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                        Markets: Jive Turkeys

E Markets: Jive Turkeys

As the US winds down into the holiday season, there are pressing questions about correlations and causality across markets.  Most would argue that the present price action in risk assets looks ugly, with confidence failing across key sectors. Blame for the pain trade starts with global politics and gets local with this last week bringing to […]
Trading Support And Resistance – Sunday, Nov. 18

Trading Support And Resistance – Sunday, Nov. 18

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
GBP/USD Forecast November 23 – 27 – A Brexit Deal Is Here, But Can It Pass?

GBP/USD Forecast November 23 – 27 – A Brexit Deal Is Here, But Can It Pass?

GBP/USD had a very volatile week after the EU and the UK reached a draft Brexit deal but parliamentary support is unclear, to say the least. What’s next? Apart from Brexit, the Inflation Report Hearings will be of interest. Here are the key events and an updated technical analysis for GBP/USD. The UK and the European […]
Frightful Possibilities

Frightful Possibilities

A Santa Claus rally. A trade deal between China and the U.S. A straight shot to 3,200 on the S&P 500. The bullish stories are flooding the airwaves. After all, the vast majority of “traders” and “investors” have never experienced a bear market before. Equities dipped a little in October, and people don’t like it. So […]
Weekly Commentary: Canary In The Credit Market’s Coal Mine

Weekly Commentary: Canary In The Credit Market’s Coal Mine

What ever happened to “Six Sigma”? GE was one of the most beloved and hyped S&P 500 stocks during the late-nineties Bubble Era. With “visionary” Jack Welch at the helm, GE was being transformed into a New Age industrial powerhouse – epitomizing the greater revolution of the U.S. economy into a technology and services juggernaut. […]
Federal Reserve Independence

Federal Reserve Independence

When it comes to Federal Reserve policy, we need to focus our worries on the correct thing. Hint: It’s not inflation. Also, it’s not recession. Also, It’s not the rate of interest rate hikes. It’s the Fed’s independence. Even President Trump agrees with me. Although admittedly, for reasons diametrically opposed to my reasons. In recent […]
USD/JPY Weekly Analysis – Sunday, Nov. 18

USD/JPY Weekly Analysis – Sunday, Nov. 18

USD/JPY failed to break above 114.54 resistance and pulled back to 112.60 area, suggesting that a lengthier consolidation for the uptrend from 104.63 is needed. However, as long as the price is in the price channel on the daily chart, the uptrend could be expected to resume and a further rise towards 115.50 resistance is […]
Global Markets Braced For Brexit Chaos And Italian Showdown

Global Markets Braced For Brexit Chaos And Italian Showdown

EQUITY ANALYSIS AND NEWS FTSE 100 | Brexit Uncertainty to Persist, Key Support Tested S&P 500 | 2700 Curbs Further Losses, Risk Barometer Points to Indecision FTSE MIB | Italian Budget Showdown Continues   Price 200DMA RSI IG Sentiment Europe         FTSE 100 7013 7404 59 Mixed DAX 11341 12333 57 Mixed CAC 40 […]
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                        Gold Entering New Cycle

E Gold Entering New Cycle

It appears gold is following a new 30-32 day cycle. Prices reached a cycle low on Tuesday, November 13th. We are three trading days into the next period, and the cycle turning point should arrive in late December. The dollar cycle peaked on Monday, November 12th. That explains gold resilience on Monday and Tuesday as […]