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China’s Debt Bubble: Non-Financial Sector Debt At $26 Trillion

China’s Debt Bubble: Non-Financial Sector Debt At $26 Trillion

I recently wrote that global non-financial sector debt has surged to $153 trillion as of 3Q15. Among individual countries, China has witnessed rapid leveraging since the financial crisis of 2008-09. In my view, the debt crisis is still to unfold for China and this article puts into perspective the scale of leveraging in the last few years. […]
Sell In March And Go Away? There’s Something About April During Election Years

Sell In March And Go Away? There’s Something About April During Election Years

We will be the first to admit that in the current centrally-planned world, where nothing but the words and deeds of central bankers matter, fundamentals, seasonals, technicals and charts are a laughable anachronism from days gone by when the market – as traded by humans and not vacuum tubes with laser beams – could drop […]
You Probably Want To Go Long Oil

You Probably Want To Go Long Oil

Strong API Report for this time of year, and equities about to break out means short covering ahead for oil bears. Remember this is quarter end window dressing week as well! Expect some short covering in oil ahead of the EIA Report on Wednesday. Video Length: 00:05:03
The Pitfalls Of Currency Manipulation – A History Of Interventionist Failure

The Pitfalls Of Currency Manipulation – A History Of Interventionist Failure

The G-20 and Policy Coordination Readers may recall that the last G20 pow-wow (see “The Gasbag Gabfest” for details) featured an uncharacteristic lack of grandiose announcements, a fact we welcomed with great relief. The previously announced “900 plans” which were supposedly going to create “economic growth” by government decree seemed to have disappeared into the […]
EUR/USD Forex Signal – March 30, 2016

EUR/USD Forex Signal – March 30, 2016

EUR/USD Signal Update Yesterday’s signals were not triggered. Today’s EUR/USD Signals Risk 0.75% Trades may only be entered between 8am and 5pm London time today. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.1234 and 1.1220. Place the stop […]
5 Ways To Beat The “Savings Dilemma”

5 Ways To Beat The “Savings Dilemma”

“I can never retire.” At the wake for a client’s son, in the lobby of a plush funeral parlor, a woman I was introduced to seconds earlier looked at me and confessed four impactful words. I wasn’t aware of her personal situation however I felt the weight of her conviction. I asked: “So, how will you […]
Gold Rallies As Yellen Signals Slow Pace On Rates

Gold Rallies As Yellen Signals Slow Pace On Rates

Gold prices ended Tuesday’s session up $20.76, extending gains to a second-straight session, as the dollar retreated after Federal Reserve Chair Janet Yellen stressed the need to be cautious in deciding when to raise interest rates. “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy. […]
Crude Rises After Gasoline Draw, Crude Build

Crude Rises After Gasoline Draw, Crude Build

Following last week’s major surge in crude inventories, API reported a 2.6mm build (against expectations of a 3.1mm build) – 7th week in a row – which briefly jumped crude prices higher. A 319k draw at Cushing combined with draws in Gasoline (6th week in a row) and Distillates left oil pushing back to late-day highs. API Details: […]
Chart Of The Week: The Rush For Inflation Protection

Chart Of The Week: The Rush For Inflation Protection

Janet Yellen thinks she wants inflation. The market thinks she’s going to get it: The hawks at the Fed are losing the battle but I suspect they will win the war – after Yellen gets what she wants.
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                        US Dollar Drops On Yellen’s Dovish Speech

E US Dollar Drops On Yellen’s Dovish Speech

On Monday, we saw that the GBP/USD major was continuing an upward hike, this being considered the direct reaction of last week’s sell-off from the 1.4480 thresholds. Also, in the absence of fresh information regarding the Brexit in correlation with a weak US start, the pound made its point on Monday. The trend went up […]