Gold prices ended Monday’s session up $18.35 as market participants continued to adjust to the U.S. Federal Reserve’s cautious plans for raising interest rates. The minutes of the Fed’s March 15-16 meeting released Wednesday revealed that policymakers showed concern about downside risks to the economic outlook stemming from overseas. Also a slide in equities made…
All the UK figures missed expectations and they were also accompanied by downwards revisions across the board. Manufacturing fell 1.1% m/m and 1.8% y/y. Industrial output dropped 0.3% m/m and 0.5% y/y. The trade balance stands at -11.964 billion but at least it’s not worse than the significantly downwards revised figure for the previous month, to 12.157 billion….
The lumber price has traded pretty much exactly as outlined in analysis, titled Lumber Lambasted and Lumber Looking Lousy, produced in May 2015 and September 2015 respectively. I expect price to continue to trade as outlined in those analyses but it doesn’t hurt to update the picture so let’s do just that, beginning with the…
DOW – 174 = 17,541SPX – 24 = 2041 NAS – 72 = 4848 10 Y – .06 = 1.69%OIL – .33 = 37.42 GOLD + 18.20 = 1241.50 Federal Reserve officials seemed evenly split at their March meeting on the key question of whether to raise interest rates; policymakers were also split on whether the…
Thursday evening’s public discussion between Fed Chairman Janet Yellen and former chairmen Volcker, Greenspan, and Bernanke – these last three in order of gravitas and effectiveness and (perhaps not unrelatedly) reverse order of academic accomplishment – was a first. Never before, apparently, have four current and former Fed chairmen appeared on the same stage. This…
The Japanese Yen is playing an important role in markets. Reading the chart of the Yen is hard, because of its volatile pattern, but it is a mandatory task when “reading markets.” In doing so, one should not focus too much on the short term, but the long term chart. That is why we focus on…
Yield vs. Safety Of Principal If an investor was given the opportunity to invest in two nearly identical bonds with one bond paying 2% per year and the other paying 6% per year, logic says most would choose to invest in the higher-yielding bond. In the real world, the bond paying 6% also comes with…
A personal note to my readers – I have been trading for a living for over 25 years and have to say, that these are some of the most chaotic and unpredictable markets I can ever recall seeing over that time span. That is why I have been strongly urging you to trade smaller portions…
The sentiment-linked Australian, Canadian and New Zealand Dollars rose traded higher alongside S&P 500 futures while the anti-risk Japanese Yen declined in overnight trade. The moves looked corrective following the onset of risk aversion in the prior session that pushed the US equities benchmark to a weekly low while commodity-bloc FX swooned and the Yen winning streak extended for a fifth…
The brutal truth about successful investment is a simple one – the risks are not going anywhere, it is the cards one plays to dodge them skillfully. The chaotic performance of the equity markets this year reinforces a time-tested philosophy that risks are merely rotational -the old ones may fade only to make place for…
