Author Archives: Darren Marchal

Italy Defies Gravity And Risk To Fiscal Rectitude

Italian asset markets continue to fare better than many expected. The political uncertainty following the March election has been followed by confidence that the Five Star Movement and the (Northern) League will be able to put together a government in the coming days. If so, Italy would have taken half the time Germany did to cobble a government…

Universal Basic Income To The Rescue?

The Keynesian Illuminati that run the world are now scrambling to find solutions to the rampant condition of income inequality that they themselves have created. After a decade of global fiscal and monetary policy madness, which were in effect Robin Hood in reverse, they are now seeking to repair the damage caused to the middle…

For The 4th Month In A Row, “Long FAANG” Is The Most

In the biggest quarterly shocker out of the Harvard Endowment, which one year ago surprised Wall Street when it revealed that its biggest investment was junk bonds, yesterday we showed that the investing fund representing the world’s most prestigious university had concluded there was no better investment than FAANG stocks, or specifically Apple, Microsoft, and Google, as just these…

US Dollar Pacing To Fresh Yearly Highs As US Yields Jump

US DOLLAR GAINS ON RETAIL SALES, YIELDS RUN HIGHER The US Dollar (via DXY Index) has rallied to its highest level of 2018 following this morning’s April US Advance Retail Sales report. The look at sales revealed a solid pace of buying by US consumers, underpinning what should be considered a stable growth environment. Even…

Gold Breaks 2018 Low, More Pain For Bulls On The Horizon?

More than any other asset, gold invokes strongly-defended positions among both its proponents and detractors. Whether you believe gold is “historically the only true form of hard money” or “just a yellow rock with few industrial uses,” it still pays to keep an eye on the price action and evaluate the current trend. For more…

April Retail Sales: Up 0.3% MoM, Slightly Worse Than Forecast

The Census Bureau’s Advance Retail Sales Report for April was released this morning. Headline sales came in at 0.3% month-over-month to one decimal and was slightly below the Investing.com consensus of 0.4%. Core sales (ex Autos) came in at 0.35% MoM (to two decimals). February and March figures were revised. Here is the introduction from today’s report:…

BTC/USD And BTC/JPY Forecast – Tuesday, May 15

BTC/USD Bitcoin fell against the US dollar initially during trading on Monday but found enough support near the 8300 level to turn around and form a hammer. This obviously is a very bullish sign, but we also have a significant amount of resistance built into the $9000 handle. If we can break above there, the…

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Last week Czech antivirus software group Avast came to market and had a rough time, in part because its own site was hacked last week, which rather hurts its credibility. Avast says that the attempt to blackmail those who downloaded the popular free version into paying for its services to get rid of blockages installed to “protect”…

AUD/NZD Strong Uptrend Continues

Due to diverging RBNZ and RBA monetary policies, the AUD/NZD has formed a strong uptrend breakout above the order block / MH3 confluence. Technically, if the price retraces to 1.0750-75 we should see another bounce towards 1.0876. However, another close above 1.0876 should provide a continuation towards 1.0926 and 1.0944. Around 1.0950 we might see…