Edward Harrison: Credit Writedowns

Marc Chandler, Chief Strategist of Bannockburn Global Forex, talks with Blake Morrow to discuss the upcoming Jackson Hole Symposium, some of its speakers and what to be on the lookout for in the days ahead in the markets. Marc believes that no matter what the FOMC Chairman says, the market will find something “dovish” to cling onto and the US Dollar may sell off following his speech. He talks about many instances in recent months that this has been the case in the FX market....

Richard Matthews from Pardus FX meets with Blake Morrow to discuss the #forex market this week as we turn our attention to the #jacksonhole symposium. Richard can’t think of any other reason to buy anymore other than US Dollars, but thinks taking profits here and buying dips is the way to go. Richard thinks that the GBPUSD could reach into the 1.15’s as inflation soars. He thinks the EURUSD could see .9500. Richard also believes the CHF may be the only other currency he may...

Jim Welsh of Macro Tides talks with Blake Morrow to talk the markets and price action we have seen the last week. One of the key points he makes this week is looking at unemployment in the US and where the FOMC stopped raising rates in each cycle. It’s an interesting point which does suggest the FOMC will keep their “foot on the gas” and continue to raise rates into 2022. Jim also discusses inflation in each cycle. Jim looks at the S&P and maps out a few scenarios...

Steven Van Metre from marketsinsiderpro.com sits down with Blake Morrow to discuss the global markets and how to prepare your trades and portfolio in what’s to come! Steven talks about employment and how the benchmark “Non-Farm Employment” numbers is not exactly what we should be looking at to gauge the employment picture in the USA. He also notes that employment is starting to weaken as a lagging indicator. Steven also talks about inflation and how we may have peaked...

Richard Matthews from Pardus FX meets with Blake Morrow to discuss the UK #inflation data that hit the market this week. He notes that inflation may be a lot higher than being reported. Also notes that the #GBPUSD continues to trade heavy and a move to the 1.1650 level is at risk. He believes the Bank of England #BOE continues to be behind the curve! Richard also remains very bullish the US Dollar near term and thinks the #EURUSD could trade towards parity, he is selling rallies. 👍👍 Make...

Ken Morrison from “Morrison on the Markets” sits down with Blake Morrow to discuss the commodities market, more specifically #crude oil, #cotton and #wheat. He showed us how he mixes his technical approach with fundamental information that is driving the #commodities market! He also looks at #crude oil and thinks based on the current information he has that we may be in a near term $85.00-$95.00 range in the market and any drop below the $85 level should be bought! 👍👍 Make sure...

Oscar G. Salem from BCM Partners sits down with Blake Morrow to talk about the current market conditions. He is looking for the Fed Governors and Jay Powell to continue with their hawkish rhetoric as financial conditions have loosened. This should keep downside pressure on the #SPX and create some risk aversion. Oscar would like to express those views with long USDZAR on dips to the 16.25 level. He also likes being long the USDSEK at 10.0600. Oscar likes high beta short against the US...

Jim Welsh of Macro Tides talks with Blake Morrow to talk about how the market reacted to the weaker #inflation numbers with CPI and PPI this week. Jim discusses how the Fed will continue to fight high inflation and rhetoric will reflect this in the weeks ahead. He talks about how financial conditions have improved. He also discusses the advance/decline line too. He brings us his wave count prediction of the S&P, TLT, Gold, US Dollar and the EURUSD as well. 👍👍 Make sure to like,...

David Keller CMT from StockCharts.com joins Blake Morrow today to talk how he sees the broad #market moving forward. The last time he joined the Traders Summit community he warned that most stocks were trading below their 200dma and the risk was lower. He was right and the market sank precipitously! Now, Dave is concerned sentiment may be too bullish, but is encouraged that stocks like #AAPL #MSFT and other market leaders are showing good strength. However, he has some warnings as we head...

The U.S. Labor Department reported that employers added 372,000 jobs in June, exceeding expectations, and the unemployment rate remained steady at 3.6%. Bannockburn Global Capital Markets Chief Market Strategist Marc Chandler discusses the impact of the June job report on the crypto markets and correlation to equities. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site:...