Hit or Miss 08.09.13
for 08.12.13
Preamble
This week has been
choppy and uneventful. Noise has been made out of reports that markets were
historically known to be insensitive too. Meanwhile, good reports are
apparently lingering throughout the markets without much merit. Is tapering
that much of a fear among market participants? Richard Fisher, the president of
the Federal Reserve Bank of Dallas, had an interview on CNBC yesterday and he
made a good point. He said that corporations are not voicing their concerns
over monetary policy; according to him, they are more concerned with regulation
and uncertainty surrounding taxation. I would have to agree with him. I foresee
tapering causing a momentary selloff that would be calmed by corporate earnings
and economic reports.
Anyhow, below you
could find my forecast for the following trading session along with the results
from the previous forecast.
08.09.13
One Day Forecast:
Nikkei 225: Higher,
wrong
Gold: Lower, wrong
Silver: Lower, wrong
Soybeans: Lower, right
Ten Year Treasury
Note: Lower, wrong
Australian Dollar:
Lower, wrong
08.12.13
One Day Forecast:
Gold: Lower
Silver: Lower
Coffee: Lower
Ten Year: Lower
No comments:
Post a Comment