The EUR/USD pair tried to rally during the day on Thursday, but gave up quite a bit of the gains. However, we continue to see the 1.15 level above as resistance. This market certainly has been bullish in general, and I now think that the pair is going to be “buy only” as far as…
Bonds were sold off globally. Demand for bonds dropped and, as a consequence, their price has gone down. Because yields move in the opposite direction of bond prices, have recently gone up again. The German 10-year bund surged to 0.79 percent recently, for example; a strong appreciation in just a matter of weeks. US interest…
Gold bullion and the Gold BUGS Index (HUI) are close to breaking out to the upside on the daily charts. As shown below, the US$ gold price is butting up against lateral resistance that also now coincides with the 200-day moving average (MA), and the HUI is struggling with resistance defined by a trend-line that…
Forty years ago an international cartel successfully conspired to assume sovereign control of Canada. With reorganization of the government during the Great Recession of the 1930s Canada had operated for the following 40 years a under total independent sovereignty, more so than any other capitalistic democracy. But that all ended in 1974. How that happened…
With the S&P 500 hitting a new high, let’s take a look at Treasury Yields.The first chart shows the daily performance of several Treasuries and the Fed Funds Rate (FFR) since 2007. The source for the yields is the Daily Treasury Yield Curve Rates from the US Department of the Treasury and the St. Louis Fed’s FRED…
Led by Betsy Warren, the protectionist Pasionara of the Senate, a disgrace to the Harvard Law School, Democrats have blocked fast-track authority the Administration sought in order to complete negotiations for the trade-freeing Trans-Pacific Partnership, TPP. This probably will also keep back the Transatlantic Trade and Investment Partnership, or TTIP, also requiring fast-track. Fast track has been…
Gold prices rose for a third straight session to settle at their highest level since mid-February as the dollar’s decline increased investors’ appetite for the precious metal. The metal’s near 2% gain in the previous session was triggered by sluggish U.S. retail sales data. There is a growing perception that the Federal Reserve is likely…
Gold prices rose for a third straight session to settle at their highest level since mid-February as the dollar’s decline increased investors’ appetite for the precious metal. The metal’s near 2% gain in the previous session was triggered by sluggish U.S. retail sales data. There is a growing perception that the Federal Reserve is likely…
The global demand for gold has dropped to the lowest level in 5 years in 2014, after the demand for gold bars and coins collapsed and the demand for jewelry also cooled down. That is what the World Gold Council (WGC) reported. In total the demand dropped by 3924 tons, which is 4 percent lower…
Looking for signs of a global recovery that will lead export growth? If so don’t look at China. Reuters reports China’s Annual Steel Consumption Drops for First Time in Three Decades. China’s apparent crude steel consumption fell for the first time in three decades in 2014, data from an industry association showed, a further indication of…
