IMF Politely Asks China To Explain Exactly How Large Its FX Forwards Book Is
On the heels of China’s move to devalue the yuan on August 11, the market’s attention abruptly shifted to something we’d been discussing for quite some time. Namely, China’s rapidly depleting FX reserves. The problem for China was that they wanted to devalue, but they wanted to do it on their terms and that’s not […]
How To Profit On The $200 Billion Immunotherapy Market
Cancer is of course one of the most challenging pathologies patients and doctors can face; the disease cells are fiendishly adaptive as the body tries to fight them off, making them stronger. Until very recently, medicine’s best shot at fighting cancer was to bombard the patient with harsh, poisonous chemicals or radiation in the hope […]
Brussels Bombings Raise Brexit Risks
Two explosions at the Brussels Airport and another at the Maalbeck metro station in the Belgian capital left at least 13 dead and dozens injured. The events also triggered flight diversions, a shutdown of the metro and a high state of alert. The depressing events also took their toll on markets, with a general risk off sentiment benefiting […]
S&P 500 And Nasdaq 100 Forecast – March 22, 2016
S&P 500 The S&P 500 initially fell during the course of the session on Monday, but found enough support at the 2040 level to turn things back around to form a massive hammer. The hammer of course is a fairly strong sign, especially considering that it is at the top of a long uptrend. There […]
DAX 30: Will The German Data Ruffle The Trend?
The DAX 30 has an underlying bullish trend since mid-February and as long as it trades above the March 10 low of 9397 it may drift higher. The January 13 high of 10,166 is resistance and this is followed by the January 5 high of 10,395. These two levels are potential targets for the bullish trend. As the trend is bullish, a short-term decline, […]
Terrorist Strike In Brussels Causes Market Angst
A series of attacks at Brussels airport and metro casts a pall over the market. The attacks come as Europe prepares what for many will be a long holiday weekend. Gold, the dollar and yen seem to have been the beneficiaries. Bonds are generally firmer and equities lower. However, in late morning activity in London, […]
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing […]
EUR/USD Forex Signal – March 22, 2016
EUR/USD Signal Update Yesterday’s signals expired without being triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken between 8am and 5pm London time today only. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1204. * Put the stop loss 1 […]
Fiduciary Rule: Instant Gratification Or Panic
If you haven’t viewed Tim Urban’s TED Talk about procrastination, I urge you to do so when you have a short break. He spins a tale of prioritization woe by referencing different parts of our brain. There is the Instant Gratification Monkey who tries to lure the Rational Decision-Maker from productive endeavors. This playful little fella holds sway until deadlines force the appearance of the Panic Monster. Someone then responds by […]
Not To Dwell On Greece… But..
Note: You might wonder why there is once again a concentration of articles on the activities of Greek banks. One might incorrectly surmise I don’t like the Greeks. That isn’t true. The reason for the focus on the scams going on right now with regards to the Greek banks is because I believe they are […]
