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All Eyes On The BOJ: From Down-Cycle Risks To Stimulus Action?

All Eyes On The BOJ: From Down-Cycle Risks To Stimulus Action?

The Bank of Japan (BOJ) will hold its first policy board meeting with the newly appointed board members on April 26 and 27. In our view, there is a growing probability of the “dovish” faction gaining momentum, with at least two (and possibly three) of the nine board members voting for added monetary stimulus. The reason for […]
EUR/USD Breaks Support Line Via Wave ABC Pattern

EUR/USD Breaks Support Line Via Wave ABC Pattern

EUR/USD 4 hour The EUR/USD made a bearish retracement as expected in yesterday’s analysis named “EUR/USD Prepares for ABC Zigzag in Bearish Wave 2”. A bullish breakout above resistance (red) could start the wave 5 (pink) whereas a break below support makes a downtrend more likely. 1 hour The EUR/USD is indeed building a bearish […]
Are We In Late Cycle? Implications For Gold

Are We In Late Cycle? Implications For Gold

In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn’t lead me to drop off, disrupting my sleep cycles. Let’s then dig into the topic. We start with the business cycles, as in the recent Gold News Monitor we wrote […]
King Dollar Rally Here, Suggests Crude & Copper Peaking, Says Joe Friday

King Dollar Rally Here, Suggests Crude & Copper Peaking, Says Joe Friday

King Dollar weakness over the past 18-months has been of benefit to several commodities. Are the good times for commodities about to end due to a U.S. Dollar rally? Are inflation concerns peaking as the Dollar is testing support? Possible! Below looks at King Dollar over the past 25-years The U.S. Dollar has spent the […]
5 Questions For James Rosseau On Legal Shield’s Economic Indexes

5 Questions For James Rosseau On Legal Shield’s Economic Indexes

Interest in alternative data sets has exploded in recent years as investors scour the world for relatively obscure numbers that may offer insights overlooked in standard economic releases. Some of these figures are genuinely useful for developing an edge in trading and portfolio design, but there’s plenty of junk, too. Accordingly, caveat emptor applies when […]
Stop Looking At The Price

Stop Looking At The Price

There’s a new hashtag trending on Twitter that I feel is very relevant for myself and all of you as well. Most of us are already familiar with the tag HODL, it was a misspelling of the word hold on a Bitcoin Forum Post and eventually evolved into a battle cry for crypto-investors. Behind this […]
Gold Prices Drop As Dollar Strengthens – Friday, March 9

Gold Prices Drop As Dollar Strengthens – Friday, March 9

Gold prices fell for a second straight session and settled at $1321.76 an ounce with investors cautious ahead of the Labor Department’s monthly non-farm payrolls report. The greenback rallied following the European Central Bank’s policy update. World stock markets were mostly higher yesterday. XAU/USD is currently trading at $1318.03, lower than the opening price of […]
Indian Indices Trade Marginally Higher; IT Stocks Witness Buying Interest – Friday, March 9

Indian Indices Trade Marginally Higher; IT Stocks Witness Buying Interest – Friday, March 9

Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the IT sector and telecom sector witnessing maximum buying interest. Metal stocks are trading in the red. The BSE Sensex is trading up 40 points (up 0.1%) and the NSE Nifty is trading up 16 points (up 0.2%). The BSE Mid Cap index is trading down by 0.1%, […]
Housing Liquidity Crisis Coming: Debt Deflation Follows

Housing Liquidity Crisis Coming: Debt Deflation Follows

A liquidity crisis in housing is on the way. Non-banks are at the center of the storm. The Brookings Institute says a Liquidity Crises in the Mortgage Market is on the way. This is in guest post format. What follows are key snips from a 68-page Brookings PDF. This article isn’t very long. My comments follow. Abstract […]
Copper At Risk Of Further Weaknesses

Copper At Risk Of Further Weaknesses

Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak ($3.272), risking for further downside. Current short term Elliott Wave view in Copper suggests that the rally to $3.272 on 2/16 ended Primary wave ((X)). The decline from there is unfolding as a double three Elliott Wave structure where […]