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USD/JPY: November High On Radar As Bullish Momentum Gathers Pace

USD/JPY: November High On Radar As Bullish Momentum Gathers Pace

JAPANESE YEN TALKING POINTS The recent series of higher highs & lows keeps the near-term outlook for USD/JPY tilted to the topside, with the exchange rate at risk of making a run at the November 2017-high (114.74) especially as the bullish momentum appears to be gathering pace. USD/JPY: NOVEMBER HIGH ON RADAR AS BULLISH MOMENTUM […]
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                        Volatility Remains Dormant Heading Into The 4th Quarter Of 2018

E Volatility Remains Dormant Heading Into The 4th Quarter Of 2018

Coming out of a surprisingly strong 3rd Quarter for equities, many fund managers are in “catch-up” mode. The hope is that the 3rd Quarter’s outperformance will be dialed back a little bit and before the height of earnings season commences. As I’ve been offering all year long to Finom Group (for whom I am employed) […]
Permanent Gold Backwardation

Permanent Gold Backwardation

Sometimes, one just needs to look in the right place. And often in those cases, it just takes a conversation to alert one where to look. We had a call with a Swiss company this week, to discuss gold financing for their business. They reminded us that there is a negative interest rate on Swiss […]
ISM Prices Paid Plummets As Managers Warn “Market Is In A State Of Chaos”

ISM Prices Paid Plummets As Managers Warn “Market Is In A State Of Chaos”

Following slight disappointment in Europe, and a collapse in Canada, Markit’s US Manufacturing PMI printed, as expected at 55.6 (highest since May) even as Services collapsed. ISM’s Manufacturing survey – which soared in August – was expected to drop, and did but more than expected (59.8 vs 60.0 from 61.3 in August) Markit Manufacturing PMI rose from […]
GBPJPY Aims At Key Resistance At 149.71 On Bull Pressure

GBPJPY Aims At Key Resistance At 149.71 On Bull Pressure

GBPJPY aims at key resistance located at 149.71 level. This is coming on the back of its intraday strength during Monday trading session today. On the downside, support comes in at the 148.50 level where a violation will aim at the 148.00 level. A break below here will target the 147.50 level followed by the […]
Bullish October

Bullish October

My Swing Trading Approach Strong momentum right out of the gate today and the potential this week for a move back to all-time highs, will have me looking for 1-2 new long setups today.   Indicators Volatility Index (VIX) – Gave up its gains on the day in the final hour of trading. Looking at a break […]
Sugar – Sour Times About To End After 50% Decline?

Sugar – Sour Times About To End After 50% Decline?

Sugar has experienced some sour times over the past couple of years, as it has declined nearly 50%. Could these declines be creating a “sweet opportunity?” Possible! Sugar has spent the majority of the past 30-Years inside of rising channel (1). The 50% decline over the past 24-months has it testing the bottom of this long-term rising […]
Stronger Drug Patents In New NAFTA To Cost U.S. Manufacturing Workers Jobs

Stronger Drug Patents In New NAFTA To Cost U.S. Manufacturing Workers Jobs

The new trade agreement with Canada that the Trump administration announced yesterday has rules on drugs patents and related protections which are likely to cost the jobs of U.S. manufacturing workers. The deal includes a number of provisions that are explicitly designed to raise drug prices in Canada. These provisions include a requirement of a period of […]
The Silver Exclamation Mark

The Silver Exclamation Mark

Rallying mining stocks? Forget about them. Silver is the new cool kid in the neighborhood. Having rallied by almost 50 cents in just one day, silver stole the spotlight and seems to be ready to move much higher… Or much lower. Does anyone still fall for silver’s fake rallies? Based on the size of the […]
Analysts Still Hate The Semis

Analysts Still Hate The Semis

Q4 is looking to pick up right where Q3 left off with futures indicating a strong start to the week, month, and final quarter of 2018. Obviously, the big catalyst this morning is the announced trade deal the US has reached with Canada to join the US-Mexico trade agreement. Another area where Q4 is picking […]