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WTI Crude Oil And Natural Gas Forecast – Tuesday, April 17

WTI Crude Oil And Natural Gas Forecast – Tuesday, April 17

WTI Crude Oil The WTI Crude Oil market pulled back slightly during the trading session on Monday, losing 1.6% by the time the markets closed for the day. The uptrend line underneath should continue to be supportive, and I think that it’s not until we break down below that level that we can start selling. […]
Some First Principles Of A ‘Dollar Short’

Some First Principles Of A ‘Dollar Short’

On Friday I wrote: Again, the size of your reserves reflects, and is proportional to, your potential need for funding. You can’t accumulate that many unless you have a similarly arrayed “dollar short.” The bigger the stockpile the more potential for it to get out of hand if things go the wrong way (usually on the […]
How Libor’s Surge Will Help Pop The Global Bubble

How Libor’s Surge Will Help Pop The Global Bubble

Four years ago, I wrote a piece for Forbes called “This New Libor ‘Scandal’ Will Cause A Terrifying Financial Crisis,” in which I explained that the “real” Libor scandal wasn’t the Libor rigging scandal, but the fact that that Libor interest rates were simply too low for too long, which was helping to fuel dangerous economic bubbles around […]
Stocks Outlook – Tuesday, April 17

Stocks Outlook – Tuesday, April 17

Thoughts Retail Sales growth: this bull market in stocks still has 1-2 years left. U.S. could increase trade tensions with China. A short term bearish factor for the stock market. Stocks’ reaction to their earnings is not a medium-long term bearish factor for the stock market. Companies set to buyback $800 billion in stocks this […]
Gold Flat As Equities Recovery Offsets Geopolitical Worries

Gold Flat As Equities Recovery Offsets Geopolitical Worries

Gold prices rose slightly yesterday despite better risk appetite in the marketplace to start the trading week. U.S. stock indexes ended the day higher, buoyed by some strong corporate-profit reports. In economic news, the Commerce Department reported that retail sales jumped 0.6% last month. A separate report from the New York Federal Reserve Bank showed […]
GBP/USD Bullish Momentum Challenges Previous Resistance Top

GBP/USD Bullish Momentum Challenges Previous Resistance Top

GBP/USD 4 hour The GBP/USD uptrend keeps pushing for higher highs. Price has now arrived at the previous top on a daily chart which is a strong resistance level. A bullish breakout could see price make an extension towards the round level at 1.45 whereas a bearish retracement could test the support trend lines. 1 […]
USDCAD Daily Analysis – Tuesday, April 17

USDCAD Daily Analysis – Tuesday, April 17

USDCAD remains in the downtrend from 1.2943, the bounce from 1.2544 could be treated as consolidation for the downtrend. Support is at 1.2544, a breakdown below this level could trigger another downside movement towards 1.2450 area. Near-term resistance is at 1.2625, only a break of this level could bring the price back towards the falling […]
Crude Oil Prices Snap 5-Day Win Streak, Eye Inventory Data

Crude Oil Prices Snap 5-Day Win Streak, Eye Inventory Data

Crude oil prices turned sharply lower, snapping a five-day winning streak. The move seems to have reflected easing concerns about escalation in Syria after US President Trump signaled a weekend rocket attack meant to punish the government for using chemical weapons was a one-off. Trump also backed away from sanctions aimed at penalizing Russia for its support of […]
Trump Vs. Treasury

Trump Vs. Treasury

Mr. Trump tweeted yesterday: Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable! — Donald J. Trump (@realDonaldTrump) April 16, 2018 U.S. Treasury reported on Friday: Pursuant to the 2015 Act, Treasury finds that no major trading partner of the United States met all three criteria in the […]
Stocks For You To Trade: CAT, SONC, LPLA

Stocks For You To Trade: CAT, SONC, LPLA

Tuesday’s stock picks: Long Caterpillar (CAT) Long Sonic (SONC) Short LPL Financial (LPLA)