EU Session Bullet Report The market focus today is on Bank of England rate decision and FOMC minutes release. In the UK, BoE is widely expected to keep rates unchanged at 0.5% and show that the 9 members voted for as 8-1 for keeping rates unchanged over hiking them. The MPC members should be positive…
The IMF with its usual several year delay, discovered what pretty much everyone else had known for years: that emerging markets have massively overborrowed, according to the IMF to the tune of $3 trillion, most notably in China. Of course, this is one of the many things we have been cautioning about for the past…
Greece – Ground Zero in the War on Cash? We believe it was our friend Claudio Grass of Global Gold in Switzerland who first mentioned that the eurocracy may possibly have plans to use the Greek crisis as an opportunity to expand the ongoing war on cash. It stands to reason: Greece is well known…
The daily chart: the Euro-market continues to preserve flat in the horizontal corridor 1.1113-1.1372 Click on picture to enlarge Н4: more localized range 1.1171-1.1291 with some (but very noticeable) tieback from the bottom up Н1: intraday we can have a rather sluggish 50-point flat within 1.1224-1.1278 (Bollinger envelopes). Click on picture to enlarge Expectations: So, the most…
Twitter (NYSE:TWTR) finally has a permanent CEO. Three months after Dick Costolo resigned and co-founder Jack Dorsey took the helm as interim CEO, the board approved Dorsey to take on the job full-time. Jack Dorsey is ready to save Twitter. But is he the right person for the job? Some have likened Dorsey’s return to the…
“My Sharona” by The Knack. “Turning Japanese” by The Vapors. “Groove Is in the Heart” by Deee-Lite. In the music industry, we call them “one-hit wonders.” The artist notches a big winner, then disappears. In the technology sector, such a fate often befalls tech companies, too. Only we call them “one-product wonders.” They design items…
The EUR/USD pair fell during the day on Wednesday, as we continue to bounce between the 1.11 level on the bottom, and the 1.13 level on the top. Today could give us a little bit of momentum in one direction or the other though, because we have the FOMC Meeting Minutes coming out, which could…
Investing Daily Article of the Week by Ari Charney, Investing Daily Given the extent of the oil shock, it’s probably too soon to say that Canada’s economy is fully on the mend. But most economists had expected the country’s gross domestic product (GDP) growth to reaccelerate during the latter part of the year after an atrocious…
Investing Daily Article of the Week by Ari Charney, Investing Daily Given the extent of the oil shock, it’s probably too soon to say that Canada’s economy is fully on the mend. But most economists had expected the country’s gross domestic product (GDP) growth to reaccelerate during the latter part of the year after an atrocious…
Yesterday, the Federal Reserve released the latest, August, data on consumer credit which rose by $16 billion in the month, below the $19.5 billion expected, consisting of a $4 billion increase in credit card debt, and $12 billion in non-revolving, or auto and student loans, which at a combined total of $2.55 trillion now account…
