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Can You Solve The Triffen Dilemma?

Can You Solve The Triffen Dilemma?

When the US Dollar was pegged to $35 an ounce under a system called Breton Woods, a young economist named Robert Triffen predicted that the peg wouldn’t hold. In 1971 he was proven right and the system collapsed. Even though gold is now trading at around $1,200 an ounce, the Triffen Dilemma still holds true. The […]
Trump’s Trade War Isn’t Hurting Manufacturing… Yet

Trump’s Trade War Isn’t Hurting Manufacturing… Yet

The Trump Administration’s trade war hasn’t hurt manufacturing and production yet. At least that’s the message from this week’s ISM report on manufacturing. According to the ISM: The September PMI®registered 59.8 percent, a decrease of 1.5 percentage points from the August reading of 61.3 percent. The New Orders Index registered 61.8 percent, a decrease of […]
Morning Call For Wednesday, Oct. 3

Morning Call For Wednesday, Oct. 3

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.32%) this morning are up +0.23% and European stocks are up +0.43% on a rally in Italian assets. Italian stocks and government bonds rose on signs the government may reign in budget deficits after the Corriere della Sera newspaper reported that the Italian government will seek to contain […]
Sensex Slumps 550 Points; Auto, IT Stocks Lose Most

Sensex Slumps 550 Points; Auto, IT Stocks Lose Most

After opening the day in the red, share markets in India witnessed volatile trading activity throughout the day and ended the day deep in negative territory. Sectoral indices ended the day in red, with stocks in the IT sector and stocks in the auto sector losing the most. At the closing bell, the BSE Sensex stood lower by 551 points (down 1.5%) and […]
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                        Markets: Bending

E Markets: Bending

The act of bending a bit can lead to greatness, trees can grow to the sky, but too much will break you. As the proverb suggests, nothing straight ever grows out of the crooked timber of humanity. Overnight, moods swung positive but Asia remains mired in China/US trade and growth fears while Europe bounces as […]
BTC/USD Forex Signal – Wednesday, Oct. 3

BTC/USD Forex Signal – Wednesday, Oct. 3

Yesterday’s signals were not triggered, as there was no bullish price action at $6,446. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm Tokyo time, within the next 24-hour period. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of $6,353 […]
EURUSD: The Pair Has Gained A Foothold Above The Balance Line

EURUSD: The Pair Has Gained A Foothold Above The Balance Line

Previous: On Tuesday the 2nd of October, trading on the EURUSD pair closed down. In the US session, buyers recovered a big portion of the losses they incurred during trading in Europe. The euro is under pressure from the situation in Italy, where the government has approved a budget deficit of 2.4% for 2019. Italian Deputy […]
Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report

Oil Slides After Russia, Saudi Arabia Agree To Boost Output: Report

Update: Saudi Arabian Energy Minister Khalid al-Falih has once again articulated concerns about a potentially oversupplied global oil market (concerns that are, of course, directed at the US shale industry), echoing comments he made last month about the dangers of a “potentially oversupplied” market. He also hinted that the recent runup in oil prices is more […]
Wait And See Before Buying Or Selling USD/CAD Pair After The USMCA Deal

Wait And See Before Buying Or Selling USD/CAD Pair After The USMCA Deal

In the past few weeks, the USD/CAD pair has been very volatile because of the ongoing trade negotiations. As you recall, a few weeks ago, the United States made a deal with Mexico. The deal was very surprising because of the tensions between the US president and Mexico. The president has blamed Mexico for stealing […]
Gold Rallied 200 Pips On Safe-Haven Demand

Gold Rallied 200 Pips On Safe-Haven Demand

Funds flow into precious metals due to fear of Italian crisis, Long Gold?  Gold rallied over 1% yesterday, buoyed by safe-haven demand as Italy’s budget plan sets it on course for a potential clash with the European Union. Precious metals such as gold and silver experienced a boost as fund managers scrambled to rebalance their […]