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EUR/GBP Ekes Out A New Six-Month High At 0.8755 To Close Out A Week Of Straight Gains

EUR/GBP Ekes Out A New Six-Month High At 0.8755 To Close Out A Week Of Straight Gains

The EUR/GBP wraps up another trading week just shy of 0.8750 after seeing five straight days of gains with the Pound Sterling (GBP) waffling against the Euro (EUR) for the entire week.EU and UK economic data mixed on forecasts across the board this week, but it’s getting difficult for investors to ignore the fact that […]
Sovereign Debt Is Eating The World

Sovereign Debt Is Eating The World

Photo by Etienne Martin on UnsplashHow did we get here?In short, governments and central banks deluded themselves into thinking that unlimited deficit spending financed by unlimited money printing won’t do what they’ve done for literally millennia — plunge the economy into stagflation.They are, of course, wrong. And we’re seeing the catastrophe unfold before our eyes.From […]
No Surprise, House Speaker Johnson Proposes Same Plan As McCarthy

No Surprise, House Speaker Johnson Proposes Same Plan As McCarthy

Photo by Joshua Woroniecki on UnsplashThere are likely big surprises elsewhere, but there is no surprise in this corner regarding Johnson’s plans to keep the government running. Mike Johnson Unveils Plan to Ward Off Government ShutdownPlease check out Mike Johnson’s Plan to Ward Off Government Shutdown House Speaker Mike Johnson (R., La.) unveiled a two-step short-term spending […]
Key Events In Developed Markets And EMEA For The Week Of November 13

Key Events In Developed Markets And EMEA For The Week Of November 13

The BoE is set for yet another ‘on hold’ decision in December – barring any enormous data surprises, that is. Over in Poland, we expect third-quarter GDP growth to come in positive, while in Hungary we should see the country’s technical recession coming to an end. US: CPI and PPI expected to come in flat on the monthFederal Reserve Chair […]
XAUUSD GOLD Analysis Today 11.11.2023 – XAUUSD GOLD Week Ahead Forecast

XAUUSD GOLD Analysis Today 11.11.2023 – XAUUSD GOLD Week Ahead Forecast

Photo by Jingming Pan on UnsplashXAUUSD Analysis Today and Forex XAUUSD Week Ahead Forecast is ready.Video Length: 00:07:22More By This Author:US30 Analysis Today And Week Ahead Forecast – Saturday, Nov. 4 NAS100 Forex Weekly Technical Analysis – Saturday, November 4 USDX Weekly Technical Analysis – Saturday, November 4
Canada’s Version Of Higher For Longer: Inflation Risks Have Increased

Canada’s Version Of Higher For Longer: Inflation Risks Have Increased

The Bank of Canada (BoC) has completed a 180-degree turn from its goldilocks outlook on inflation from seven months ago. In its October Monetary Policy Report, the BoC lamented that “progress to the 2% [inflation] target is slow.” Governor Tiff Macklem’s October Monetary Policy Report for the accompanying press conference displayed a healthy amount of concern about inflationary pressures (emphasis […]
Bull Of The Day: Petroleo Brasileiro

Bull Of The Day: Petroleo Brasileiro

Petroleo Brasileiro (PBR) , commonly known as Petrobras, is a Brazilian multinational energy company and one of the largest integrated oil and gas companies in the world. It is also one of the most compelling oil stock investments currently in the market. In addition to a historically low relative valuation, Petroleo Brasileiro also enjoys a Zacks Rank #1 […]
With Interest Rates Easing, Will Stocks Rally Into Year End?

With Interest Rates Easing, Will Stocks Rally Into Year End?

Things now appear to be going “right” for stock and bond investors. The S&P 500 hit a recent low on Friday, Oct. 27, as the weakest six-month period of the year was coming to a close. After the new week got underway, however, investors piled back into equities, explains Sam Stovall, chief investment strategist at CFRA Research.The […]
Healthy Correction

Healthy Correction

This week, gold and silver extended their correction of October’s sharp rise. In European trade this morning, gold was $1953, down $24 from Last Friday, and silver was $22.54, down 66 cents. Comex volume in both contracts was moderate.Open Interest in both Comex contracts has been on the low side for some considerable time, evidenced […]
De-Risking Is A Two-Way Street

De-Risking Is A Two-Way Street

Turns out, the feeling is mutual.Over the past couple of months, we’ve been talking about US efforts to fortify supply chains by reducing reliance on China. The US government is funneling over $900 billion toward reshoring through the CHIPS Act, the Inflation Reduction Act, the Infrastructure Investment and Jobs Act, and tariffs on Chinese goods.We’ve […]