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US Industrial Production Data Dashes ‘Survey-Driven’ Hopes Of Manufacturing Renaissance

US Industrial Production Data Dashes ‘Survey-Driven’ Hopes Of Manufacturing Renaissance

Following August’s storm-driven collapse in Industrial Production (-0.9%, worst since May’09), September was due for a bounce back and it did but only meeting expectations with a 0.3% rise on a surge in Utilities. However, aggregate industrial production for the US remains 2% below its 2014 peak… Manufacturing Surveys have all been soaring heading into today’s IP print… […]
EUR Longs Rise To Fresh Multi-Year Highs Ahead Of October ECB

EUR Longs Rise To Fresh Multi-Year Highs Ahead Of October ECB

EURUSD Non-Commercials increased their net long positions in the Euro last week buying 7k contracts to take the total position to 98k contracts. EUR upside positioning has now moved to multi-year highs as investors continue to expect the announcement of further QE tapering at the upcoming ECB meeting this month. Comments ahead of the meeting […]
Goldman Sachs Group Inc. Q3 2017 Earnings Boost Shares After Beat

Goldman Sachs Group Inc. Q3 2017 Earnings Boost Shares After Beat

Goldman Sachs (GS) Q3 2017 earnings were released before opening bell this morning. The firm reported earnings of $5.02 per share on $8.3 billion in revenue, compared to the consensus estimates of $4.17 per share in earnings on $7.5 billion in revenue. In last year’s third quarter, Goldman Sachs reported $4.88 per share in earnings […]
Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures

Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures

Brexit UK vulnerable as gold bar exports distort UK trade figures Britain’s gold exports worth more than any other physical export Gold accounted for more than one in ten pounds of UK exports in July 2017 UK’s stock of wealth has collapsed from a surplus of £469bn to a net deficit of £22bn – ONS error Brexiteers […]
Germany’s Coalition Talks Are Sowing The Seeds Of The Euro’s Breakup

Germany’s Coalition Talks Are Sowing The Seeds Of The Euro’s Breakup

For years now within Germany’s policy circles, there have been many who have pushed for an ‘expulsion’ or ‘voluntary exit’ mechanism for the Eurozone. I am now hearing this position advocated by FDP head Christian Lindner, a potential finance minister in the new German governing coalition. I believe this affects Italy the most and sets […]
Oil, Tensions And Demand On The Rise

Oil, Tensions And Demand On The Rise

Oil prices are on the rise as supply from Northern Iraq in the Kurdish territory have been reduced as tensions rise. We are also getting new threats from North Korea as UN envoy, Deputy ambassador Kim In-ryong tells general assembly that tensions with the U.S. “has reached the touch-and-go point and a nuclear war may […]
Critical Threats To 2017’s Bull Market – Part 1: Macro View

Critical Threats To 2017’s Bull Market – Part 1: Macro View

While the idea that anything could go wrong in global stock markets (especially US markets) is simply incomprehensible to most, Bloomberg’s macro strategist Mark Cudmore dares to mention a few of the more prescient ‘known unknowns’ that could hamper the meltup for the rest of the year… Via Bloomberg, The base case for the last 11 weeks […]
AUDUSD Short-Term Analysis – Tuesday, Oct. 17

AUDUSD Short-Term Analysis – Tuesday, Oct. 17

AUDUSD short-term Elliott Wave analysis suggests that the decline to 0.7731 ended Primary wave ((W)) on 10/6 low. Bounce in Primary wave ((X)) is proposed to be unfolding as a double three Elliott Wave structure. Intermediate wave (W) of ((X)) ended at 0.7897 and Intermediate wave (X) of ((X)) pullback is in progress as a zigzag Elliott Wave structure. Down […]
Gold & Silver- Desperately Need This To Hold

Gold & Silver- Desperately Need This To Hold

Below looks at the Silver/Gold ratio over the past 30-years. Metals bulls (both Gold & Silver) want to see the ratio moving higher, to send a quality bullish message to both. The ratio has spent the majority of the past 30-years inside of rising channel (1). When the ratio hit the top of the long-term […]
Stocks To Watch: AMTD, DVN, SYMC

Stocks To Watch: AMTD, DVN, SYMC

Tuesday’s stock picks: Take a look at three trading ideas to prep you for the next trading session. Long TD Ameritrade (AMTD) Long Devon Energy (DVN) Short Symantec (SYMC)