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EUR/USD Forecast: Sunday, September 2

EUR/USD Forecast: Sunday, September 2

The Euro has rallied again for the last week of August, showing signs of strength. The 1.18 level above now is essentially everything when it comes to this market. If we can continue to see bullish pressure, it’s likely that we will finally clear that level. Once we do, I think that opens the door […]
Top And Flop ETFs Of August

Top And Flop ETFs Of August

Contrary to its ill-repute, August was reasonably pleasant for Wall Street with key indexes like SPDR S&P 500 ETF SPY, SPDR Dow Jones Industrial Average ETF DIA and Invesco QQQ Trust QQQ adding about 3.2%, 2.5% and 5% (as of Aug 30, 2018). While some segments of the broader market went through the roof, some were hit hard. We thus highlight a few […]
USDJPY Weekly Analysis – Sunday, September 2

USDJPY Weekly Analysis – Sunday, September 2

USDJPY moved sideways in a trading range between 109.77 and 112.15. The sideways movement is likely consolidation for the downtrend from 113.17. A further decline would likely be seen after the consolidation and a breakdown below 109.77 support could trigger further downside movement towards 108.00. Key resistance is at 112.15, only a break of this […]
Investment Risks Rise As US Mid-Term Elections Near

Investment Risks Rise As US Mid-Term Elections Near

    This is the Labor Day weekend in the USA – the traditional start of the mid-term election campaign.  And just as in September 2016, the Real Clear Politics poll shows that most voters feel their country is going in the wrong direction.  The demographic influences that I highlighted then are also becoming ever-more important with time: […]
Expert Sees Gold Prices Passing $10,000 If Investors Panic

Expert Sees Gold Prices Passing $10,000 If Investors Panic

Gold prices have been under pressure lately but still showing signs of life as they brush off the latest economic data. Investors are betting against the yellow metal en masse, but time may be running out for the shorts, depending on how quickly things change. Daniel Oliver of Myrmikan Research, who writes extensively about credit bubbles and […]
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                        Market Briefing For Tuesday, Sept. 4

E Market Briefing For Tuesday, Sept. 4

Testy trade poker  is now bending a bit to suggest Europe as honorable contrasted to the U.S. only because of President Trump’s rather heavy response to the EU’s proposal for ‘tariff elimination’ on all automobiles as well as industrial products. His redaction of cooperation is the antithesis of his own proposal for 100% tariff elimination. […]
Just How Much Does America’s 1% Have In Savings?

Just How Much Does America’s 1% Have In Savings?

According to a new analysis of Federal Reserve and FDIC data by Magnify Money, the median American household has around $11,700 in savings between bank accounts and retirement savings – meaning 50% of Americans have less than $11,700 in savings, and 50% have more. The average American household, however, has saved $175,510 – a vastly different figure.   This data is largely meaningless from 10,000 feet. The […]
Weekly Fundamental Forecast: Trade Wars And Emerging Market Pressures To Mix With Rate Decisions And Liquidity Next Week

Weekly Fundamental Forecast: Trade Wars And Emerging Market Pressures To Mix With Rate Decisions And Liquidity Next Week

The summer lull has come to a close, but no serious fundamental themes have been resolved during the volatility hiatus. Now, with an expected seasonal pick up in market participation; the markets will have to keep tabs on pressing themes like Trade wars while high profile event risk (such as NFPs) crosses the wires. US […]
The Truth About U.S. & Canadian Dairy Farmers

The Truth About U.S. & Canadian Dairy Farmers

Further to my articles here, here and here regarding trade and NAFTA, I came across this interesting Toronto Star article, which describes the truth about the oversupply of milk production in the United States.     Source: The Toronto Star Canada already controls its Canadian milk production to ensure that its producers can sustain a living, while adequately satisfying its domestic demand. It’s no fault of Canada that the U.S. has […]
Silver’s Crash Is Very Rare – Historically Long Term Bearish For Gold And Silver

Silver’s Crash Is Very Rare – Historically Long Term Bearish For Gold And Silver

Gold and silver have been absolutely hammered recently. Gold is now down 5 months in a row. Fortunately for gold bulls, gold recently made a strong reversal that usually causes gold to sustain a short term bounce. However, silver is still exceptionally weak, having fallen 11 out of the past 12 weeks. There are only 2 historical cases […]