The Pitfalls Of Currency Manipulation – A History Of Interventionist Failure
The G-20 and Policy Coordination Readers may recall that the last G20 pow-wow (see “The Gasbag Gabfest” for details) featured an uncharacteristic lack of grandiose announcements, a fact we welcomed with great relief. The previously announced “900 plans” which were supposedly going to create “economic growth” by government decree seemed to have disappeared into the […]
EUR/USD Forex Signal – March 30, 2016
EUR/USD Signal Update Yesterday’s signals were not triggered. Today’s EUR/USD Signals Risk 0.75% Trades may only be entered between 8am and 5pm London time today. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.1234 and 1.1220. Place the stop […]
5 Ways To Beat The “Savings Dilemma”
“I can never retire.” At the wake for a client’s son, in the lobby of a plush funeral parlor, a woman I was introduced to seconds earlier looked at me and confessed four impactful words. I wasn’t aware of her personal situation however I felt the weight of her conviction. I asked: “So, how will you […]
Gold Rallies As Yellen Signals Slow Pace On Rates
Gold prices ended Tuesday’s session up $20.76, extending gains to a second-straight session, as the dollar retreated after Federal Reserve Chair Janet Yellen stressed the need to be cautious in deciding when to raise interest rates. “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy. […]
Crude Rises After Gasoline Draw, Crude Build
Following last week’s major surge in crude inventories, API reported a 2.6mm build (against expectations of a 3.1mm build) – 7th week in a row – which briefly jumped crude prices higher. A 319k draw at Cushing combined with draws in Gasoline (6th week in a row) and Distillates left oil pushing back to late-day highs. API Details: […]
Chart Of The Week: The Rush For Inflation Protection
Janet Yellen thinks she wants inflation. The market thinks she’s going to get it: The hawks at the Fed are losing the battle but I suspect they will win the war – after Yellen gets what she wants.
E US Dollar Drops On Yellen’s Dovish Speech
On Monday, we saw that the GBP/USD major was continuing an upward hike, this being considered the direct reaction of last week’s sell-off from the 1.4480 thresholds. Also, in the absence of fresh information regarding the Brexit in correlation with a weak US start, the pound made its point on Monday. The trend went up […]
Thus Spake Yellen
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 97 = 17,633 SPX + 17 = 2055 NAS + 79 = 4846 10 Y – .06 = 1.81% OIL – .90 = 38.49 GOLD + 20.60 = 1242.90 The Federal Reserve raised interest rates in December and indicated they would like four […]
Dow S&P Hit 2016 High
U.S. markets spiked after dovish statements by Janet Yellen. Video Length: 00:13:57
Central Banks Need To Get Real (Not Nominal)
While the ECB and Bank of Japan are exploring negative interest rates, the US Federal Reserve is preparing us for a slow and cautious increase in short-term interest rates. Long-term rates remain at very low levels and inflation expectations have come under pressure and also remain below what they were a few months or years […]
