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China/Asia Economic Implosion On The Horizon?

China/Asia Economic Implosion On The Horizon?

Recent news of the US enacting $60 billion in economic tariffs on China as well as reactionary tactics from China have everyone spooked. The US stock markets and global markets tanked last week as this news hit the wires. We have been warning of a massive upside move in precious metals as well as global […]
A Technical Look At The S&P 500 And Key Moving Averages

A Technical Look At The S&P 500 And Key Moving Averages

Everyone is going to be keying in on a certain trend line on Monday morning and how the market reacts around it. It doesn’t matter what type of investor you are – fundamental, technical, strategic, passive, active, whatever… When push comes to shove, everyone wants to know if the 200-day simple moving average will hold […]
USD/JPY At All Time Low

USD/JPY At All Time Low

US to impose 50 billion worth of tariffs on China may cause investors to bail out of greenback, short USD/JPY? Fed Chairman Jerome Powell raised rates last week and cited a stronger outlook for the economy. However, he was cautious to not send signals about the path of policy. FOMC repeatedly mentioned they anticipate “further […]
All Hail The New Fed Triumvirate: Powell, Williams, Clarida

All Hail The New Fed Triumvirate: Powell, Williams, Clarida

Former Fed Chairman Ben Bernanke said only three opinions matter: The Chairman, Vice-Chairman, and the NY Fed President. On March 1, the Wall Street Journal reported the White House Preparing to Nominate Richard Clarida as Fed’s No. 2 Official. Today we learn, San Francisco Fed’s John Williams Is Front Runner to Serve as New York Fed President. […]
Trade Tensions Trouble Markets

Trade Tensions Trouble Markets

Asian shares were broadly lower on Monday, succumbing to another day of selloffs as traders continued to worry about the possibility of a trade war between the United States and China. The pressure was renewed after U.S. President Donald Trump proposed a tariff on Chinese goods that would be in addition to the import taxes […]
Complacency Reigns Supreme

Complacency Reigns Supreme

This market is now communicating that it is at high risk. For two months now, I have been advocating a strategic retreat. Head for the sidelines and watch the action with an unemotional detachment. The market is now sounding the alarm and one should be on high alert for a downside acceleration. Plunger’s Bullet Points  […]
AUDUSD Weekly Analysis – Monday, March 26

AUDUSD Weekly Analysis – Monday, March 26

AUD/USD remains in the downtrend from 0.7916, the bounce from 0.7672 is likely correction for the downtrend. A breakdown below 0.7672 support could trigger another fall towards 0.7600. Resistance is at 0.7785, only a breakout of this level would suggest that the downtrend had completed at 0.7672 already, then further rise to 0.7850 area could […]
MSCI World Index At Critical Support Level

MSCI World Index At Critical Support Level

I last wrote about the MSCI World Index in my post of February 10 as one of the volatility gauges to monitor for clues in equity direction. At that time, its price was 2050.90 and I mentioned that 2032.74 was a critical major support level to watch. Since then, it has dropped further and closed just above that level on Friday, […]
Indian Indices Trade Marginally Lower; Oil & Gas Sector Down 1.6%

Indian Indices Trade Marginally Lower; Oil & Gas Sector Down 1.6%

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a negative note with stocks in the oil & gas sector and IT sector witnessing maximum selling pressure. The BSE Sensex is trading flat, while the NSE Nifty is trading down by 16 points (down 0.2%). The BSE Mid Cap index is trading down by 0.3%, while the BSE Small Cap index is trading […]
Gold Cycle Anomaly & USD Cycles

Gold Cycle Anomaly & USD Cycles

Gold update: While I don’t care much for Cycle anomalies (i.e. short of long cycle), I am not going to fight them. Therefore, I am very bullish on Gold given the short ICL that has been left behind but the yellow metal has disappointed before so we still need to be cautious until the next resistance […]