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Archives by Year:
Gold’s 47-Year Bull Market
The following monthly chart shows that relative to a broad basket of commodities*, gold commenced a very long-term bull market (47 years and counting) in the early-1970s. It’s not a fluke that this bull market began at the same time as the final official US$-gold link was severed and the era of irredeemable free-floating fiat […]
German IFO Business Climate Beats With 117.5 – EUR/USD Extends Gains
The IFO business climate reaches a new high of 117.5, significantly better than 116.6 expected. The Business Expectations component hits 111 points, also beyond early predictions and only the Current Assessment number is somewhat short of predictions with 124.4. The upbeat data is in line with other figures. EUR/USD is extending its gains, reaching above […]
EU Concern Rising About Italian Debt
The EU Commission is deeply concerned that Italy is under pressure to spend frivolously because of the upcoming elections. The EU is applying more scrutiny for Italy’s huge sovereign debt. Because of the vast size of the Italian economy, the high level of total debt is a major cause for the Eurozone as a whole. The […]
Elliott Wave Analysis: Forex, Oil And BTC/USD
Good day traders! BTC/USD is trading higher, unfolding a clear bullish movement which indicates black wave V to be in progress. Specifically, we see price trading choppy and slow for the last few sessions, which also suggest the price to be making a corrective pullback within uptrend. We see a potential EW triangle correction unfolding […]
USD/CAD Daily Analysis – Friday, November 24
USD/CAD is now facing 1.2666 support. A breakdown below this level could signal resumption of the downtrend from 1.2916, then next target would be at 1.2600, followed by 1.2433. Near-term resistance is at 1.2790, only break above this level could trigger another rise towards 1.2916 previous high.
UK Inflation Rate Remains Flat As Employment Levels Fall
Last week’s economic data for the UK was a mixed bag. While inflation remained broadly flat compared to the previous month, wage data indicated worrying signs as employment numbers fell. This comes amid a SME survey result indicating that businesses were preparing to cut their overhead costs to keep up with the price increases. Brexit […]
What Can Stop This Party?
There’s a pretty strong argument to be made that once vol. spikes sustainably, the biggest risk to markets is what JPMorgan’s Marko Kolanovic is calling “quantitative exuberance.” That’s a little bit of an eye-roller. Apparently, everyone had the same idea for their year ahead previews. “Let’s do a riff on ‘irrational exuberance.’” Someone was first with “rational […]
China Deleveraging Hits Corporate Bonds As Cascade Effect Begins
Following the market lockdown during October’s Party Congress, many commentators were disturbed by the continued rise in Chinese government bond yields as we returned to “business as usual”, with the 10-year rising to 4%. At the beginning of this month, we discussed the sell-off (see “China: Shadow Bank Inflows Are Critical To Sustain The Ponzi…But They’re Falling”) and […]
ETH/USD Break Higher Confirmed – Can It Challenge The Peak?
We talked about how the price of Etherium was confined to a narrowing triangle and then how the break to higher ground was yet to be confirmed amid a double-top. Now, the break above uptrend resistance is confirmed, with the price of the crypto-coin leaving the old line behind. However, $410 is still a line of struggle. At […]
Sensex Trades In Green; IT Stocks Top Gainers
After opening the day marginally higher, share markets in India continued the momentum and are presently trading in green. Sectoral indices are trading on a mixed note, with stocks in the IT sector and stocks in the energy sector witnessing maximum buying interest. While stocks in the metals sector are leading the losses. The BSE Sensex is trading up by 95 points (up 0.3%) and […]
