GBPUSD Weakens On Loses Upside Momentum
GBPUSD: Having failed to sustain its intra day gains to close flat on Thursday and followed through lower during early Friday trading, further bearishness is envisaged. Support lies at the 1.4500 level where a break will turn attention to the 1.4450 level. Further down, support lies at the 1.4400 level. Below here will set the […]
EUR/USD: Market Lying In Wait For NFP
Yesterday’s Trading: The euro was up against the dollar on Thursday, having past 1.1200. The BoE and weak US stats had a positive effect on the price of the euro. The Bank of England decided to leave things unchanged with interest rates at 0.5% and asset purchasing at £375 billion. The voting for the interest […]
BlackRock’s Letter Leaves Little Accountability
Video Length: 00:03:26 Turns out Larry Fink, the CEO of BlackRock (BLK – Analyst Report), sent a letter to the chief executives of every other S&P 500 company, asking them to do away with short-term guidance. Among several gems in the letter were quotes like “Today’s culture of quarterly earnings hysteria is totally contrary to the long-term approach […]
WTI Crude Oil And Natural Gas – February 5, 2016
WTI Crude Oil The WTI Crude Oil market tried to rally during the course of the day on Thursday but found far too much in the way of resistance above at the $38 level. By doing so, we ended up forming a shooting star which of course is the most negative candle that you can […]
Incrementum Advisory Board Meeting Q1
A Comprehensive Discussion of the Economy and Financial Markets The Incrementum Fund’s advisory board has held its quarterly meeting on January 10, and the transcript has just become available. Readers can download the transcript via the link below this post. Unfortunately two board members (Dr. Frank Shostak and Rahim Taghizadegan) were unable to attend this […]
EU Session Bullet Report – The Calm Before The Storm
EUR/USD Intraday: further advance. Pivot: 1.1115 Most likely scenario: long positions above 1.1115 with targets @ 1.124 & 1.131 in extension. Alternative scenario: below 1.1115 look for further downside with 1.107 & 1.1 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Gold spot Intraday: […]
EUR/USD: Inverted H&S, GBP/USD: Multi-Year Channel
The recent big moves in Forex markets created opportunities and interesting patterns on the charts. Here are the views from SocGen: Here is their view, courtesy of eFXnews: EUR/USD retested last March levels (1.0570/1.05) and also the multi decadal channel back in November after which it has embarked on a recovery. This week it has confirmed an […]
Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes
The weeks ago, when we showed “What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation”, we said that after looking at a chart of Venezuela’s upcoming hyperinflation… …a hyperinflation in which the soaring stock market has failed to keep pace with the collapsing currency, thereby mocking all erroneous thought experiments that […]
22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning
As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that we haven’t seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is […]
Germany To Enforce A €5,000 Limit On Cash Transactions
The German people do not have to worry about their taxes rising because of the Greeks; the refugees are whom they should worry about. Now the German government is joining the rest of the crowd and preparing to move electronic. They will look at introducing a limit of €5,000 euros on any cash transaction to combat money laundering […]
