Category Archive: Finance
EC Gold/Money Supply Correlation Report – April 4, 2016
There were some fireworks this week. Gold went up on Tuesday (it was a shortened week due to Easter Monday), from a low of $1,215 to $1,244 over the day, a move of over 2 percent. Silver moved from $15.02 to $15.44, almost 3 percent. What happened on Tuesday to drive this move down in the dollar? […]
Most Investors Are Insane, Are You?
“Insanity: doing the same thing over and over again and expecting different results.” – Albert Einstein Why in the world do investors completely disregard facts? Here’s a headline for you written by Amy Whyte on a recent article that appeared at ai-cio.com: “return chasing is rampant among US pensions, endowments, and insurers, the International Monetary […]
Industrial Production: Those Ugly Annual Benchmark Revisions And The Heightened Risk Of Recession
The big economic news on Friday was the Department of Labor’s Employment Report for March. The mainstream press focused on two numbers: the 215K new jobs and the 5% unemployment rate. Over the next few days we’ll dig in a bit deeper to look at some of the underlying employment demographics, which in many ways […]
Can “Make In India” Make India?
Under various nation-building initiatives undertaken by the new government in India, the “Make In India” campaign has hogged limelight and there is a sense of optimism that it can trigger manufacturing driven growth. However, I am sceptical about the impact the manufacturing sector can have on the country’s exports and GDP growth. This article explains […]
EUR/USD: Towards Key Trendline Following The Historic Pattern
EUR/USD is trading at higher levels than it used to. What does this mean moving forward? Here is a technical view from Nordea: Here is their view, courtesy of eFXnews: While some technicals suggest the USD may pause here, the overall decline in volatility, caused by better global data – notably from China – is […]
Central Bank Decisions This Week In India, Australia, Singapore
The Federal Reserve may have left interest rates steady last week, but the central banks of several Asian countries are due to make key policy decisions during the coming week. The Reserve Bank of India (RBI) will announce its decision on Tuesday and Moody’s Analytics expects the RBI will cut its policy rate by 25 […]
No Bear Market: Another Confirmation
No bear market: another confirmation. During the last two bear markets once price fell below the 12 month moving average it never recovered until the bear was over. As you can see in the chart bellow, price has already recovered the long term average. All of the monthly indicators are turning back up. This was […]
From Grexit To Brexit: The Challenges Of A Unified Europe
There came a certain point last year where it looked like Greece was ready to exit the Eurozone – if not under its own volition, then by force. The European Union, European Central Bank and International Monetary Fund – Greece’s troika of lenders – had just about had enough. Lo and behold, both sides managed […]
Kuroda’s Words Prove That Global Recovery Is Only Political Now
In August 1855, Abraham Lincoln wrote a letter to his good friend Joshua Speed who had lived in Springfield but had since returned to his childhood home in Kentucky. The Missouri Compromise of 1820 had recently been overturned in Congress by the Kansas-Nebraska Act and the nation was somewhat enthralled by the “know nothings” and […]
E EUR/USD Is Back At A Key Resistance Level
On Wednesday, the ADP released its report regarding the US private sector employment status which showed growth last month, slightly over the expected value. March employment figure came in at 200K jobs, over the estimated 194K, but February’s reading was revised lower to 205K from the previous 214K. Drilling-in, the report also reveals details regarding […]
