This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: * Trading the two currencies that are trending the most strongly over…
I sat down with Eric Dubin, Managing Editor, The News Doctors to discuss the gold and silver market on Thursday Feb. 11, 2016. Eric is one of the best analyst around. He doesn’t pull punches and speaks straight. His long term analysis has been pointing to this time frame and the recent unfolding events. I wanted to…
Gold: Having continued to decline following its Friday downside pressure after price failure, more weakness is now envisaged in the days ahead. On the downside, support comes in at the 1210.00 level where a break will turn attention to the 1200.00 level. Further down, a cut through here will open the door for a move…
Bull markets have corrections. Specifically, long-term uptrends often hit roadblocks where stock assets may pull back by 10%, 14%, even 19%. Those who may have been holding some cash typically benefit from buying into weakness at significantly lower prices. Bear markets have bear market rallies. Selling pressure typically abates long enough to allow buyers to push stocks…
Reader Richard wonders if debt forgiveness is the next step in central bank efforts to fight deflation. Richard picked up that idea after listening to an interview with Steven Major, Managing Director, Fixed Income Research at HSBC. Richard writes: Hello Mish, Congratulations on the upgrade to WordPress. I was listening to an interview Steven Major…
The Euro is doing nothing more than meandering around versus the rest of its major counterparts, seemingly oblivious to developments at home as (admittedly) more interesting developments take place abroad: the Federal Reserve’s cheeky attempt at normalizing policy; Chinese/emerging market growth slowing down rapidly; and geopolitical tensions between military superpowers ratcheting higher across all corners of the…
Oil’s late week surge provided much buying excitement and Mid-East equity markets opened with flashing green numbers across every screen. However, by the close, it was a sea of red with Kuwait, Egypt, Amman, and Iraq all lower and Saudi’s Tadawul All Share Index tumbling almost 4% from the opening highs as war worries dragged The Kingdom’s…
As investors were holding their breath ahead of earnings from Tesla Motors Inc (NASDAQ:TSLA), CEO Elon Musk attempted to quell concerns by buying up shares of the company as a vote of confidence. As much as the influential CEO touts the stock, investors could not help but notice that shares plummeted 20 percent in the month of January. Investors got…
There’s no denying that companies were hit hard during the fourth quarter, and we are definitely heading for a year over year earnings decline for the S&P 500. However, earnings estimates are finally improving; they’re up 140 basis points from where they bottomed out on Jan. 27, according to data from S&P Capital IQ. Another bit of…
Our GDP-based recession indicator index is now available from FRED, the database maintained by the Federal Reserve Bank of St. Louis. Source: available from FRED. One use of this series is for academic research where it is important to specify predictive relations based on what market participants could have actually known at the time. The recession dates established by…
