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AUD/USD Forecast November 26 – 30 – Dragged Down Under By Stocks

AUD/USD Forecast November 26 – 30 – Dragged Down Under By Stocks

The Australian dollar retreated from the highs as global stock markets were on the back foot once again. Capital expenditure, Chinese PMI’s, and the G-20 meetings stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. Equity markets suffered another leg lower, and the Aussie, a risk currency, slipped with it. There […]
U.S. Growth Slowing In 2019 Q1 And Recession In 2019 Second Half Says Harbinger Capital Markets

U.S. Growth Slowing In 2019 Q1 And Recession In 2019 Second Half Says Harbinger Capital Markets

David Prince of Harbinger Capital Markets Research talks with BNN/Bloomberg’s Greg Bonnell about world markets in the following two videos, which aired on November 23…he’s standing by his call for U.S. growth to slow in 2019 Q1 and for a recession in the second half of 2019. This ties in with my posts pertaining to world market chaos, […]
SPX Resumes Decline

SPX Resumes Decline

  VIX advanced during the short holiday week, making a new high and higher low, closing above its weekly Cycle Top at 20.63. Note the Head & Shoulders formation which may give it more impetus in the next week. VIX is also positioned for a triply-indicated surge of strength through mid-December. (Bloomberg)  An aggressive implied […]
New Low In Store?

New Low In Store?

Last week, SPX declined over 100 points to a new closing low and is ready to challenge its intra-day low of 2604. DJIA matched it with a loss of 1127 points for the week. But NDX was the worst performer, dropping 340 points for a new correction low. SPX is approaching a support level just […]
“Equity Markets Still Look Vulnerable”: JPMorgan Sees No Signs Of Capitulation Yet

“Equity Markets Still Look Vulnerable”: JPMorgan Sees No Signs Of Capitulation Yet

It’s been a painful few weeks for investors – large and small – as US equity markets have failed to adhere to the decade-long winning strategy of ‘buying the f**king dip’ whenever stocks fall away from the bottom-left to top-right plan of central bankers. Major indices are all in (or extremely close to) correction with […]
The Permanent Portfolio

The Permanent Portfolio

Wouldn’t it be nice to not have to worry about investment decisions? The late Harry Browne, libertarian and investment adviser, thought so and proposed what he termed the Permanent Portfolio. His concept changed the way many looked at investing. Browne’s Permanent Portfolio Harry Browne created a portfolio designed to never need changing (except for periodic […]
Weekly Forex Forecast – Sunday, Nov. 25

Weekly Forex Forecast – Sunday, Nov. 25

The Euro initially tried to rally during the week but as you can see failed near the 1.15 level yet again. Because of this, and the hammer from the previous week, I think what we are looking at is a scenario where we will see a lot of choppiness but with a downward negative bias. […]
GBP/USD Forecast November 26 – 30 – Brexit Deal Crunch Time

GBP/USD Forecast November 26 – 30 – Brexit Deal Crunch Time

GBP/USD was relatively stable as Theresa May stabilized her government. Nevertheless, the EU Summit and political support remain uncertain. The upcoming week also features a few additional releases of interest. Here are the key events and an updated technical analysis for GBP/USD. The rebellion against Theresa May faltered as fewer than 48 MP’s sent letters calling […]
Black Friday Shoppers Return, Profits Another Matter

Black Friday Shoppers Return, Profits Another Matter

Black Friday crowds return to their favorite spots, but many chains are squeezed by rising costs. The shoppers are back. OK, but what about profits? The Crowds Returned, Retail Profits Didn’t. “It’s a good start to the holiday shopping season,” Macy’s Inc. Chief Executive Jeff Gennette said in an interview Friday. “It started early online and […]
No Market For Passive Investors

No Market For Passive Investors

US equities retreated yet again this week, down – 4% on average leaving 3 out of 4 key benchmarks indexes down for the year. Volume patterns show institutional selling with only one accumulation day over the past several weeks. FANG stocks plus APPL continue to falter, which casts a dark cloud over the market. From […]