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Hard Brexit Would Be Catastrophic To UK Car Industry

Hard Brexit Would Be Catastrophic To UK Car Industry

On the day on which the PM is supposed to clarify her Brexit ambitions and call on the country to “come together”, a parliamentary committee report has highlighted the dangers of a “no deal” scenario could risk the future of UK car production. The May government has repeatedly ruled out continued membership of the single […]
EURUSD After The Italian Elections

EURUSD After The Italian Elections

EURUSD closed last week with a modest 0.20% gain at 1.2316. Despite the attempt to break below 1.21 last week, price recouped its losses and turned slightly positive, giving some hopes to EURUSD bulls for a bullish continuation this week….early Sunday trading saw price move towards 1.2360 only to push back below 1.23 in the […]
Will You Miss The Commodity Comeback?

Will You Miss The Commodity Comeback?

Do Commodities Have a Place in a Portfolio? This is an interesting question in today’s environment. Those of us who have read various finance textbooks that include sections on the benefits of things like “asset allocation” and “diversification” would, almost without thinking, say “yes.” But if we look at the reality of what market participants […]
Italian Election Weighs On Italian Assets, But Little Systemic Risk Seen

Italian Election Weighs On Italian Assets, But Little Systemic Risk Seen

The Italian election results look a bit more euro-skeptic, but the not far from what the polls showed. Coalitions matter under the new electoral rules, and the center-right coalition appears to have the most votes, followed by the 5-Star Movement, and then the center-left in third.  There were two surprises. First, the center-left did poorer, […]
Most Asset Classes Fell Last Week

Most Asset Classes Fell Last Week

Last week’s trading ended in the red for all but one of the major asset classes,based on a set of exchange-traded products. US inflation-linked Treasuries edged higher over the five trading days through Mar. 2 while losses weighed on everything else. The iShares TIPS Bond (TIP) ticked up 0.2% last week, an outlier gain vs. the […]
EURUSD: Euro Drops In Response To Italian Election Results

EURUSD: Euro Drops In Response To Italian Election Results

Previous: On Thursday the 1st of March, trading on the EURUSD currency pair once again closed up. The dollar remained under pressure from the introduction of steel and aluminium tariffs. The US’s trading partners have stated that they may in turn implement their own protective countermeasures. Trump responded with a tweet, saying “When a country (USA) […]
Sensex Plunges Further; Metal & Energy Stocks Decline

Sensex Plunges Further; Metal & Energy Stocks Decline

Indian share markets continued to trade on a weak note during the noon session amid weak Asian markets. Losses were largely seen in metal stocks, oil & gas stocks and auto stocks. The BSE Sensex is trading lower by 360 points and the NSE Nifty is trading down by 122 points. Meanwhile, the BSE Mid Cap index is trading down by 1.1% & the BSE Small Cap index […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 5

WTI Crude Oil And Natural Gas Forecast – Monday, March 5

WTI Crude Oil The WTI Crude Oil market initially fell on Friday, but just as we had seen on Thursday, buyers came in just above the $60 handle. While the market looks very negative at one point during the day, it obviously turned around as we close slightly higher. Ultimately, I think if we can […]
Inflation And Honest Data

Inflation And Honest Data

’80s Flashback In the course of inventing new tools you sometimes you find that the old tools weren’t so bad and might even have been better than your “improved” versions. My friend John Williams at ShadowStats fervently believes that the changes that the Labor Dept. made in the ’80s and ’90s seriously distorted the Consumer Price Index. […]
Another Bullish Breakout For Cocoa

Another Bullish Breakout For Cocoa

On Friday, The iPath Bloomberg Cocoa SubTR ETN (NIB) soared 3.0% to a 14-month high. It was a breakout the validated months and months of patience betting that in a market with strong demand, extremely low cocoa prices would create the conditions for higher prices in the future. While NIB has persistently rallied since the […]