Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets 4 pdf

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_3 doc

... by the trend of the U.S. dollar. Therefore,we begin our intermarket analysis with the dollar. The path to take is from the dollarto the commodity markets, then from the commodity markets to the ... bottom in the CRB Index. The relationship between the dollar and the gold market is very important in fore-casting the trend of the general commodity price level, and using a foreign currency market, ... impact of the dollar on the bond and the stock markets is not a direct onebut an indirect one. The impact of the dollar on bonds and stocks must be understoodfrom the standpoint of the dollar's...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_4 pdf

... direction and sometimes in the same direction. The trick is in understanding the lead and lag times that usually occur and also the sequence of events that affect the two markets. Figure 6.11 shows the ... the CRB Indexfrom 19 84 to 1989 shows that the Grains have the strongest correlation with the Index( 84% ). Two other groups with strong correlations are the Industrials (67%) *and the Energy markets ... detail. For most of that year, the CRB Index and the JOC Index trended inopposite directions. During the first half of 1989, the JOC Index strengthened while the CRB Index weakened. By the time the...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_5 pptx

... other markets. 1 24 INTERNATIONAL MARKETS FIGURE 8.2 THE WORLD'S THREE LARGEST STOCK MARKETS RESUMED UPTRENDS TOGETHER IN EARLY1987 AND COLLAPSED TOGETHER IN THE FALL OF THE SAME YEAR. Global ... Bonds GLOBAL BONDS AND GLOBAL INFLATIONFigure 8.20 shows the interplay between U.S. and Japanese bond prices (two charts on the left) and the U.S. and Japanese stock markets (two charts on the ... OF GOLD AND OILThere are times when the gold and oil futures markets, either in tandem or separately,become the dominant markets in the intermarket picture. This is partly because the financial...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_6 doc

... such as gold and oil. The study of gold and oil leads us to the next stop on the intermarket journey, and that is the study of industry groups. Two global themes that were seen as the 1980sended ... During 1986 and 1987, the S&L group was caught in between the upward pull of rising stock prices and the downward pull of a falling bond market. By the time the S&Ls were formingtheir "right ... interest-sensitive sector before it hit the general market. The bond market therefore became a leading indicator for the interest-sensitive stockswhich, in turn, became a leading indicator for the stock market...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_7 doc

... juice 144 . 34 Orange juice 105.62 Crude oil 112. 24 Platinum 105.59* Gasoline 111.39Crude oil 105.36 Hogs 109 .41 Sugar 1 04. 52* Gold 109.20Coffee 1 04. 40* Platinum 105 .40 Gold 103.27 Lumber 1 04. 40Cattle ... in the CRB Index. The final top in the Dow Utilities and the final peak in the bonds in early1987 coincided with a trough in the CRB Index. The breakdown in the two financial markets in the ... (energy and precious metals) and the weakest group (the grains). Each Figure shows the actual commodity groupindex in the upper chart and the relative ratio line in the lower chart. The time...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_1 pdf

... the commodity markets is largely determined by the trend of the U.S. dollar. Therefore,we begin our intermarket analysis with the dollar. The path to take is from the dollarto the commodity markets, then ... relationship between the dollar and the gold market is very important in fore-casting the trend of the general commodity price level, and using a foreign currency market, such as the deutsche mark, ... turns in the CRB Index. Figure 5. 14 shows the mark leading the CRB Index in 54 BONDS VERSUS STOCKSWhat needs to be determined is whether or not these developments have changed the way the markets...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_3 pptx

... Bonds GLOBAL BONDS AND GLOBAL INFLATIONFigure 8.20 shows the interplay between U.S. and Japanese bond prices (two charts on the left) and the U.S. and Japanese stock markets (two charts on the ... turns in the CPI Index (1977 and THE CRB INDEX VERSUS THE PPI AND THE CPI 119FIGURE 7.17 THE CRB FUTURES PRICE INDEX VERSUS ANNUAL RATES OF CHANGE FOR THE CONSUMERPRICE INDEX (CPI-W) AND THE PRODUCER ... (CPI).1 24 INTERNATIONAL MARKETS FIGURE 8.2 THE WORLD'S THREE LARGEST STOCK MARKETS RESUMED UPTRENDS TOGETHER IN EARLY1987 AND COLLAPSED TOGETHER IN THE FALL OF THE SAME YEAR. Global Equity Markets...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_4 pot

... such as gold and oil. The study of gold and oil leads us to the next stop on the intermarket journey, and that is the study of industry groups. Two global themes that were seen as the 1980sended ... are influ-enced by their own domestic bond markets) . And second, by U.S. bond prices whichare themselves influenced by global bond markets. Discussion of the bond market and global interest rates ... in the S&Ls in 1986 coincides with the middle trough (the head) in the CRB Index. The third trough (the "right shoulder") in the CRB Index in the spring of 1987 coincideswith the...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_5 ppt

... later the broader stock market followed bonds and the utilities lower. The key to understanding the relationship between the Dow Utilities and the DowIndustrials lies in the recognition of the ... in the CRB Index. The final top in the Dow Utilities and the final peak in the bonds in early1987 coincided with a trough in the CRB Index. The breakdown in the two financial markets in the ... juice 144 . 34 Orange juice 105.62 Crude oil 112. 24 Platinum 105.59* Gasoline 111.39Crude oil 105.36 Hogs 109 .41 Sugar 1 04. 52* Gold 109.20Coffee 1 04. 40* Platinum 105 .40 Gold 103.27 Lumber 1 04. 40Cattle...

Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets_8 pot

... stocks, 149 , 1 64 Bar chart, 41 , 42 , 273Bond(s): and commodities, 9, 10, 13, 24, 28 and the CRB Index, 24- 30 and the dollar, 54, 58, 59in economic forecasting, 229-230 global, 141 - 143 as a leading ... rates:bonds and, 3 and commodities, 13, 22, 106-108vs. the CRB, PPI, and CPI, 120 and the dollar, 9, 19, 74, 75-79, 86, 94 global, 139- 141 and inflation, 20, 86long-term, 12, 75, 79-82metals and ... inflation, 40 , 54, 56, 72-73 and interest rates, 9, 19, 74, 75-79, 94 in intermarket analysis, 54 lead time and, 63, 70, 90sequence of in market turns, 90vs. the stock ma!rket, 54, 86-89 and the stock...

Xem thêm