Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets 3 pptx

... by the trend of the U.S. dollar. Therefore, we begin our intermarket analysis with the dollar. The path to take is from the dollar to 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...

Ngày tải lên: 20/06/2014, 23:20

... 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 dollar and Treasury bill futures. Figure 6.10 shows the sharp rally in T-bill prices that began in the spring of 1989, which was the beginning of the end...

Ngày tải lên: 20/06/2014, 23:20

... Bonds GLOBAL BONDS AND GLOBAL INFLATION Figure 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 ... other markets. 124 INTERNATIONAL MARKETS FIGURE 8.2 THE WORLD'S THREE LARGEST STOCK MARKETS RESUMED UPTRENDS TOGETHER IN EARLY 1987 AND COLLAPSED TOGETHER IN T...

Ngày tải lên: 20/06/2014, 23:20

... 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 1980s ended ... interest-sensitive sector before it hit the general market. The bond market therefore became a leading indicator for the interest-sensitive stocks which, in turn, became...

Ngày tải lên: 20/06/2014, 23:20

... in the CRB Index. The final top in the Dow Utilities and the final peak in the bonds in early 1987 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 group index in the upper chart and the relative ratio line...

Ngày tải lên: 20/06/2014, 23:20

... 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 dollar to the commodity markets, then ... 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 pri...

Ngày tải lên: 21/06/2014, 07:20

... Bonds GLOBAL BONDS AND GLOBAL INFLATION Figure 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 119 FIGURE 7.17 THE CRB FUTURES PRICE INDEX VERSUS ANNUAL RATES OF CHANGE FOR THE C...

Ngày tải lên: 21/06/2014, 07:20

... 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 1980s ended ... are influ- enced by their own domestic bond markets) . And second, by U.S. bond prices which are themselves influenced by global bond markets. Discussion of the bond mar...

Ngày tải lên: 21/06/2014, 07:20

... later the broader stock market followed bonds and the utilities lower. The key to understanding the relationship between the Dow Utilities and the Dow Industrials 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 early 1987 coincided with a trough in the CRB Index. The breakdown in th...

Ngày tải lên: 21/06/2014, 07:20

... markets, 7-8, 53, 95, 216-217, 255 Gaps, 274 Globalization, 11, 53, 256-257 Gold, 53 and the dollar, 60, 63- 65, 70-72, 73, 265 vs. the Dow Jones Industrials, 232 , 266 279 foreign currencies and, ... 121 vs. the Producer Price Index and Consumer Price Index, 117-120 vs. savings and loans, 168-169 vs. stocks, 5, 211-216, 217 and Treasury bills, 35 , 36 -38 and Treasury bo...

Ngày tải lên: 21/06/2014, 07:20