Chinese Internet Leaders Will Shake The World
A decade ago, Chinese internet companies were still marginal internationally. Today, they are world-class industry innovators. In the internet economy, the leadership is shifting from the advanced West to the emerging East. Today, China’s leading internet companies rival their counterparts in the West in terms of scale, value and innovation. Yet, their impact outside of […]
E Does The Fed Have To Shrink Its Balance Sheet?
In March, the FOMC majority opinion held that it was time to start to shrink the Fed’s balance sheet and that the reduction should be carried out in a “predictable manner”. Various Fed members want to halt the program of reinvesting principal payments from maturing securities, starting as soon as this year, according to the […]
Fear Index Tanking, After Hitting This Resistance!
Below is a chart for VIX (Fear Level) over the past few years. A rally had taken place in the VIX, driving it up to falling resistance and its 50% retracement level at (1), in the chart below. CLICK ON CHART TO ENLARGE We shared the chart above last week on Twitter last week. One of the reasons Premium and Sector members bought XIV, […]
How Geopolitics Could Make Singapore The Most Important Gold Market
Last year I had the privilege to attend a dinner with Mr. Chan Chun Sing, a Singapore Minister from the Prime Minister’s Office. I brought along a copy of Jim Rickards’s book “Currency Wars” to the dinner. In the book, Jim described his participation in the U.S Military’s first financial war games which were held […]
Kimberly Clark Corp. Q1 Earnings Miss The Mark As U.S. Sales Slump
Kimberly Clark Corp. (NYSE:KMB) early Monday posted worse than expected first quarter earnings results, as U.S. sales dragged amid relatively stronger international growth.
Oil Market Rebalancing Myth Looks Close To Its Sell-By Date
The myth of oil market rebalancing has been a great money-maker for financial markets. Hedge funds were the first to benefit in H2 last year, as Reuters has reported, when: “OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second […]
French Elections Give Euro Life; DXY At Major Trendline Support
Video length: 00:10:37 Higher yielding currencies and risk-correlated assets are running higher this morning thanks in no small part to the results of the first round of the French presidential elections. With Emmanuel Macron, the candidate most likely to beat Marine Le Pen in a runoff election advancing into the second round, the Euro is breathing a […]
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Monday, April 24
Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.07163 Opening: 1.09160 Chg. % of the last day: +0.10 Daily range: 1.08207 – 1.09173 52-week range: 1.0366 – 1.1616 According to preliminary data, in the first round of the presidential elections in France, Emmanuel Macron (24% of the vote) and […]
Viva La Oil
Oil prices are creeping back as global markets breathe a sigh of relief in the aftermath of the French elections. Crude oil sold off hard on geopolitical risk and the perception that U.S. oil production is going to offset OPEC production cuts even if it’s not true. Of course, the market believes it, at least […]
