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You Have Been Warned: The Situation In The Markets Is Much Worse Than You Realize

You Have Been Warned: The Situation In The Markets Is Much Worse Than You Realize

It’s about time that I share with you all a little secret. The situation in the markets is much worse than you realize. While that may sound like someone who has been crying “wolf” for the past several years, in all honesty, the public has no idea just how dire our present situation has become. […]
S&P And MSCI May Change The Composition Of The Telecommunications Sector

S&P And MSCI May Change The Composition Of The Telecommunications Sector

In July of this year S&P Dow Jones Indices and MSCI announced they were considering making changes to the current GICS Telecommunications Sector. Any changes would be announced in November and go into effect in 2018. Currently, the telecommunications sector represents about 2% of the S&P 500 Index. S&P’s and MSCI’s intent is to broaden the composition […]
Is The Yuan About To Tumble After Friday’s Shocking PBOC News? Here Is Goldman’s Take

Is The Yuan About To Tumble After Friday’s Shocking PBOC News? Here Is Goldman’s Take

In a move that stunned China currency watchers, late on Friday (local time) Bloomberg reported that China’s central bank decided that it would remove a  reserve requirement for financial institutions trading in FX forwards for clients by cutting it to zero from 20% currently. The change would take place on Monday, September 11 (it has yet to be […]
Asian Shares Rally – Gold Falls As Markets Breathe Heavy Sigh Of Relief

Asian Shares Rally – Gold Falls As Markets Breathe Heavy Sigh Of Relief

The “no apocalypse” relief trade is in full effect now. Having manifested itself early in a dollar rebound and yen weakness, things are getting underway in earnest and the risk-on move is gathering some steam (although as sure as I write this it will turn on a dime). Here’s the Kospi: And the Nikkei: Meanwhile, Treasury […]
Economic Forecast 2018-2019: Consumer Spending Grows Slowly

Economic Forecast 2018-2019: Consumer Spending Grows Slowly

Shutterstock Consumer spending is an important part of the economic forecast, though not the whole story. To predict future spending, I look at consumer incomes, pent-up demand, interest rates and credit availability, and attitudes. But attitudes are mostly derivative from the fundamentals. When incomes are up and unemployment is low and interest rates are low […]
Gold Faces Pullback Threats Despite Bull Pressure

Gold Faces Pullback Threats Despite Bull Pressure

Gold: The commodity looks to weaken further following its Friday price rejection. On the downside, support comes in at the 1,340.00 level where a break will turn attention to the 1,330.00 level. Further down, a cut through here will open the door for a move lower towards the 1,320.00 level. Below here if seen could […]
EU Accuses UK Of Backtracking: UK MPs Threaten To Block Divorce Payments

EU Accuses UK Of Backtracking: UK MPs Threaten To Block Divorce Payments

Brexit negotiations hit the rocks with the size of the Brexit divorce bill the key issue. The Independent reports: Britain is ‘backtracking’ on its Brexit divorce bill commitments, moans Michel Barnier, the EU’s chief negotiator warns. My response: Hooray for the UK!   Michel Barnier said he was “disappointed” by the UK position and publicly warned the […]
AAPL Sends The Nasdaq Lower

AAPL Sends The Nasdaq Lower

Apple Sells Off The stock market ended Friday mixed as the Nasdaq was the biggest sore spot, falling 0.59%. As I highlighted in previous articles, Apple (AAPL) usually falls right before the unveiling of its new phone. The 1.63% decline on Friday added to the Nasdaq’s woes. The stock is now down 3.30% off its […]
Trading Support And Resistance – Sept. 10

Trading Support And Resistance – Sept. 10

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]