Archives by Month:
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
Financial Cavalry: Banque De France Owns Nearly 20% Of Public Debt
For a long time (from the ‘90s to the mid-2010s) two-thirds of France’s public debt was held by “non-residents” – i.e. foreign investors – which represented a risk in case of mistrust (possibility of massive sales or crises). But things are starting to change: In 2014, 63.9% of the public debt ¹ was held by those […]
Iron Ore Prices Top Out And Help Test Support For RIO And BHP
At the beginning of February, I refreshed my idea to play a top in iron ore with a pairs trade going long Rio Tinto (RIO) and short BHP Billiton (BHP). The timing was fortuitous given it was right before a large sell-off in the stock market. I ended up profitably fading rallies in BHP two more times. […]
Sensex Trades In The Red; Metals Sector Leads Losses
After opening the day in the red, share markets in India have continued the downtrend and are presently trading below the dotted line. Sectoral indices are trading mixed with stocks in the metals sector and stocks in the realty sector trading in red. While stocks in the IT sector are trading in green. The BSE Sensex is down by 450 points (down 1.4%) and the NSE […]
4 Reasons Why USD/JPY Fell Below 105
The USD/JPY fell below the closely-watched ¥105.00 level and trades at the lowest since November 2016. Worries about trade dominate, but they are not alone in pushing the pair lower. The technical picture is bearish but the pair may be stretched. Four reasons for the collapse of the USD/JPY 1) US-Chinese trade issues: The Trump Administration […]
WTI Bullish Zig-Zag Is Progressive
Source: Admiral Markets MT5 with MT5SE Add-on The WTI is still in a strong uptrend. The price behaved exactly as planned as you could have read in my previous WTI analysis. Today it’s Friday and we might see some profit taking. Pay attention to a blue trend line break for a retracement down to POC. The POC 65.85-90 could […]
EURUSD: Wide-Ranged Flat On The Hourly Timeframe
Previous: On Thursday the 22nd of March, trading on the euro closed down. The rate dropped to 1.2285 during the European session. The single currency was pushed down by a multitude of factors, including a drop in German bond yields, the EURGBP cross, and weak German and Eurozone data. From its session low of 1.2285, the […]
Gold And Crude Oil Prices Buoyed By McMaster, Bolton Switch
Crude oil prices fell following Wednesday’s Fed-linked rally after the Trump administration slapped China with punitive tariffs, triggering broad-based risk aversion (as expected).The S&P 500 stock index – a benchmark for broad-based market sentiment – suffered the largest drop in nearly two months. Gold prices also retreated as the dour mood stoked haven demand for the US Dollar, undermining anti-fiat alternatives. The move lower […]
USD/JPY Breaks Key Support And Develops Bearish Wave 3
USD/JPY 4 hour The USD/JPY broke below the support line (dotted blue), which invalidated the previous wave count and indicates a potential downtrend. Price seems to have built an ABC (green) in a larger wave 4 (blue) and could be in an impulsive breakout. 1 hour The USD/JPY could be building a wave 3 (green) […]
Stocks For The Long Run But Not The Short
The first part of the title of this Macro Letter is borrowed from an excellent book originally written in 1994. Among several observations made by the author, Jeremy Siegel, was the idea that stocks would at least keep pace with GDP growth or even exceed it at the national level. The data, which went back […]
