to 3200 and then Fibo targets at 3219 and 3233.
    • The 8-day RSI is positive, but not OB, leaving scope to go still higher this week
    • WHAT CHANGES THIS?
    • Below 3098 eases bull risks; through 3054 signals a neutral tone, only shifting negative below 3007

    Please see full report with levels and latest audio-visual analysis here: http://members.marketchartist.com/Daily/eurostoxx.pdf

    Daily Adjusted Continuation and Weekly charts
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  • Squawk / Yesterday at 10:41 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Dutch housing prices dropped 0.3% m/m in March following a flat reading in February. The annual change in house prices was -2.1% vs. -1.7% a month earlier. Despite the decline in March, there are signs of stabilisation following a couple of years of large declines in house prices. Having said that, house prices also appeared to stabilise in late 2010 / early 2011.
    Read the Squawk
    19h
    fxtime fxtime
    Interesting chart...do you have any data on the gearing ratio between average dutch annual income to house purchase price? House price consildation ( and booms) start...
    19h
    Mads Koefoed Mads Koefoed
    I don't have access those series, but Standard & Poor's did a piece from mid-2013 which has some charts (page 15). S&P notes that:

    "The price-to-rent ratio was...
    19h
    fxtime fxtime
    Demand is ever present but as you say supply side is the crux for a steady increase in valuations. Thx for the additional charts.
  • 17h
    kirand kirand
    hi what are your thoughts on spx-500 and dow-30 thanks
  • Editor’s Picks / Yesterday at 5:21 GMT

    Of 72 economists polled, none see economy contracting this year

    MarketWatch
    If you’re comforted by the wisdom of crowds, then it’s probably good news that a National Association for Business Economics survey of 72 economists didn’t find a single respondent who thinks the U.S. economy will contract this year, the fourth-consecutive survey where that’s been the case. Alternatively, it could be evidence of groupthink in either mentality or forecasting model.
    The NABE polls its members quarterly, and most — like on Wall Street — expect the economy to grow between 2.1% and 3% this year. Six percent see the economy rising between 0.1% and 1%, 14% see it between 1.1% and 2%, 72% see it between 2.1% and 3%, and 8% see it growing between 3.1% and 4%.
    Read article on MarketWatch Go to post