Category Archive: Finance, No picture
60 Second Snapshot: Gold Is A Crowded Trade
Gold is a crowded trade and this week futures on the yellow metal turned net short for the first time since April 2001. I will give you an explanation on why traders have turned bearish on gold and how the U.S. dollar has remained strong, even though indicators show it is overbought. Federal Reserve Chairman […]
Trading The Global Future – Bad Timing
This is the first of a three-part series. In less than two years, the Trump administration has undermined more than seven decades of U.S. free trade legacies. That is both a reflection of and a catalyst for the further erosion of globalization. Yet, these trade wars did not come out of the blue. The path […]
USDCAD Daily Analysis – Wednesday, August 22
USDCAD extended its downside movement from 1.3174 to as low as 1.3013. Further decline is still possible and next target would be at 1.2961 support. Near-term resistance is at 1.3070, only a breakout of this level could bring the price back towards 1.3174 previous high.
AUDUSD Daily Analysis – Wednesday, August 22
AUDUSD extended its upside movement from 1.7202 to as high as 0.7381. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7450 area. Key support is at 0.7310, only a breakdown below this level could […]
Gold Prices May Break 3-Day Win Streak On Hawkish FOMC Minutes
Gold prices rose for a third consecutive day as improving risk appetite continued to weigh on the US Dollar, forcing the currency to retrace recent gains scored against a backdrop of risk aversion. That has understandably bolstered the appeal of the perennially anti-fiat yellow metal. Meanwhile, crude oil prices shot higher after ship-tracking data compiled and reported by Bloomberg […]
Global Quantitative “Tightening” In Pictures
Central banks are allegedly in a state of “Quantitative Tightening”. Let’s investigate. I created the above graph in Fred. It is slightly out of scale as it’s in dollars, euros, and 100,000 Yen. There are about 1.16 dollars per euro and .92 dollars per 100 yen. I was going to download the data into Excel […]
Extreme GBP/USD Retail Sentiment Undermines August Rebound
BRITISH POUND TALKING POINTS Recent price action in GBP/USD warns of a potential change in market behavior as the exchange rate extends the advance from the 2018-low (1.2662), but the bearish trends in price and the Relative Strength Index (RSI) may continue to take shape as retail sentiment offers a contrarian signal. EXTREME GBP/USD RETAIL […]
Full-Blown Trade War Would Crash The Global Economy
Richard Duncan, writer and publisher at Macro Watch, warned on FS Insider that a full-blown trade war between the US and China would lead to a spike in inflation, interest rates, and, if pushed too far, a cratering of the global economy into another Great Depression. Sound sensational? Here’s what he had to say… China Vulnerable, […]
It’s The Debt Cycle (And Other Things)
The debt cycle, tariffs, and central bank hubris have created the conditions for a spectacular unwind of risk assets. Yesterday in Turkey: Lira Bulls and Bears Duke it Out On Twitter I asked, “Is there a bullish case for the Lira? One person thinks so. Most think otherwise.” I intended to do a follow-up post today, but […]
Understanding Market Timing And How To Profit From It
There is money to be made in the stock market. How you go about investing, however, is totally up to you. Some investors are buy and hold types. This means they buy a stock, mutual fund or ETF and hold it for the long term. Other investors believe in market timing. Their goal is to capitalize […]
