EUR/USD > 1.20 – A Big Breakout – Levels To Watch
It finally happens. After rising very gradually towards the very ground level, the world’s most popular currency pair made a decisive breakout and reached a new high of 1.2020. Update: the pair extends its gains and reaches 1.2036, very close to the “whatever it takes” level of July 2012. This is the highest level since […]
Skepticism Of Experts And The End Of Libor
For decades, the public generally placed its trust in technocrats, the people perceived to be skillful and knowledgeable managers of economically and politically important institutions (including banks). The thinking was that aspects of the economy and politics had become too complex for ordinary citizens to understand and that the best way to handle this complexity […]
ECB Rains & Summer Heat/Dryness Hurt Corn – Bean Pods Weak
Market Analysis Farm Journal’s Midwest Crop Tour results suggest this year’s US corn crop is highly variable because of 2017’s WCB dryness during the growing season & heavy rains prompting delays and replants during the ECB’s spring. Excessive heat during July’s pollination also had an impact in various areas. This year’s erratic weather also resulted […]
Dallas Fed Manufacturing Outlook: Continued Expansion In August
This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for August. The latest general business activity index came in at 17.0, up from 16.8 in July. Here is an excerpt from the latest report: Texas factory activity continued to increase in August, according to business executives responding to the Texas Manufacturing Outlook Survey. The production […]
USD/JPY Pressured On North Korea Missile Firing Over Japan
North Korea did it again: the rogue nation fired a missile over Japan’s northern island Hokkaido. While the projectile did not hit Japan’s territory, it certainly scared Japan, South Korea and also the US. Japanese citizens were asked to alerted to take cover. And in currency markets, the safe-haven response outweighs the danger to Japan. […]
Interest Rates And Gremlins
Everyone is familiar with the term “interest rate”, but most people don’t understand what the term means. Unless you understand what the term means, you won’t fully understand why the central bank’s ‘management’ of interest rates damages the economy. To understand what the interest rate is, it helps to understand what it isn’t. It isn’t […]
Earn Profits And Yields From This Megatrend
I’m a long-term investor. Like Warren Buffett, I’d love to hold a stock forever. Even if that’s not likely, I do expect to keep a stock in my portfolio for five years minimum – preferably 10. So not only do I look for great businesses, but I want to be invested in sectors with strong […]
Regional Fed Manufacturing Overview: August Update
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]
EUR/USD Approaches New Bounce Or Break Spot At 1.20 Target
EUR/USD 4 hour The EUR/USD bullish breakout reached the first target at the round level of 1.20 (red line). Price is at a decision zone now (bounce or break spot) and could make a larger correction at the 1.20 resistance zone such as a wave 4 (blue). A bullish break above 1.20 could signal a […]
EUR/USD At The Verge Of 1.20 – To 1.2353 Or Down?
EUR/USD is trading at 1.1975, after having reached a high of 1.1985. The move is basically around the corner. What’s next afterward? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: A Break Of 1.20 To Target 1.2353; GBP/USD: Fade Rallies Into 1.30 – TD TD FX Strategy Research argues that a break […]
