Gold snapped seven consecutive days of gains as investors grew cautious ahead of Federal Reserve Chair Janet Yellen’s appearance before the House Financial Services Committee. Failing to sustain a push above the $1193/1 region also weighed on the market. The XAU/USD pair tried to hold beyond this barrier yesterday but stalled as some investors used…
Alternatively, we can cling to a state of denial, and the dominant system will be replaced by archetypal systems that are not necessarily positive. Understanding our current socio-economy as a system of sub-systems enables us to project how and when unsustainable sub-systems will finally unravel. The reality that cannot be spoken within the conventional media…
Solar stocks followed SolarCity (SCTY) down after the company reported its fourth quarter results and gave guidance for the first quarter and fiscal 2016. WHAT’S NEW: SolarCity reported Q4 earnings per share of ($2.37) against analyst expectations of ($2.59), and Q4 revenue of $115M, against consensus estimates of $105.62M. The company reported Q4 installations up…
We look at Platinum and Palladium metals from the technical side in this video. These often neglected metals are pretty unique and special in their own right, and can offer some great trading setups. (Video length 00:14:24)
Money continues to pour out of Italian and Spanish banks for safer havens. This month I note a curious side effect: A huge amount of money went into French banks instead of German banks. The following table shows the winners and losers. Target 2 Imbalances in Billions of Euros Country Symbol Dec Target2 Balance Nov…
Germany, which accounts for an estimated 21% of the European Union’s GDP and has an unemployment rate that is less than half as high as the EU average, is now facing five big economic challenges: 1. Germany has one of the oldest populations in the world: it’s old age dependency ratio is as high as Greece’s and…
Just days after ConocoPhilips (COP) became the first major to slash its dividend, Anadarco (APC) followed suit and announced, just one week after it reported earnings that, it too would virtually halt distribution to shareholders, when it said that it would cut its dividend – the first such action in decades – from 27 cents…
Video length: 00:01:39 Today, we have several mid-level announcements coming out of the European Union as far as Industrial Production is concerned, but not really enough to move the markets drastically. We believe that ultimately the markets will continue to follow the momentum that we’ve seen for some time, so it makes trading somewhat…
Daily Forex Market Preview, 2/10/2016 The US Dollar remained weak yesterday despite the lack of any market events. EUR/USD was seen trading near 1.13 while Gold attempted another go at the $1200 handle but failed. The economic calendar is busy today with the UK manufacturing and industrial production numbers due during the European session while…
