Narrow ranges in the foreign exchange market continued for the most part, and the US dollar is a little softer. The Reserve Bank of Australia did not talk the Aussie lower, and the data were better than expected. This sent the Australian dollar sharply higher. Its 1.25% gain is the biggest in two months. This coupled…
The gold market started the month on the back foot, reflecting sustained pressure on prices, as the conditions in the marketplace gave investors few reasons to invest in the precious metal. Despite weaker-than-expected manufacturing data out of the United States, growing conviction that the Federal Reserve will begin altering its monetary policy as early as…
A Maoist great leap forward requires that every Chinese investor move in the same direction, long rather than short, into stocks rather than out of them. And to make sure this happens, the Chinese Securities Regulation Commission is demanding records from Chinese and foreign brokerage firms in Hong Kong and Singapore who will have to…
Crimex open interest in gold rose 8,907 contracts and in silver 3,067. If the recent pattern holds up this suggests even more spec short selling. Friday we get the banker’s participation report along with the shocking new CoT. Must have been a busy month for banksters as they have clearly taken a very bullish position….
In a blog post a couple of weeks ago I noted that it’s normal for large and fast price declines in the major financial markets to be accompanied by unusually-high trading volumes, meaning that it’s normal for large and fast price declines in the major financial markets to be accompanied by increased BUYING. I then wondered aloud…
Looks like there’s trouble in paradise. If economists have it right, Australia’s current property boom which has zoomed 11% so far this year, could be coming to an end. Investors looking for a good deal have helped push the value of residential property to half a trillion dollars and banks have reported that more than…
Is McDonald’s (NYSE:MCD) new CEO finally turning this big ship around to get it back on track? If the recent quarterly report shows us anything, it’s that there’s still a chance he can salvage this mess. McDonald’s has suffered a lot of negative press over the years, but to shareholders, it’s been everything they wanted and more….
Many of the stock market indices I look at, are doing well. I am not long, as well as it has been a very tough market to be short. Most bulls and bears are not making money. Apple seems to be at a key juncture. Watch this video and let me know if you think…
Gold remains extremely weak. We need a daily closing above 1108 to say the low is in place temporarily and a bounce back up is possible. The 1080 level is critical support on a daily closing basis and it remains possible that gold can break to the downside moving into September if the…
EUR/USD Signal Update Yesterday’s signals expired without being triggered as none of the key levels were hit. Today’s EUR/USD Signals Risk 0.75% Trades must be entered between 8am and 5pm London time today only. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of…
