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                        EUR/USD Can Be In A Correction

E EUR/USD Can Be In A Correction

EURUSD is currently recovering, however, this intra-day rally seems and looks corrective, which means it can be part of a three-wave pullback labelled as wave ii). If that is the case, then we may see a final turn lower around 1.2400 region for sub-wave c, before a bigger bullish continuation comes into play. However, if […]
Nasdaq’s Not-Meaningful Drop

Nasdaq’s Not-Meaningful Drop

At first glance, it would seem the swift swoon on the Nasdaq was kind of a big deal, since it’s been such an unstoppable monster lately. But in the grand scheme of things, it’s nothing. Unless we break 7000, the bulls are large and in charge. Of far more concern to me is bonds. If this base completes […]
GBP/USD Breaks Out Amid Waning Bets For Four Fed Rate-Hikes In 2018

GBP/USD Breaks Out Amid Waning Bets For Four Fed Rate-Hikes In 2018

GBP/USD EXTENDS BULLISH SEQUENCE FOLLOWING LACKLUSTER UPDATES TO U.S. CONSUMER PRICE INDEX (CPI) GBP/USD extends the recent series of higher highs & lows as fresh data prints coming out of the U.S. economy dampen bets for four Fed rate-hikes in 2018, and the pair may continue to retrace the decline from earlier this year as […]
World Markets Update – Tuesday, March 13

World Markets Update – Tuesday, March 13

Four of eight indexes on our world watch list have posted gains through Monday, March 12, 2018. The top performer this year is Hong Kong’s Hang Seng with a gain of 5.60%. In second is our own S&P 500 with a gain of 4.09%. Shanghai’s SSE Composite is in third with a minor gain of […]
Consumer Prices Accelerate As Apparel, Car Insurance Costs Jump

Consumer Prices Accelerate As Apparel, Car Insurance Costs Jump

January’s Core CPI spiked rates over 12bps but since then they have fallen back to almost unchanged and rallied into today’s February print, suggesting a miss. However, February CPI printed higher than January, rising 2.2% YoY as expected. However, Core CPI slowed from January to 1.8% (es expected). Drops in new and used vehicles, food, […]
February 2018 CPI: Year-Over-Year Inflation Rate 2.2%

February 2018 CPI: Year-Over-Year Inflation Rate 2.2%

According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 2.2 % – up 0.1 % from last month. The year-over-year core inflation (excludes energy and food) rate was unchanged at 1.8 %, and is below the target set by the Federal Reserve. Analyst Opinion of the Consumer Price Index Shelter, apparel, and motor […]
Madrigal Pharmaceuticals: What Is Going On?

Madrigal Pharmaceuticals: What Is Going On?

Madrigal Pharmaceuticals (MDGL) had an incredibly very productive 2017, what is more, 2018 looks to be equally transforming. The stock has reacted in kind, moving from the mid-teens to $150 in a few months. However, it looks like the Street is using any, and we mean ANY excuse it can to sell the stock. At the […]
Trump Wants A Global Trade War, Instead, He’ll Get Economic Collapse

Trump Wants A Global Trade War, Instead, He’ll Get Economic Collapse

Alex Wong/Staff/Getty Images If This Is What “America First” Means, Then Prepare for Global Economic Collapse When Donald Trump started talking about enforcing tariffs and rebuilding trade barriers during his presidential campaign, few believed him. That is starting to change now, and the world fears he will do just that. By rewriting the rules of […]
EURUSD – The Anti-Dollar Returns?

EURUSD – The Anti-Dollar Returns?

After Mario Draghi’s speech at the ECB presser the euro seemed destined to correct towards the 1.2200 figure as the ECB Chief made perfectly clear that there would be no quick taper or monetary tightening on ECB’s agenda. But the pair has remained remarkably resilient holding bid underneath the 1.2300 figure and now looks destined […]