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Archives by Year:
AUD/USD To Rise Back Above 0.81? Two Opinions
The Australian dollar lost some ground but did not lose the bottom as the RBA held its ground. What’s next? Here are two views, from BTMU and from UOB. Here is their view, courtesy of eFXnews: AUD/USD: RBA Likely To Hike In H2 2018; Scope For Further M-Term AUD Gains – BTMU BTMU FX Strategy Research […]
EUR/USD Bullish Retracement Within Downtrend Testing 61.8 Fibonacci
EUR/USD 4 hour EUR/USD downtrend is unable to complete the last push towards the 38.2% Fibonacci level at 1.1470 and is now building a larger bullish retracement. Price is now retesting trend lines (orange) which could form a mild resistance zone. 1 hour The EUR/USD seems to be building a wave 4 (green) correction and […]
The Glut Lives Still In Imagination
While I commend the mainstream media for refraining the past few months from their orthodox tendencies to shout BOND ROUT!!! every time long Treasury yields rise for more than a few days at a time, that doesn’t mean the total absence of the ridiculous. With the long end once again trending lower in nominal yields, […]
The Quantity Versus The Austrian Theory Of Money
The Quantity Theory of Money (QTM) has been around since the time of Copernicus (the 1500s). In its original and most basic form it held that the general price level would change in direct proportion to the change in the supply of money, but to get around the problem that what was observed didn’t match […]
Growth Momentum Picks Up In The Eurozone But Inflation Slows
Summary: Eurozone flash GDP estimates show economic activity expanded 0.6% on the quarter in Q3 2017 Second quarter GDP was revised higher to 0.7% from 0.6% Inflation weakened in October as flash inflation data showed core CPI rising 0.9% and headline CPI rising 1.4% December ECB meeting will see release of the economic projections […]
PIMCO Plays It Safe With Multi-Factor Equity ETFs
PIMCO has long been known as a fixed-income powerhouse with an abundance of investment management talent and enviable track record. They are also one of the most successful purveyors of actively managed exchange-traded funds focused primarily on the bond market to-date. That dynamic changed recently with the launch of three new multi-factor equity ETFs that […]
Russell 2000 Hangs On
There were gains for all market but the Russell 2000 was able to dig in and come back after an early loss of ‘bull flag’ support. The Russell 2000 was able to rally back after testing its 50-day MA; those traders waiting for this will have benefitted from a handy risk:reward. The S&P generated […]
With Inflation Low, The Reserve Bank Of Australia Pushes On The Australian Dollar
In mid-July, the Australian dollar (FXA) surged higher after a hawkish interpretation of the RBA minutes. Guy Debelle, Deputy Governor of the Reserve Bank of Australia (RBA), tried to walk the market off its enthusiasm. The pause was temporary. By the early September RBA meeting, AUD/USD hit a 2+ year high, albeit partially because of weakness […]
US Dollar Outlook Hinges On Senate Tax Cut Proposal
Another quiet day on the economic data front is likely to keep US tax cut prospects front and center. The Senate is due to release its version of a plan today, with substantive differences from last week’s House of Representatives proposal all but certain. Traders will eagerly comb through the details, with the subsequent reaction reflecting the probability […]
Gold Pushes To Three-Week High
Gold prices rose $6.13 an ounce on Wednesday, hitting the highest level in three weeks, as concerns over U.S. tax reforms weighed on the dollar. XAU/USD extended its gains after the market saw an upside breakout from a sideways trading range, but it found heavy resistance just below the $1288 level. XAU/USD is currently trading […]
