The cards have been tipped, and it appears Italy’s Prime Minister may have been right. In the aftermath of Brexit, much of the investing public’s attention has turned to Italian banks which are in desperate need of a bailout as a result of €360 billion in bad loans growing worse by the day (and not a…
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to…
We show the underlying costs of QE by the Federal Reserve in terms of much higher inflation that counters the benefits of lower interest rates on the Home Ownership Rate by lowering disposable income for consumers. The Fed giveth on one hand and taketh away with the other hand. When the all in…
The world is adjusting to the reality of Brexit. The good news is that world equity markets have stabilized and in some cases have rallied. That does not mean, however, that the potential fallout has been contained. Global government bond yields have dropped, the Sterling continued to plumb new depths and UK consumer confidence experienced…
…The unwinding of the “Central Bank Bubble” will be worse than either the Dot.Com Bubble or the Housing Bubble. It seems like most investors continue to show apathy even with the warnings by us and quite a few others of the “unintended consequences” of the central banks doing things that have never been done before. Those investors…
…The world is drowning in debt created by the central bankers and force-fed to states like a goose being fattened for foie gras…Always, always follow the money…and, as always, the best defense against the global uncertainty are gold and silver holdings…[and here’s what the charts have to say about the current performance of gold and silver]….
The English expression: May you live in interesting times is actually a derivation of the old Chinese proverb which was purportedly a curse. Nonetheless, we find ourselves at one such juncture today: Equities markets are enduring massive turbulence and investors are seeking safe-haven alternatives for their financial portfolios. Throughout modern history, gold has remained the safe-haven asset…
For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support.This was updated on 10 July 2016 and is provided here for reference purposes: Strong: USD, JPY, NZD. The preferred range is from 6 to 8. Average: CHF, CAD. The preferred range is from…
After three public appearances from Mark Carney, it is now time to act on the monetary front. Will the BOE cut rates, announce more QE or do both? For a change, this is a live meeting that will determine the next move in GBP and the market mood. In the US, a look into the…
This week’s U.S. news was remarkably bullish. The service sector’s PMI reading was very strong and the surprisingly solid employment report may have put an end-of-the-year rate hike back on the table. As a result, the SPYs finally broke through key resistance to make a new high. But stocks are still expensive. And with another…
