Archives by Month:
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
Bear Bath
The collapse in oil prices has turned into a total bear bath. The market ignores the bullish fundamentals and only focuses on bearish things that are yet to come. The selling mania is going into its tenth day and is getting to be among the biggest consecutive down day slides since the 1980’s as the […]
EURJPY Immediate Risk Remains Lower Towards 128.60 Region
EURJPY immediate risk remains lower towards its key support located at 128.60 zone. Further down, support comes in at the 128.00 level where a break if seen will aim at the 127.50 level. A cut through here will turn focus to the 127.00 level and possibly lower towards the 126.50 level. On the upside, resistance […]
Big Producer Price Increase In October – If A Trend – Is A Problem
In a light data week, this morning’s report on producer prices is certainly worth mentioning. As you may have read elsewhere, headline producer prices rose +0.6% in October, the highest reading in 6 years. The below graph compares that (blue) with commodity prices (red): As you can see, commodity price increases were within the normal […]
Crude Oil Suggesting Interest Rates Could Be Peaking, Says Joe Friday
Joe Friday suggested that Crude Oil could be peaking in the chart above first shared on 5/25/18, as Crude was testing its 50% retracement level at (2). Weakness in Crude of late has it down near 20% from recent highs. Crude is one of the most important commodities on the planet and big moves in it […]
Global GDP Still Propped Up By A Massive Amount Of Debt
While the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. Or should I say, the “supposed growth.” The days of adding one dollar of debt to get one dollar of GDP growth have been long gone for more than 40 […]
Record Streak In Oil
Equity futures and commodities were weak heading into the 8:30 PPI report and picked up steam to the downside after a much stronger than expected PPI report for the month of October (0.6% vs 0.2%). In fact, it was the strongest report relative to expectations since the initial release of the January 2017 report last February. […]
Bitcoin Took One Step Forward, Will It Shoot Higher?
The BTC/USD woke up from its slumber and made an initial move to the upside. While it later retreated, the price holds above downtrend resistance. Cryptocurrencies suffered several weeks of deep sleep, with Bitcoin being the king of comfort. However, the week of the US Mid-Term Elections saw markets waking up. The BTC/USD rose above […]
E Markets: Grinding
There is a skate park feel to trading as the painful retreat of equities and oil feels like a trick gone bad. The oil fail today has many reasons – the FOMC hawkish tone, the Saudi OPEC doubts, China confidence crumbling (Auto sales of 12% in Oct), US politics, Italian banks, Brexit deal doubts. What […]
The Fed Just Told Stocks “You’re On Your Own”
As I keep warning, the Fed is going to hike rates until something breaks. And by “something,” I don’t meant a garden variety correction in the markets; the Fed has made it EXPLICIT that it would only consider slowing the pace of rate hikes if the markets entered a meltdown so massive that it actually impacted consumer […]
One Direction More Likely For Bitcoin
The recent period of sideways trading may make traders impatient or even discouraged altogether. At any rate, those who crave more action in Bitcoin could be driven out of the market. But this is no time to bet on Bitcoin staying docile. If the recent months haven’t exactly been rosy for Bitcoin traders, there are […]
