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USD Consolidation Around Support Level, Retracement Next?

USD Consolidation Around Support Level, Retracement Next?

  After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support Area Since the beginning of the month, the US Dollar index is trading within […]
Greenback Firmer In Becalmed Markets

Greenback Firmer In Becalmed Markets

  The US dollar is enjoying a firmer tone. Sterling is stabilizing after grinding down to its lowest level since late June. The Mexican peso, which had dropped in thin trading in Asia and Europe yesterday following Trump’s threat to exit NAFTA and force Congress to fund the Wall or face a government shutdown recovered fully […]
The Next Oil Price Spike May Cripple The Industry

The Next Oil Price Spike May Cripple The Industry

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be “lower for longer”, or even “lower forever”, as the electrification of transport will eat away at oil demand more and more while, at the same time, technological […]
Deutsche Bank Forced To Slash Fixed-Income Research Price By Half On Lackluster Demand

Deutsche Bank Forced To Slash Fixed-Income Research Price By Half On Lackluster Demand

One by one over the past several months, Europe’s largest investment banks have each rolled out their new pricing models detailing how they’ll charge for research in 2018 once the new MiFID II regulations go into effect.Pricing strategies have varied from expensive all-in packages costing nearly $500,000 a year to pay-as-you-go plans that charge for […]
EUR/USD And GBP/USD Forecast – Thursday, August 24

EUR/USD And GBP/USD Forecast – Thursday, August 24

EUR/USD The EUR/USD pair rallied on Wednesday, as the 1.17 level looks to be supportive yet again. Also, we got decent industrial production numbers coming out of the EU, so that of course helps the value of the currency as well. Ultimately, Mario Draghi didn’t say much about the currency itself, so that gave traders […]
Why Choose A Private Offshore Vault

Why Choose A Private Offshore Vault

When choosing a place to buy and store gold and silver bullion, there are several aspects that need to be considered, especially for those who are new to storing their precious metals. Physical precious metals are almost always purchased for the purpose of wealth protection but how good is such ‘protection’ in a systemic crisis? […]
The Blessing And Curse Of Being A Public Company

The Blessing And Curse Of Being A Public Company

The grass always seems greener on the other side. Managers of public companies want to be private so they don’t have to hit quarterly targets. And strong private companies would love public capital to grow without micromanaging oversight from their VC overlords.Even though being public is positioned as a black and white binary decision I […]
German Central Bank Completes Repatriation Of $28 Billion In Gold Three Years Ahead Of Schedule

German Central Bank Completes Repatriation Of $28 Billion In Gold Three Years Ahead Of Schedule

On January 16, 2013, the Bundesbank – one of the biggest gold holder in the world, with 3,378 tonnes – shocked the world: out of the blue, the German central bank announced that by December 31, 2020, it intends to store half of Germany’s gold reserves in its own vaults in Frankfurt, up from only 31% […]
Doesn’t Matter, Doesn’t Matter, Matters

Doesn’t Matter, Doesn’t Matter, Matters

Written by Steve Blumenthal, CMG “Anything that has happened economically, has happened over and over again.” – Ray Dalio, founder, Bridgewater Associates, in Bloomberg interview My thinking is impatient and mostly critical as I sift through research each week. I’m sure my “get to the point” personality frustrates my co-workers and I’m sure at times my beautiful […]
Will The Annual Jackson Hole Symposium Hold New Surprises?

Will The Annual Jackson Hole Symposium Hold New Surprises?

If the markets are still talking about the “Sintra Accord”, then Jackson Hole is quite likely to bring with it some expectations. Not so long ago, central banks convened in Sintra, Portugal. Here, surprisingly many central bank chiefs came out strongly hawkish. This included the BoE Governor Carney, BoC’s Poloz and the ECB’s Draghi. The […]