Bitcoin’s Rally Flying in the Face of Central Bank Regulation

Bitcoin’s Rally Flying in the Face of Central Bank Regulation

 Bitcoin’s Rally Flying in the Face of Central Bank Regulation $BTCUSD Wednesday, Bitcoin is trading at 3938+, rising about 20% from the lows marked last Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After marking a record high at 4,921 on 1 September, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Commodities are all mixed; precious metals reversed to Bullish over the next couple of sessions, while Crude Oil prices remain stable, Copper looks Bullish for the coming sessions. PE Brent Crude at 55.39, and WTI Crude Oil at 50.23 are stable and may come […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE The US Dollar (.DXY) Index at 91.7260 trading lower, EUR (Euro) at 1.2009, and AUD (Aussie) at 0.8013 are trade higher too, retaining their uptrends. Should the EUR at 1.2009 see 1.2035-50, the 1 of 2 possibilities […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Tuesday with Corn futures falling nearly 1% on technical selling as the harvest of a large US crop loomed. Soybean followed the weak trend, declining in the absence of fresh supportive news, and Wheat retreated from early advances as […]

Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin

Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin

Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin Switzerland’s financial watchdog closed down the provider of a fake cryptocurrency and is investigating around 12 other possible fraud cases, in the latest clamp-down on the risks involving virtual money. The move by the FINMA watchdog comes on the heels of Chinese authorities’ ordering Beijing-based cryptocurrency exchanges to […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Commodities are all mixed; precious metals look Bearish over the next couple of sessions, while Crude Oil prices may remain stable, Copper looks Bullish for the coming sessions. PE Brent Crude at 55.39 has immediate resistance near 56-57 region and could come off […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: Need to always watch Support and Resistance. PE EUR (Euro) 1.1965, and AUD (Aussie) at 0.7965 still in their uptrends, but need to watch their supports. It is the opposite for the US Dollar (.DXY) Index at 91.96 that remains in a downtrend, […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Monday with Soybean futures falling slightly despite export demand and uncertainty about yield prospects. Corn fell on expectations of continued, burdensome US supplies, and wheat sagged on technical selling. The most active Corn contract for December delivery dropped 3.25 cents, […]

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word $JPM, $BTCUSD The Bank for International Settlements (BIS) said Monday, that the world’s central banks cannot ignore the growth in cryptocurrencies and may at some point have to consider whether it makes sense for them to issue their own digital currencies, “Whether or not a central bank should provide […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 55.72 has been rising in line with expectations and could rise to 56.65 in here. WTI Crude Oil at 49.91 is stable, and could trade sideways for a couple of sessions before moving up to 51. Near term […]

Chicago Agriculture Commodities Finished the Week Mixed

Chicago Agriculture Commodities Finished the Week Mixed

Chicago Agriculture Commodities Finished the Week Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed a choppy week with Wheat and Soybean prices surging.. During the trading week which ended 15 September, the most active Corn contract for December delivery fell 2 cents, or 0.56%, to 3.5475 bu. The US Department of Agriculture (USDA) […]

US President Trump Poised to Change Fed Leadership +

US President Trump Poised to Change Fed Leadership +

US President Trump Poised to Change Fed Leadership + $GLD,$SLV, $PPLT, $USD Every US President gets the chance to influence Fed policy through nominations to the central bank’s Board of Governors. But, most often, that chance is limited to a small number of nominations, 3 max, including a nomination for Chairperson. But President Trump is […]

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming

Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming $GLD, $SLV, $EXCFF, $IBM, $WMT To start this is gold’s step sum chart going back to November 2010.  For almost a year (November 2010 to August 2011) gold’s step sum saw an amazing ascent; rising from 220 to 275 (55 net advancing days) in a […]

Gold Price Pressured by Notions of Fed, ECB Tightening

Gold Price Pressured by Notions of Fed, ECB Tightening

Gold Price Pressured by Notions of Fed, ECB Tightening $GLD, $SLV Gold fell Friday after a European Central Bank official called for scaling back the bank’s stimulus program, although losses were capped when weaker than expected US economic data raised some questions about further rate hikes. ECB board member Sabine Lautenschlaeger made the most explicit […]

HEFFX Bitcoin Outlook, $2500 then a Rally

HEFFX Bitcoin Outlook, $2500 then a Rally

HEFFX Bitcoin Outlook, $2500 then a Rally China banned initial coin offerings (ICOs), referring to them as an unauthorized fundraising tool that may involve financial scams. The Chinese central bank said those who have already raised money should pay it back. China accounts for about 90 percent of all bitcoin trading on exchanges, and demand […]

China Economy Remains Strong

China Economy Remains Strong

Industrial output, a gauge of the activity of large enterprises, grew 6 percent year on year in August, down from the 6.4-percent pace a month earlier and retreating to the lowest level this year. Fixed asset investment fell short of expectations with a 7.8-percent rise in the January-August period, the weakest since 1999. Retail sales […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Brent Crude at 55.24 saw a high near 55.99 Thursday and may try for higher marks if it manages to remain above near term support at 54.65. WTI Crude Oil at 49.68 may also try to move up to 52 […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD, $CNY Commentary: NKorea fires another missile, the markets yawn.PE August US CPI came in at 1.9% yesterday, compared to expectation of 1.8% and 1.7% in July. This sent the EUR at 1.1911 down momentarily to 1.1836 and USD/JPY at 110.18)up to 111.04. The US Dollar […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed mixed Thursday, with Soybean posting 1%+ gains for the 2nd session running. The most active Corn contract for December delivery rose 2.75 cents, or 0.78%, to 3.5425 bu. December Wheat delivery fell 0.25 cent, or 0.06%, to 4.43 bu. November Soybean […]

Queensland Nickel Saga Continues

Queensland Nickel Saga Continues

Queensland Nickel Saga Continues Queensland Nickel is a company owned by businessman and politician Clive Palmer. Queensland Nickel owns and operates the Palmer Nickel and Cobalt Refinery at Yabulu in North Queensland. On 19 January 2016 the company entered into voluntary administration. In April 2016 the companies’ creditors voted for liquidation. Queensland Nickel Collapse History […]

High-Grade Iron Ore Will Continue to Rally

High-Grade Iron Ore Will Continue to Rally

High-Grade Iron Ore Will Continue to Rally China’s economy has been optimized in both growth and structure guided by the five development concepts of innovation, coordination, greening, opening up and inclusiveness, according to economists. The “Greening” part is driving high-grade Iron Ore prices and will continue to do so in the future. The rapidly increasing […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Precious metals are in a corrective mode after the recent rally in the last few weeks. Only Crude Oil prices look Bullish near term as they are on the verge of breaking 1st resistances to move higher. PE Gold at 1321.38 may have made […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed higher Wednesday and the Soybean prices rebounded more than one percent, ending a 4-day fall. The most active Corn contract for December delivery remained unchanged at 3.515 bu. December Wheat delivery rose 1.25 cents, or 0.28%,to 4.4325 bu. November Soybean went […]

USD Rebounds in Asia, Markets Fall

USD Rebounds in Asia, Markets Fall

USD Rebounds in Asia, Markets Fall The dollar pressed on with its recovery against the yen on rekindled hopes for Donald Trump’s tax plan, lifting Japanese stocks for a fourth day but most other Asian markets struggled to build on the week’s gains. Wall Street provided another positive lead with a second-straight record for all […]

Bitcoin Dives on Dimon’s Fraud Warning

Bitcoin Dives on Dimon’s Fraud Warning

Bitcoin Dives on Dimon’s Fraud Warning $JPM, $BTCUSD, $ETH/USD Wednesday, Bitcoin dove by more than 10%, as investors sold the cryptocurrency after a warning by JPMorgan (NYSE:JPM) Chief Executive Jamie Dimon that it “is a fraud” and will eventually “blow up.” Bitcoin, the original and biggest cryptocurrency, has rallied strong in recent months, hitting a […]

OPEC and the Oil Price

OPEC and the Oil Price

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee,JMMC, has no authority over executive decisions to continue lowering global oil production, said Kuwait’s Minister of Oil and Minister of Electricity and Water Essam Al-Marzouq Wednesday. In a joint news conference with Venezuela’s Oil Minister Eulogio del Pino, Al-Marzouq — who chairs the committee — said that it was […]

Bitcoin is Fraud CEO of JPMorgan Chase Jamie Dimon

Bitcoin is Fraud CEO of JPMorgan Chase Jamie Dimon

Bitcoin is Fraud CEO of JPMorgan Chase Jamie Dimon CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail. Meanwhile, the controversial cryptocurrency has tumbled to a three-week low and is currently trading at around $3,970. Bitcoin lost a massive $1,000 in value since the beginning of September […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The world’s major indices looks Bullish with strong upward momentum in here. PE DJIA at 22118.86, +0.28% looks Bullish towards 22400 in here, where a pause to refresh may happen. Some resistance is see at 22300, but if the Northside momentum is strong, it could break on the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1336 moved higher and trading within the range of 1327-1363. Will stay on the buy side while it is trades above 1325-27. A close below 1325 could open up 1303 next. Silver at 17.93 is almost unchanged and trading […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed mixed Tuesday with Corn and Soybean prices falling on higher official crop estimates. The most active Corn contract for December delivery dropped 6 cents, or 1.68%, to 3.515 bu. December Wheat delivery rose 7.25 cents, or 1.67%, to 4.42 bu. November […]

Oil Price Outlook

Oil Price Outlook

World oil demand growth in 2017 is expected to rise by 1.42 mb/d after an upward revision of around 50 tb/d,according to OPEC Monthly Oil Market Report, MOMR. Crude inventories rose by 6.2 million barrels in the week to Sept. 8 to 468.8 million, nearly double analysts’ expectations of an increase of 3.2 million barrels. […]

Bitcoin Goes Mainstream in Switzerland

Bitcoin Goes Mainstream in Switzerland

Bitcoin Goes Mainstream in Switzerland Chiasso in Switzerland is going to let residents pay their taxes in bitcoin from the start of next year. The decision is part of the country’s efforts to become a global hub for financial technology. According to the swissinfo.ch portal, authorities approved the new scheme after discussions with cryptocurrency and […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1329 moved lower in line with my short term Bearish view due to overbought condition and renewed strength in .DXY. The trading range for Gold is now 1327-1363, and a close below 1327 could open up 1303. Silver at […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Nothing New. PE USD/JPY at 109.36 broke above 108.70-90 bringing it back into the 108-111 range. The market may stall between 109.00-110.00 in hee. A break above 110 is needed to drive the market to higher. EUR/JPY at 130.74 rose with USD/JPY, within an […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures closed mixed Monday ahead of a Key monthly agricultural supply and demand report. The most active Corn contract for December delivery rose 0.75 cent, or 0.21%, to 3.575 bu. December Wheat delivery dropped 3 cents, or 0.69%, to 4.3475 […]

The Ways to Invest in Gold and Silver

The Ways to Invest in Gold and Silver

The Ways to Invest in Gold and Silver $GLD, $SLV, $ABX, $WPM, $EXCFF The experts say that owning Gold is a secure safe-have investment for protection against inflation or other economic uncertainties in anyone’s financial plans. The Big Q: What does one do to own a piece of the precious Yellow metal? The Big A: […]

China May Slap Brakes on Bitcoin

China May Slap Brakes on Bitcoin

China May Slap Brakes on Bitcoin Caixin reported that China was planning to shut down local crypto-currency exchanges. On Monday, Bloomberg and the Wall Street Journal issued similar reports, saying that China was drafting a plan to ban commercial trading of all virtual currencies. Bitcoin was trading lower by around 1.6 percent at $4,160. Speculation […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed on the trade week ended 8 September, as traders turn to technical selling ahead of Tuesday’s US Department of Agriculture (USDA) crop report. The most active Corn contract for December delivery added 1.5 cents weekly, or 0.4%, to 3.5675 bu. […]

Bitcoin Investment Opportunities

Bitcoin Investment Opportunities

Magical Internet Money Hits $5k The decentralized currency Bitcoin has rallied hard this year, climbing from $1,000 per BTC on January 1st to $5,000 per BTC on the first of September. The digital asset had a substantial market capitalization of approx. $82.6B with only 16.5 million bitcoins currently in circulation. Further, bitcoin trade volume has […]

Time to Sell EURUSD

Time to Sell EURUSD

EURUSD closed up 0.001 at 1.203. Volume was 15% above average (neutral) and Bollinger Bands were 2% narrower than normal.   Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Warning: bearish divergence   Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Globally, gold prices fell 0.19% to $1,346 an ounce after hitting one-year high of $1,357.64 an ounce. Silver prices dropped 0.91% to $17.93 an ounce in New York in Friday’s trade. The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold […]

Australian Dollar Outlook

Australian Dollar Outlook

Australian Dollar Outlook Christina Parthenidou, XM Investment Research Desk Last week the Reserve Bank of Australia decided to hold cash rates at a record low of 1.5% and maintained its optimism about the future economic performance of the country, the Australian Bureau of Statistics (ABS) published the GDP growth figures for the second quarter on Wednesday. These surprised […]

China Economic Update

China Economic Update

Chinese exports grew slower than forecast in August, hit by weak global demand, but analysts said Friday that a jump in imports indicated a pick-up domestically and point to a further improvement. The figures follow a run of broadly positive readings in recent months, which have provided some optimism in the world’s number two economy […]

Forex Market Review (Asian Session)

Christina Parthenidou, XM Investment Research Desk It was another difficult session for the US dollar as numerous factors including political issues, disappointing economic numbers, and dangerous natural phenomena weighed heavily on the currency driving it to a 32-month low. Consequently, the dollar’s weakness boosted other majors and helped them reach new highs. The dollar fell […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weaker, Gold stronger. PE Gold at 1356 moved North and met my target of 1350 as USD (.DXY) in trading below 91.50. The range for Gold is now within 1335-1371 with an interim support at 1345. Gold is overbought (can stay that way […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week, and  ECB kept rates unchanged yesterday. The next meeting in October will be important as it is now a confirmed date when the ECB will seriously debate when to start its ‘Taper’ from. PE […]

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Thursday with Corn futures sagging more than 1.5% on technical selling and expectations of a US bumper harvest. The most active Corn contract for December delivery dropped 5.75 cents, or 1.59%, to 3.5525 bu. December Wheat delivery […]

Digital Options By IQ Option: A New Binary Trading App That Changes The Way Options Are Traded

Digital Options By IQ Option: A New Binary Trading App That Changes The Way Options Are Traded

Digital Options By IQ Option: A New Binary Trading App That Changes The Way Options Are Traded   If you are into binary options trading, you probably know that there are tons of apps that just exist – and don’t get the job done effectively. The traditional, old and outdated features are something that needs […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weak, Gold strong. PE Gold at 1338 is hanging around near term support at 1335 with no directional bias. As it is gets overbought, a fall to 1303 may be seen a clear break of 1335. Silver at 17.98 trades within the range […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD continues to be the weakest major currency on the week.PE EUR’s (Euro) 1.1924 is intact, but the move looks to be slowing down. If the ECB is ambivalent on when the “taper” is likely to start, the market might offload some single currency Longs […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: USD weaker, Gold stronger. PE Gold at 1344 moved higher as The US Dollar (.DXY) Index failed to hold 92.50  and came down 92.29. The trading range for Gold is 1280-1350 with interim support at 1335. Gold is overbought near term so, I […]

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations $ORCL, $X, $DIS, $YOGA Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of Wall Streets Top analysts upgrades, downgrades and initiations for Wednesday, as follows: Oracle Corp. (NYSE:ORCL) started […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Tuesday with Soybean futures rising 2% on a mix of technical buying and forecasts for dry weather in the Midwest that could threaten late-season yield prospects. Corn and Wheat futures followed the higher trend. The most active Corn […]

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System $GLD, $OIL, $CNY It is a strategic move swapping Crude Oil for Gold, rather than for US Treasuries, which can be printed at will. A report released by the Nikkei Asian Review indicates that China is prepared to release a RMB Yuan denominated Crude Oil futures contract […]

UAE Building Non-Oil Sector

UAE Building Non-Oil Sector

UAE Building Non-Oil Sector The UAE total non-Oil foreign trade volume of Q-1 2017 reached approximately AED401 billion against AED388 billion during the same period last year, a growth of 3.2 percent, according to statistics released by the Federal Customs Authority. Direct foreign trade, which represents 68 percent of the UAE’s total trade volume, was […]

Cryptocurrency Crackdown Sparks a Rush to Gold

Cryptocurrency Crackdown Sparks a Rush to Gold

Cryptocurrency Crackdown Sparks a Rush to Gold $BTCUSD, $GLD, $BAC Market guru Mark Mobius said he is sensing danger in the explosive growth of cryptocurrencies. Governments will begin clamping down on digital currencies because of their use in illicit financing, with terrorist groups to drug dealers contributing to their rise, Mr. Mobius, Executive Chairman at […]

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions $GLD NKorea launches or threatens to launch a missile, Gold rises, stocks fall, things calm down and stocks make up their losses, what has been a recurring story YTD. The Big Q: Is it different this time? The Big A: After NKorea said it […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1341 is headed to 1350 with the support at 1335 intact. The is concern about the sustainability beyond 1350-55, due to short term overbought condition. Silver at 17.96 is highly overbought in here, and price correction to 17.50 could […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains saw an upbeat week for the grains futures, but the prices continues sat seasonal lows. During the trading week which ended on 1 September, the most active Corn contract for December delivery rose 1.75 cents, or 0.5%, to 3.5525 bu. Following […]

Bitcoin Dives, China Declares Initial Coin Offerings Illegal

Bitcoin Dives, China Declares Initial Coin Offerings Illegal

Bitcoin Dives, China Declares Initial Coin Offerings Illegal $BTCUSD Bitcoin dives after the PBOC, China’s central bank, said ICO (initial coin offerings) are illegal and asked that all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. Monday,the PBOC on its website […]

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz $GLD, $SLV, $USD, $DXY, $AUD, $JPY Sunday, best-selling author James Rickards warned that Gold is poised to spike to 10,000 oz because of global political instability. Personally, I expect Gold attack the resistance at 1,500 in Y 2018. And not be shocked by a run that brings it […]

Stocks “Lost” August Has Investors Looking at Precious Metals

Stocks “Lost” August Has Investors Looking at Precious Metals

Stocks “Lost” August Has Investors Looking at Precious Metals $SPY, $GLD, $SLV  For evidence it hasn’t been business as usual for the stock market lately, consider a feat of price acrobatics it just pulled off that has no precedent in two decades of trading history. It’s the S&P 500 Index’s (SPY) recent refusal to deviate […]

Thailand’s Strong Baht and Stock Market Rally

Thailand’s Strong Baht and Stock Market Rally

Thailand’s strong baht and stock market rally are in line with economic fundamentals, the central bank governor said on Wednesday, as the currency hovered around 28-month highs against the U.S. dollar. The moves have been driven by stronger economic growth and easing political uncertainty, Veerathai Santiprabhob told reporters. Southeast Asia’s second-largest economy expanded a more […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1324 moved higher as .DXY failed to hold its ground above 93. The trading range for Gold is 1280-1350 with an interim resistance at 1335. Gold is not overbought in here thus a quick rally could be seen on […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: USD strengthens ahead of NFPs Friday. PE Support at 1.1800 held on EUR (Euro) at 1.1907 producing a good bounce. It may consolidate between 1.1850-2000 for a few days trying to sort out the direction for the weeks ahead. And just maybe, the upcoming […]

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished higher Thursday over fund short-covering and poor Canadian Wheat crop. The most active Corn contract for December delivery rose 12.25 cents, or 3.55%, to 3.5775 bu. December Wheat delivery gained 4.75 cents, or 1.11%, to settle at 4.345 […]

US Consumer Spending Up, Inflation Down, USD Falling

US Consumer Spending Up, Inflation Down, USD Falling

US Consumer Spending Up, Inflation Down, USD Falling $DIA, $SPY, $QQQ, $VXX US consumer spending rose a bit in July and annual inflation increased at its slowest pace since late Y 2015, diminishing expectations of a Fed interest rate hike in December. Inflation remains low even as the labor market is near full employment, a […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1307 responded to its highly overbought condition and moved lower in line with my expectation, but there is no change in the trading range within 1280-1350, with a pivot at 1300. I am Bullish Gold while it is trading […]

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs

Forex Morning Briefing, Major Pairs $DXY, $EUR, $JPY, $GBP, $AUD Commentary: Higher than expected US Q-2 GDP preliminary estimate Wednesday +3.00% Vs expectation of +2.7% helped USD recover. PE Strong recovery in The US Dollar (.DXY) Index at 93.00 from the low of 91.62 seen Tuesday, just above 91.39, the 50% Fibo retrac of the earlier […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished lower Wednesday as funds kept selling ahead of a the 3-day US holiday weekend. The most active Corn contract for December delivery fell 3.25 cents, or 0.93%, to 3.455 b. December Wheat delivery closed unchanged at 4.2975 bu. November […]

Commonwealth Bank – Australia’s Banking System Trust Damaged

Commonwealth Bank – Australia’s Banking System Trust Damaged

The Australian community’s trust in the banking system has been damaged in recent years, and CBA in particular has been negatively impacted by a number of issues that have affected the reputation of the bank. Treasurer Scott Morrison said there had been more than 12 compliance “issues” at the bank since 2008, and the board and […]

ASX – Pet Owners To Have Legal Cannabis In The Near Future

ASX – Pet Owners To Have Legal Cannabis In The Near Future

Pet owners may soon be one step closer to accessing medical cannabis as a pain-reliever for their furry friends thanks to CannPal, a Sydney-based pharmatech startup that is looking to raise $6 million when it lists on the Australian Securities Exchange later this year. CannPal wants to develop cannabis-based products to aid veterinarians in administering […]

BHP Billiton Limited – Strong Buy Rating

BHP Billiton Limited – Strong Buy Rating

BidaskClub upgraded shares of BHP Billiton Limited (NYSE:BHP) from a buy rating to a strong-buy rating in a research note published on Saturday. A number of other equities analysts have also recently issued reports on BHP. Zacks Investment Research upgraded shares of BHP Billiton Limited from a strong sell rating to a hold rating in a research note on […]

Gold Has Broken Through the Psych Resistance at 1300 oz, Next?

Gold Has Broken Through the Psych Resistance at 1300 oz, Next?

Gold Has Broken Through the Psych Resistance at $1300 oz, Next? $GLD Gold has broken the 1,300 0z  the Psych resistance mark that has held since October 2016. Today the metal trades at 1,324. This rise is being attributed in part to a weakened USD after the head of the ECB refrained from talking down […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1318 is trading above 1300 due to weakness in .DXY at 92.24, the trading range for Gold is within 1280-1350 with a pivot at 1300. Gold is highly overbought near term, so I am not confident about the sustainability […]

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

  Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures finished mixed Tuesday with managed funds keeping their net short positions. The most active Corn contract for December delivery fell 2.25 cents, or 0.64%, to 3.4875 bu. December Wheat delivery rose 1.75 cents, or 0.41% to 4.2975 bu. […]

China Economic Outlook

China Economic Outlook

China Economic Outlook From January through July, Chinese industrial firms with annual revenue over US3 million reported total profits above 4.2 trillion yuan, up 21.2% from the same period last year, acording to data from the National Bureau of Statistics. The improvement comes despite a slight slowdown in July, with profits rising 16.5% year on […]

IDR – Asain Currencies Drifting Low

IDR – Asain Currencies Drifting Low

Asian currencies drifted lower on Wednesday as the US dollar held onto its gains after upbeat retail sales data suggested the economy continued to gain momentum in the third quarter, reinforcing the possibility of another rate hike by the Federal Reserve this year. US retail sales recorded their biggest increase in seven months in July, […]

Record Fuel Inventories to Buffer Supply Shortfalls Caused by Harvey

Record Fuel Inventories to Buffer Supply Shortfalls Caused by Harvey

Record Fuel Inventories to Buffer Supply Shortfalls Caused by Harvey $USO, $UNG, $UGA Record Crude Oil and refined products stocks will cushion potential shortages caused by Hurricane Harvey, the International Energy Agency (IEA) said Tuesday, adding that it could release emergency oil stocks in the event of extended outages. Some Crude Oil production and about […]

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event $DIA, $SPY, $QQQ, $VXX Investors Shrug Off NKorean Missile Launch Gold rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting haven demand. Palladium extended a rally and platinum rose above $1,000 an ounce. NKorea rattled […]

Trading Outlook – Sell EUR, Buy GBP

Trading Outlook – Sell EUR, Buy GBP

While we remain structurally bearish on GBP, we think EUR/GBP is due some mcorrection in the short-term. The cross is technically stretched with the 14-day RSI running above 80, a level it has reached only four times since 2008. Moreover, Bank of England pricing looks very dovish again with no hikes priced until late 2019. While we […]

JPY/USD – Japanese Economic Growth

JPY/USD – Japanese Economic Growth

The Japanese economy has been showing convincing signs of strength throughout the month of August. Despite softer than expected imports, Japan still managed to beat Q2 GDP expectations. Economic indicators like the PMIalso signal growth. However, despite the strong GDP outlook, Japan’s inflation rate remains dismally below the Bank of Japan’s targets, leaving the possibility of […]

EUR – Unemployment Down, Exchange Rate Up

EUR – Unemployment Down, Exchange Rate Up

The euro broke through the psychologically important $1.20 barrier against the U.S. dollar for the first time since January 2015 on Tuesday, a move that could help cement the shared currency’s newfound role as a global haven unless the European Central Bank intervenes. The shared currency has strengthened more than 14% against a broadly weaker […]

AUD Under Pressure As North Korea Conducts Another Missile Test

AUD Under Pressure As North Korea Conducts Another Missile Test

The Australian dollar has fallen sharply in early Asian trade on Tuesday following news that North Korea has conducted another missile test. Before the news of this latest missile test, the AUD/USD had risen to as high as .7973, a four-week high. That move was driven by broad-based US dollar weakness, continuing the move seen late […]

Qatar Economy Suffers Downgrade

Qatar Economy Suffers Downgrade

Qatar’s sovereign rating was cut to AA-, with a negative outlook by Fitch Ratings, which cited little progress toward ending an Arab boycott. “Fitch believes Qatar’s diplomatic and logistical isolation by some of its neighbours is unlikely to be resolved for some time. The group of countries led by Saudi Arabia and the UAE continue […]

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