Archives by Month:

Archives by Year:

Dollar Will Be Key To Gold Sesame

Dollar Will Be Key To Gold Sesame

Gold may be considered to be a bet against the U.S. dollar. The depreciation of the greenback supported the yellow metal in 2017. The price of gold managed to rise last year in rather unpleasant macroeconomic environment mainly thanks to the weakness of the U.S. dollar. Now, the key question is whether the bearish trend in the greenback will continue […]
12 Record Closing Highs And Counting

12 Record Closing Highs And Counting

So far in 2018, every trading day where the S&P 500 has finished the day higher has been a record all-time closing high. Just to show how little downside pressure there has been, in the three days where the S&P 500 did trade lower this year, the cumulative decline was just 17 points! That’s five […]
GBP/USD Bullish Momentum Persists Ahead Of U.K. GDP Report

GBP/USD Bullish Momentum Persists Ahead Of U.K. GDP Report

  GBP/USD extends the advance from earlier this month as fresh data prints coming out of the U.K. economy highlight an improved outlook for growth and inflation, and recent price action keeps the near-term outlook tilted to the topside especially as the Relative Strength Index (RSI) pushes deeper into overbought territory. The British Pound remains bid as […]
US Stock Market Rally Just As Strong “Under The Hood” As It Is On The Surface

US Stock Market Rally Just As Strong “Under The Hood” As It Is On The Surface

Shocking revelation: US stocks are in an uptrend! Far from being “breaking news”, the consistently strong performance of the major US (and international) equity indices is taken for granted by everyone from the richest hedge fund manager to my retired grandmother. When everything is going swimmingly on the surface, one way to gain an edge […]
Existing-Home Sales Fade In December, But 2017 Saw Substantial Gains

Existing-Home Sales Fade In December, But 2017 Saw Substantial Gains

This morning’s release of the December Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.57 million units. The Investing.com consensus was for 5.72 million. The latest number represents a 3.6% decrease from the previous month and a 1.1% increase year-over-year. Here is an excerpt from today’s report from the National Association […]
Short-Term Trading Outlook For Bitcoin

Short-Term Trading Outlook For Bitcoin

This first chart on Bitcoin (BTC/USD) below is a 4-hour showing a wider view of recent price activity. Highlights for above 4-hour chart: Potential double bottom trend reversal pattern forms around the 61.8% Fibonacci retracement of the uptrend starting from the September swing low. Breakout above approx. 13,052.12 swing high to trigger double bottom breakout […]
WTI Tops $65 For First Time Since Dec 2014 After Crude Draw, Production Record

WTI Tops $65 For First Time Since Dec 2014 After Crude Draw, Production Record

After API reported a surprise crude build overnight, all eyes are on the DOE data this morning which showed a smaller than expected crude draw (-1.07mm vs 2.32mm exp) but still a draw (for the 10th week in a row) compared to API’s build. As Bloomberg’s Julian Lee notes, cold weather and a growing list of refineries undergoing maintenance probably cut […]
USD/CHF Under Long-Term Support

USD/CHF Under Long-Term Support

Earlier today, the greenback declined to the lowest level against the Swiss franc since mid-September 2017, which resulted in a small drop under the long-term support line. Is this a sign of bigger move to the downside or just a trap? EUR/USD The first thing that catches the eye on the daily chart is a […]
Currencies & Gold

Currencies & Gold

Why wouldn’t the bankers exit after gold exceeds the more recent high that we are approaching now? To run a very dangerous manipulation yesterday as the currencies were flagging the banks are expecting a big move. They aren’t day traders. They position for big trending moves. Before this intermediate cycle tops the miners could test […]
General Dynamics (GD) Tops Q4 Earnings Estimates, Backlog Up

General Dynamics (GD) Tops Q4 Earnings Estimates, Backlog Up

Falls Church, VA based General Dynamics Corporation (GD – Free Report) is one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft. General Dynamics boasts a strong position in the U.S. defense space as well as overseas. The recent budgetary amendments in the United States have been […]