Market Overview

The chart below looks at the price patterns of crude oil and the NYSE Index over the past 8 years. And while crude and the NYSE don’t always correlate, they have, over the past several years,...

We published a Q3 commentary on the US stock market on September 19. That piece is available here: www.cumber.com/q3-us-stock-market-update/. To paraphrase Keynes, things changed and so did we.In our...

Political uncertainty loomsFed on hold this year USD set to be range bound through 2016, then to weaken To read the entire report Please click on the pdf File Below

It was interesting to see the markets reaction to the Consumer Confidence report on Tuesday, along with some of the media headlines, to wit: Consumer confidence just surged to its highest level since...

Forex News and Events OPEC reach pre-agreement, let’s finalize it now! OPEC ministers reached an expected deal yesterday on the sidelines of the International Energy Forum in Algiers. After...

New research from Danske Bank Markets Going down? 10Y spread versus Bunds at attractive levels. To read the entire report Please click on the pdf File Below

FDAX:Despite the weaker prices, the medium and large trends are still in upward mode. The medium trend would break at 10175 points; the large trend at 10088 points. Until then, everything will remain...

AUD/NZDToday’s support: - 1.0502, 1.0479, 1.0456 and 1.0440 (main), where correction is possible. Break would give 1.0427, where correction also may be. Then follows 1.0401. Break of the latter...

German and Spanish inflation releases - inflation is expected to rise as base effects are fading. In addition, we have a couple of ECB speeches but we do not expect new info to the markets.In the US,...

German jobless data to be closely read after economic sentiment numbers The third estimate for US GDP growth in Q2 is to post sluggish increase The US pending home sales index is projected to rise in...

Recently I’ve been thinking a lot about what might happen in the event of a banking crisis redux. While I’m not very concerned about US banks these days, there is a ‘developing...

European Central Banks president Mario Draghi is set to face German legislators on Wednesday. The head of ECB easily averted questions from members of the European parliament before heading to face...

Monitoring purposes SPX: Sold long SPX on 9/16/16 at 2139.16 = gain .57%; Long SPX on 9/13/16 at 2127.02. Monitoring purposes Gold: Short GDX on 9/22/16 at 27.75. Long-Term Trend monitor purposes:...

The FED has not followed through on their numerous promises of a rate increase that Yellen and other FED officials have made over the past several years. She spoke about purchasing assets of private...