Monthly Archives: May 2018

RBNZ No Plans To Hike Rates Soon

Kiwi fell to its lowest in 2018 after Governor Orr statement, Short NZD/USD? RBNZ has left rates unchanged at 1.75% as expected. Even though New Zealand has seen solid global and domestic growth, with the economy operating around full potential, RBNZ has revised forecast for GDP and Inflation downwards. Three dovish statements have led us…

E

Tesla: Short Squeeze Of The Century Tesla (TSLA) is often referred to as the “short of the century”. However, little credence is given to the possibility of Tesla becoming the short squeeze of the century instead. And despite being one of the best performing stocks in America over the last 8 years Tesla remains the…

US Dollar Slips In Quiet Turnover

The US dollar is sporting a softer profile against most of the major and emerging market currencies to start the new week. It already seemed to be tiring in the second half of last week. With today’s mild losses, Dollar Index is off for a fourth consecutive session, the longest losing streak in over a month….

China’s Largest Producer Of Wind Power

Background Huaneng Renewables Corporation Limited (HNR) is a subsidiary of China Huaneng Group, China’s largest electric power producer, and is the largest producer of wind power in the country by revenue. It sells wind power directly to the grid operators, as well as in the market. It also sells solar power. Business Description HNR is…

Weekly Gold Forecast – Monday, May 14

Gold ended the week up $2.95 at $1317.93 an ounce, snapping a three-week losing streak, as a downside correction in the U.S. dollar index triggered some short-side profit taking. The dollar retreated after a tame U.S. inflation report bolstered views that the Federal Reserve may not have to be so aggressive on raising interest rates….

Incomplete Silver COT Analysis

During March and April, a number of articles appeared at precious-metals-focused websites describing the silver market’s Commitments of Traders (COT) situation as extremely bullish. However, this unequivocally bullish interpretation overlooked aspects of the COT data that were bearish for silver. Taking all aspects of the data into consideration, my interpretation at the time (as presented…