EUR/USD Signal Update Last Thursday’s signals were not triggered as there was no bullish price action at 1.0880. Today’s EUR/USD Signals Risk 0.75% Trades must be taken between 8am and 5pm London time today only. Short Trade 1 Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch…
This was a little enthusiastic even by current standards, or lack thereof. About seven thousand gold futures contracts, representing about 21.8 tonnes of paper gold, were dumped at market in one minute driving the price down to $1,080. Several thousand contracts were bought back in the following two minutes. No legitimate profit-oriented sellers would operate…
History repeats because human nature never differs. I have warned that Albert Einstein was correct that you can NEVER solve a problem with the same line of thing that created the crisis. We will see that absolutely NEVER has anyone in power EVER conceded that they have been the cause of a crisis – it is always someone else. They…
U.S. economy insists on showing the markets that it remains on a recovery mode following the publication of strong inflation data. The Consumer Price Index (CPI) report released on Friday for the month of June revealed an increase by 0.3% on a month-to-month basis and continued its positive momentum of growth for the fifth period…
Quiet economic calendar Looking at the economic calendar for the Monday session, there’s almost nothing to move the markets with perhaps the one exception being the German PPI number. That of course can move the DAX and the Euro, but at the end of the day we believe that in general the market to get…
Once the phantom collateral vanishes, there’s no foundation to support additional debt and leverage. When a speculator bought a new particle-board-and-paint McMansion in the middle of nowhere in 2007 with nothing down and a $500,000 mortgage, the lender and the buyer both considered the house as $500,000 of collateral. The lender counted the house as a…
The President of France has come up with a very creative way of solving the European debt crisis. On Sunday, a piece authored by French President Francois Hollande suggested that the ultimate solution to the problems currently plaguing Europe would be for every member of the eurozone to transfer all of their sovereignty to…
Quantitative Forecast Academic studies have shown that the most reliable way to determine future price movements from past price movements, is by use of momentum. In the Forex market, a momentum study is best applied to the four major Forex currency pairs by simply checking whether the weekly close is above or below the weekly close 13 weeks…
by Dae Woong Kang and Ashoka Mody Appeared originally at Voxeu.org 13 July 2015 In 1997, Milton Friedman warned that when politics clashes with economics, the outcome is not a pretty one. This column reviews some of criticisms and weaknesses of the European macroeconomic system, taking a historic look at the decades leading up to the creation…
Gold has opened the week in Asia with a bang – down nearly $44 at the low of $1083. This has come right on target for our Panic Cycle this week. Gold is headed sharply lower and it will break the $1,000 level and everyone will then start to look for $600-700 area. We can…
