Is The Pound Ready To Rise?
GBP/USD has closed the week on higher ground on high hopes. These hopes relate to the Brexit negotiations that should hopefully reach some results by the EU Summit in mid-November. Here are two opinions, by BTMU and Credit Agricole: Here is their view, courtesy of eFXnews: GBP/USD: Options Flows Points To A Scope For GBP […]
E New Fed Chairman, Same Old Story
President Trump nominated Jerome H. Powell as the new Chairman of the Federal Reserve Bank. Don’t look for much to change. Where we are today is the culmination of decades of irresponsible financial/fiscal policies and a complete abdication of fundamental economics. But that should not be a surprise. The self-proclaimed purpose of the Federal Reserve […]
As The Chinese Economic Cycle Turns, So Do The Fortunes Of The Australian Dollar
In the past few weeks, economic data releases from China have fallen below expectations. Earlier this month, non-manufacturing and manufacturing surveys from the China Federation of Logistics and Purchasing came in below previous figures, suggesting a weaker outlook for future growth. Earlier this week, fixed asset investment, industrial production and retail sales (from the National […]
Want Widespread Prosperity? Radically Lower Costs
It’s easy to go down the wormhole of complexity when it comes to figuring out why our economy is stagnating for the bottom 80% of households. But it’s actually not that complicated: the primary driver of stagnation, decline of small business start-ups, etc. is costs are skyrocketing to the point of unaffordability. As I have pointed out […]
Trading Support And Resistance – Week Of Nov. 20
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results:·Trading the two currencies that are trending the most strongly over the […]
Forex Strength And Comparison Week 47 / 2017
In the Currency Strength table, the EUR was the strongest currency while the NZD was the weakest. There were some significant changes last week with the JPY gaining 3 points and the CHF gaining 2 points and the CAD losing 3 points. The other currencies remained around the same level of last week with a maximum change […]
Short Yen Becomes A Crowd Favorite
Looking at this week’s COT report, extremes include the Swiss franc, crude oil and a new bearish extreme in the Japanese yen. This is shown below: CFTC COT (futures & options combined) – November 14, 2017 Source: CTFC, MarketsNow Notable extremes are bolded, and are highlighted when speculator positioning is more than two standard deviations […]
Think Bitcoin Is A Bubble? Here’s Your Chance To Short It
Has the fact that the price of a single bitcoin has risen nearly eight-fold so far this year prompted you to turn bearish on the world’s most valuable digital currency? Well, here’s your chance to short it. A Swiss asset-management firm called Vontobel launched a new futures product on Friday that will make it easier […]
E Market Briefing For Monday, Nov. 20
‘Stealth’ de-risking of markets has dominated markets for months now in a rotation way. In a sense this has been healthy in holding markets up in this high-level trading range (generally, with Oils and others occasionally poking the indexes to new highs), while masking the gradual increased in sidelined monies, or rotation into ‘perceived’ less volatility […]
Yen Rallies As Yield Curve Flattening Spurs Risk-Off Trade
The Japanese yen rallied off recent lows amid a risk-off tone that marred global markets at the end of last week. Equities pulled back off recent record levels as traders rotated into under-performing small cap stocks and other safe havens such as gold. Meanwhile, the US dollar struggled on the back of falling yield differentials […]
