Category Archive: Finance
Euro/Dollar Still In Sideways
Yesterday’s Trading: Wednesday’s euro/dollar trading finished up. The rate restored to 1.1431 after falling to 1.1326. The UK pound was the market outsider over the course of the day and also managed to win back all of its daily losses against the dollar; ending trades at 1.4120. The main driver for the weakening of the […]
Binary Options Assets In Focus – April 7, 2016
During the day on Thursday, we get a handful of announcements, but quite frankly they aren’t necessarily going to be any major ones to move the market in general. That being the case, market should continue to be fairly straightforward, and as a result we will follow trends more than likely. FTSE The FTSE rose […]
TIPS And Gold – Cousins, Not Brothers
A longtime reader (and friend) today forwarded me a chart from a well-known technical analyst showing the recent correlation between TIPS (via the TIP ETF) and gold; the analyst also argued that the rising gold price may be boosting TIPS. I’ve replicated the chart he showed, more or less (source: Bloomberg). Ordinarily, I would […]
Can We Grow Out Of Our Problems If We’re Not Actually Growing?
The rationale for today’s easy money policies is pretty straightforward: Falling interest rates and rising government deficits will counteract the drag of excessive debts taken on in previous stimulus programs and asset bubbles, enabling the developed world to create wealth faster than it takes on new debt. The result: a steady decline in debt/GDP to […]
Bad Medicine
DOW + 112 = 17,716SPX + 21 = 2066 NAS + 76 = 4920 10 Y + .03 = 1.75%OIL + 1.84 = 37.73 GOLD – 8.90 = 1223.30 The FOMC issued the minutes from its last meeting, where the Fed left rates unchanged and lowered its forecast for hikes this year from four to two. […]
The Australian Dollar Perspective
Basis the cash, we can see that the Greenback has rallied sharply against the A$, but it has not elected a yearly bullish as of yet. It did exceed that level intraday, but the fact it failed to retain those gains warns that we are not looking at new historic highs for the dollar against […]
Department Of Education Wonders “Why 40% Of Student Borrowers Don’t Make Payments”; Blame Bush (Seriously)!
Over 40 percent of those in student loan programs have stopped making payments. Many borrowers have never made any payments. The department of education (a useless body that I would eliminate in one second if given the chance), cannot figure out why this is happening. “We obviously have not cracked that nut but we want […]
Baby Bull Round Two – Biotech
Here we go again. Remember when I warned traders not to short the baby bull in miners and exhorted them to not lose their position because surprises would come to the upside? Needless to say, many ignored that advice and they cost themselves dearly. Now we have a second baby bull just getting started in […]
EUR/USD Forex Signal For April 7, 2016
EUR/USD Signal Update Yesterday’s signals may have triggered a long trade following the rejection of the identified support level of 1.1337. Today’s EUR/USD Signals Risk 0.75% Trades must be taken before 5pm London time today only. Long Trade 1 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next […]
Gold Ratio Charts Revisited
As the consolidation phase continues to build out from this first impulse move up in the precious metals sector lets review some of the charts we’ve looked at previously that suggested the bear market might be over. Most of these charts will be ratio charts which compare different sectors to one another. These rather complex charts can […]
