GBP/JPY The British pound initially tried to rally against the Japanese yen during the week, but as you can see on the chart we ended up struggling at the 150 handle. Because of this, we turned around to form a shooting star on the weekly chart, suggesting that perhaps we are going to continue to…
US Dollar Forecast: US Dollar Outlook Hinges on the Severity of Coming Market Turmoil The US Dollar has been of two minds about its response to brutal market turmoil. The severity of further bloodletting will be decisive from here. Japanese Yen Forecast: Japanese Yen Looks to US PCE and Continuing Trade Developments The Japanese Yen rose amidst aggressive risk…
Expedia, Inc.’s EXPE subsidiary, Orbitz (orbitz.com) was recently hit by a security breach. Hackers reportedly had access to customer’s information from 880K payment cards used on its consumer platform as well as its partner’s platform where Orbitz is used as a booking engine. Reportedly, cyber attackers could access card user’s names, phone numbers, emails, date of birth…
GBP/USD broke above 1.4145 resistance. A further rise to test 1.4345 resistance is possible next week. A breakout of this level could signal resumption of the uptrend from 1.1946 (Oct. 7, 2016 low), then the next target would be at 1.5000 area. Near term support is at 1.3970, a breakdown below this level could bring…
One of Trump’s primary campaign themes was that other countries are taking advantage of the US. He said he would tear up trade agreements unfair to the US and impose tariffs on offending countries. And as President, he is following through on his promises. First, he abandoned the Trans-Pacific Partnership. Next were tariffs imposed on…
I was shocked to read in a reputable financial newspaper, in my home country Australia, an article written by a known stock promoter singularly contributing Paypal’s success to the first mover advantage. It strikes me as a simple explanation for the success of Paypal, which operates in a complex adaptive system where there are many independent…
Friday 03/16 close: 2752 – Friday 03/23 close: 2588! The bulls are crying: “Enough!”, and they must be heard because, as the title suggests, an oversold bounce should come as early as Monday. The cycles which predicted this decline are being validated (present tense) because there should be more to come. This will be an…
Last week global stock markets slumped due to the prospect of all-out trade war which could destabilize global economy. The US market closed sharply lower for the week with S&P 500 falling 5.6% and Dow Jones Industrial Average falling 6%. Asia markets also skidded with Nikkei 225 falling 6.3%, Hang Seng dropping 6.4%, and Shanghai…
Fundamental Forecast for Gold: Bullish Gold price rally surpasses monthly range highs Gold prices surged this week with the precious metal up nearly 2.7% to trade at 1348 ahead of the New York close on Friday. The losses come amid continued weakness in broader risk assets with all three U.S. Major Indices down more than 4%…
Upheaval conditions are neither magic, nor tragic for investors, at the same time the persistence of cheer-leading or resistance to realities by so many, was almost mystical. Most have acknowledged declines (how can they not?), but few saw the handwriting on the wall, even though that was not well-concealed, during preceding (desperate) ‘Hail Mary’ rallies. And…
