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China’s State Owned Media Proclaims Petroyuan Will “Shake People’s Confidence In The US Dollar”

China’s State Owned Media Proclaims Petroyuan Will “Shake People’s Confidence In The US Dollar”

Just days after initiating its ‘petroyuan’ futures contract, and hours after an unprecedented announcement that China will pay for oil in yuan, The Global Times, the unofficial mouthpiece of the Chinese government, printed a remarkable story from ‘one of its editors’ highlighting the ‘petroyuan’ and its potential to topple the US Dollar as global reserve currency. The Shanghai debut […]
Orange Juice Analysis

Orange Juice Analysis

Latest Price – $139.20. Daily Chart Pattern – price looks to be generally in an uptrend with a secondary low in place with a recent test of that higher low turning price back up. Fibonacci – the higher low was just above the 88.6% retracement level which is normal for the first correction in a […]
Indian Indices Trade Marginally Lower; IT Stocks Witness Losses

Indian Indices Trade Marginally Lower; IT Stocks Witness Losses

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and IT sector witnessing maximum selling pressure. The BSE Sensex is trading down by 66 points (down 0.2%), while the NSE Nifty is trading down by 25 points (down 0.3%). The BSE Mid Cap index is trading up by 0.2%, while the BSE […]
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                        Canada’s Government Rejects Balanced Budgets, Its Fiscal Position Remains Solid

E Canada’s Government Rejects Balanced Budgets, Its Fiscal Position Remains Solid

The Canadian government brought down its latest budget on Feb. 28th. As has become the custom, there were very few surprises in the budget statement since the government widely indicated in advance its main spending priorities. Last year’s 3% growth in the economy provided the government with an unexpected boost to revenues in FY 18/19. […]
Dow[n] Behind Enemy Lines

Dow[n] Behind Enemy Lines

The negative sentiment in tech stocks right now won’t necessarily keep traders from beating each other with a stick to try and get their hands on the newly listed Spotify shares as soon as they open. At this point, investors are really looking for something fresh and even though the company is losing money, they […]
GM Halts Monthly Car Sales Reports (Except To The Fed)

GM Halts Monthly Car Sales Reports (Except To The Fed)

Monthly car sales come out tomorrow. After tomorrow, GM will only report quarterly, except to the Fed. GM claims monthly sales reports are inaccurate, so it will switch to quarterly reports. General Motors Co. said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and […]
EUR/USD And GBP/USD Forecast – Tuesday, April 3

EUR/USD And GBP/USD Forecast – Tuesday, April 3

EUR/USD The EUR/USD pair tried to rally initially during the trading session on Monday, but rolled over at the 1.2350 level, and the 50 EMA. The market continues to have support underneath though, especially near the uptrend line. If we were to break down below the uptrend line, the next major support level is closer […]
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                        GBP/AUD Can Be Unfolding Final Stages Of A Bigger Correction

E GBP/AUD Can Be Unfolding Final Stages Of A Bigger Correction

Good day traders. Today’s focus is on GBPAUD and its mid-term price development. Let’s dig in. GBP/AUD can be trading in a complex, corrective rise since 2016 when a higher degree wave A unfolded its five sub-waves and found its low. As such we now view this corrective rally that followed as a higher degree […]
Market Meltdown Continues: Gold & Silver Prices Begin To Disconnect

Market Meltdown Continues: Gold & Silver Prices Begin To Disconnect

As the BLOOD continues to run on Wall Street, gold and silver were the few assets trading in the green yesterday. As I have mentioned in past articles and interviews, investors need to get used to this sort of trading activity. Even though the Dow Jones Index ended off its lows of the day, it […]
Does The Fed Cause Inequality?

Does The Fed Cause Inequality?

Note: Our goal is to follow the facts, wherever they may lead. If your argument is better, let us know and we will adjust our framework. While sometimes events appear to be white or black, often the truth is in the middle, a muddied up gray, therefore rarely are their simple conclusions, or straightforward rationalizations, […]