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Italian Election Weighs On Italian Assets, But Little Systemic Risk Seen

Italian Election Weighs On Italian Assets, But Little Systemic Risk Seen

The Italian election results look a bit more euro-skeptic, but the not far from what the polls showed. Coalitions matter under the new electoral rules, and the center-right coalition appears to have the most votes, followed by the 5-Star Movement, and then the center-left in third.  There were two surprises. First, the center-left did poorer, […]
Most Asset Classes Fell Last Week

Most Asset Classes Fell Last Week

Last week’s trading ended in the red for all but one of the major asset classes,based on a set of exchange-traded products. US inflation-linked Treasuries edged higher over the five trading days through Mar. 2 while losses weighed on everything else. The iShares TIPS Bond (TIP) ticked up 0.2% last week, an outlier gain vs. the […]
EURUSD: Euro Drops In Response To Italian Election Results

EURUSD: Euro Drops In Response To Italian Election Results

Previous: On Thursday the 1st of March, trading on the EURUSD currency pair once again closed up. The dollar remained under pressure from the introduction of steel and aluminium tariffs. The US’s trading partners have stated that they may in turn implement their own protective countermeasures. Trump responded with a tweet, saying “When a country (USA) […]
Sensex Plunges Further; Metal & Energy Stocks Decline

Sensex Plunges Further; Metal & Energy Stocks Decline

Indian share markets continued to trade on a weak note during the noon session amid weak Asian markets. Losses were largely seen in metal stocks, oil & gas stocks and auto stocks. The BSE Sensex is trading lower by 360 points and the NSE Nifty is trading down by 122 points. Meanwhile, the BSE Mid Cap index is trading down by 1.1% & the BSE Small Cap index […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 5

WTI Crude Oil And Natural Gas Forecast – Monday, March 5

WTI Crude Oil The WTI Crude Oil market initially fell on Friday, but just as we had seen on Thursday, buyers came in just above the $60 handle. While the market looks very negative at one point during the day, it obviously turned around as we close slightly higher. Ultimately, I think if we can […]
Inflation And Honest Data

Inflation And Honest Data

’80s Flashback In the course of inventing new tools you sometimes you find that the old tools weren’t so bad and might even have been better than your “improved” versions. My friend John Williams at ShadowStats fervently believes that the changes that the Labor Dept. made in the ’80s and ’90s seriously distorted the Consumer Price Index. […]
Another Bullish Breakout For Cocoa

Another Bullish Breakout For Cocoa

On Friday, The iPath Bloomberg Cocoa SubTR ETN (NIB) soared 3.0% to a 14-month high. It was a breakout the validated months and months of patience betting that in a market with strong demand, extremely low cocoa prices would create the conditions for higher prices in the future. While NIB has persistently rallied since the […]
FX Week Ahead: Central Bank Meetings

FX Week Ahead: Central Bank Meetings

The markets head into a busy week that sees some of the major central bank monetary policy meetings lined up. This week, the RBA, the Bank of Japan, the ECB and the BoC will be holding their monetary policy meetings. Despite the line up of the central bank meetings, no major changes are expected from either […]
Ripple: XRP/USD Creates A Bullish Engulfing, Breaks Above $1.00

Ripple: XRP/USD Creates A Bullish Engulfing, Breaks Above $1.00

After weeks of consolidation, Ripple’s XRP made a massive comeback on Sunday with a 12.15% gain, finally breaking above the $1.00 barrier. Here’s an overview of the popular blockchain and its token. XRP/USD Ends Consolidation After reaching the all-time high price of $3.35 beginning of January, XRP/USD dropped back to the 76% Fibonacci retracement level […]
AUDUSD Daily Analysis – Monday, March 5

AUDUSD Daily Analysis – Monday, March 5

AUDUSD remains in the downtrend from 0.7988, the bounce from 0.7712 is likely consolidation for the downtrend. Near-term resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 0.7600 area. On the upside, […]