The Goldilocks Economy? Timing this economy has the market on edge. With inflation nearing the Fed’s 2% target, investors seemed relieved that the FOMC decided to hold off on hiking rates. In the ninth year of the 2nd longest expansion in U.S. history, it is surprising to hear the phrase “Goldilocks economy” in the news. Perhaps…
One of the things I note from time to time in my discussions of wage growth is how much its fluctuation in real terms has been affected by gas prices. For example, in the middle of the worst recession in nearly 70 years, real wages actually went up! Why? Because gas prices fell from $4.25/gallon to…
The first day of the consensus event has indeed been extremely entertaining but the best is yet to come. Leaving the Lambo parade and fake banker protest aside, the panelists in the main hall have jumped right into the core issues. On stage with Ethereum co-founder Joseph Lubin, Bitcoin core advocate Jimmy Song was notably upset over the over-blockchainization of the…
After opening the day in the green, share markets in India witnessed positive trading activity, tracking the Karnataka state elections. The markets were decidedly positive in the morning session as the polls showed a decisive BJP victory. However, they soon gave away a 400-point gain as the Congress and allies chipped away at the BJP seats. Volatile…
Today, we are highlighting some important Fibonacci price levels and how they should continue to drive price action over the next 3~10 days or so. Let’s get started. This first Daily ES chart shows a pretty big picture of the Fibonacci price legs (the Fibonacci price “ladder” as we will refer to it in this…
After the EUR/USD failed to breach nor reach $1.2000 (as forecast here), the pair dropped to the lower ground and found some stability. This stability may not last too long as the US Retail Sales are coming up. The data can go in either direction and the EUR/USD has its battle lines drawn. The Technical Confluences Indicator shows…
Yesterday’s signals were not triggered as the price stopped just short of both of the nearest key levels. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm Tokyo time today, during the next 24-hour period. Long Trade Long entry after a bullish price action reversal on the H1 time frame following…
US 10-year rates are again probing the air above 3%, and this is encouraging a push back toward JPY110, with the euro slipping toward $1.19. Asian equities fell, with the MSCI Asia Pacific shedding 0.8%, the most in nearly a month, snapping a three-day advance. China and India were able to buck the regional move….
“Give me a stock to buy,” my friend demanded. “I can’t give personal advice,” I responded. “Besides, it’s not that simple, I don’t know your tolerance for risk, your long-term goals…” He cut me off. “I just need something that’s going to make me a lot of money quickly.” Then I got this email the…
In the latest distress signal from one of the most troubled corners of the emerging markets, this morning the Turkish Lira plunged to fresh all-time lows against the dollar after Turkish President Recep Tayyip Erdogan said he intends to tighten his grip on the economy and will take more responsibility for monetary policy if he wins…
