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Weekly Economic And Political Timeline – Sunday, Nov. 18

Weekly Economic And Political Timeline – Sunday, Nov. 18

This week is likely to see a less activity compared to last week, with little central bank input due for any major currencies and very little data due in general. The most important data releases concern the Australian and Canadian Dollars. The market is likely to be most active on Tuesday. Thursday is a public holiday in […]
EUR/USD Forecast November 19 – 23 – Has It Found A Bottom?

EUR/USD Forecast November 19 – 23 – Has It Found A Bottom?

EUR/USD fell to new 17-month lows but recovered quite quickly. What’s next? The ECB Meeting Minutes and PMI’s stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Italy did not budge on the European Commission’s rejection of its budget. The showdown continues in the upcoming week. In […]
Gold Gazing Into Space Despite Other Markets’ Frenetic Pace

Gold Gazing Into Space Despite Other Markets’ Frenetic Pace

Greetings from the high country here in Squaw Valley where yesterday (Friday) with much pomp and ado was celebrated the opening of the 2018/2019 ski season: except that there isn’t any snow. Rather akin to the ever-present pomp and ado bestowed upon Gold by we steadfast analysts: except that there isn’t any price movement of substance. Nonetheless, […]
The Destabilizing Lynchpins Of The Market

The Destabilizing Lynchpins Of The Market

US equities retreated this week, ranging from down over -2% for both the Dow and NASDAQ 100 to down -1.3% for the Russell 2000 and the S&P 500. FANG stocks have completely unraveled, down 20 – 40% from respective highs, with Facebook reeling on multiple fronts. Latest medical research shows that people who are big users […]
Gold Price Could Drive Higher After Dovish Remarks From Fed Officials

Gold Price Could Drive Higher After Dovish Remarks From Fed Officials

  FUNDAMENTAL FORECAST FOR GOLD: BULLISH Safe haven demand has waned as equities have regained their footing Dovish remarks from Chairman Powell and Atlanta’s Fed President Bostic could prove bullish for the precious metal Bearish retail trader sentiment remains a source of conflict for gold’s fundamental landscape GOLD PRICE SEES UPSIDE POTENTIAL Gold etched out some […]
Weekly Market Outlook – A Good Start, But Only A Start

Weekly Market Outlook – A Good Start, But Only A Start

  The trading week certainly started on the wrong foot, but the bulls didn’t let things tumble out of control before stepping back in. The buyers were able to lock in a huge reversal on Thursday, and we got some pretty good follow-through on the effort with Friday’s trading. The indices aren’t back above the […]
Unfinished Business

Unfinished Business

Often, and apparently wrongly attributed to Mark Twain, is the observation that it is not what we know that gets into trouble, but “what we know that just ain’t so.” Now though, investors suffer from a different problem. Several processes are in motion, and there is little confidence in their outcomes. Among these are Brexit, US-China […]
Does China Have Enough Gold To Move Toward Hard Currency?

Does China Have Enough Gold To Move Toward Hard Currency?

Are the Chinese Keynesian? We can be reasonably certain that Chinese government officials approaching middle age have been heavily westernized through their education. Nowhere is this likely to matter more than in the fields of finance and economics. In these disciplines there is perhaps a division between them and the old guard, exemplified and fronted […]
ECRI Weekly Leading Index Update: “Construction Crumbling”

ECRI Weekly Leading Index Update: “Construction Crumbling”

Friday morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.7, up from the previous week’s 145.6. Year-over-year the four-week moving average of the indicator is now at 0.12%, down from last week. The WLI Growth indicator is now at -3.01, also down from the previous week. “Construction […]
USDCHF Remains Weak And Vulnerable On Price Sell Off

USDCHF Remains Weak And Vulnerable On Price Sell Off

USDCHF remains weak and vulnerable on price sell off the past week. On the downside, support lies at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, […]