GBPUSD: Having the pair rejected lower prices on Thursday and was seen strengthen during Friday trading session today, it looks to strengthen further. 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 stage for more…
T2108 Status: 17.1% (1st oversold close after 3 straight days dipping to or below oversold)T2107 Status: 12.7%VIX Status: 28.1 (overhead resistance held yet again)General (Short-term) Trading Call: bullishActive T2108 periods: Day #1 under 20% (oversold day #1), Day #28 under 30%, Day #44 under 40%, Day #48 below 50%, Day #63 under 60%, Day #404…
The battle between macro and markets rages on. Yesterday’s update of the ADS Index—a US business-cycle metric published by the Philadelphia Fed—remained comfortably in growth territory, in part due to yesterday’s upbeat report on jobless claims (one of the index’s six components). A markets-based estimate of the US economic trend, by contrast, continues to price in a new…
Given the current market conditions you cannot blame those that have put some money in gold. There are a few reasons you would buy the shiny metal, and most of them revolve around fear and the idea of it being a higher price when you sell. The fear trade says that people don’t trust the…
Tonight I would like to update some charts we’ve been following for a very long time in regards to the deflationary spiral that really took hold in July of 2014. With the US dollar still in correction mode one would think that commodities would be going through the roof like the PM complex but that’s…
The euro-zone economy grew by 0.3% q/q in Q4 2015 and 1.5% y/y, exactly as expected. However, industrial output was very disappointing with a drop of 1% m/m and 1.3% y/y. EUR/USD continues hugging the 1.13 level. The euro-zone was expected to report a growth rate of 0.3% in Q4 2015, the same as in Q3….
The euro-zone economy grew by 0.3% q/q in Q4 2015 and 1.5% y/y, exactly as expected. However, industrial output was very disappointing with a drop of 1% m/m and 1.3% y/y. EUR/USD continues hugging the 1.13 level. The euro-zone was expected to report a growth rate of 0.3% in Q4 2015, the same as in Q3….
Thursday saw the market swinging all day before the yen bounced from 111 by 190 points. It was a day off in Japan, so there was no comment from the BoJ. I think that the bank made an intervention through its dealer because the price doesn’t move from the place it has been sat for…
Jim Grant appeared on CNBC’s Closing Bell and unhesitatingly said he thinks the US economy has already gone into recession: I think we are in one…I think there’s a defensible case to be made that a recession began late last year.” Grant echoed what Peter Schiff has been saying. In his Gold Videocast last week,…
The Vanguard 500 Index Fund (VOO) is an index exchange trade fund. The fund is passively managed and is designed to track the investment performance of the Standard & Poor 500 market (S&P 500). The S&P 500 market represents the United States’ largest-capitalization stocks. The respective holdings of VOO are weighted proportionally to the index and adjustments…
