The Turkish Lira is in Recovery Mode Turkey’s Lira finally recovered as the country’s central bank moved to ease pressure on the currency, triggering a 7% surge to 6.4 per USD TRYTOM=D3. The Lira lost almost 10% Monday alone and has lost more than 40% of its value so far in Y 2018 as the country […]
Turkish Lira: USD/TRY (TRY=X) hits all-time low The Turkish lira has collapsed to an all-time low against the dollar, but the country’s leader has brushed aside concerns, telling Turks “we have our God.” The Turkish President Recep Erdogan then followed those comments up Friday by urging Turks to sell dollars and gold and buy lira. […]
The recent fall of the yuan has been a boon to Chinese exporters facing a trade war with the United States, but it poses financial risks that could prompt Beijing to prop up its currency. While markets are spooked by the standoff between the world’s two biggest economies, a weaker currency makes exporters’ goods cheaper, […]
US Stocks Headed to Record Territory $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, US stocks advanced for a 4th session running, with the S&P 500 climbing 0.3% to 2858. The benchmark index is now within 0.5% of its 26 January record high. The tech-heavy NAS Comp climbed 0.3%, and the DJIA rose 0.5%. The S&P 500 […]
China Back at the US Trade Negotiations Table $DIA, $SPY, $QQQ, $RUTX, $VXX The US and China are working restart talks to avert trade war between the world’s 2 largest economies. Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage […]
The Purpose of Cryptocurrency $BTCUSD For many Bitcoin (BTC) is and has always been a mystery. There is no such thing as a Bitcoin “coin”. It is shown as a coin because that’s a useful analogy. It is an Encryption Key, 1 of roughly 21-M answers to an intricate computer puzzle, that can only exist on […]
The persistently soaring US debt is now well over $21 trillion. While most media focus on foreign holders of US Treasuries, they make up less than 30 percent of the total. RT breaks down who holds the rest. Russia recently dropped out of the top-10 holders of US Treasuries, with its holdings falling from $96.1 […]
‘Big Blue'(NYSE:IBM) Partners with Stronghold for New Digital Coin $IBM Tuesday, IBM aka Big Blue (NYSE:IBM) announced that is backing a new cryptocurrency pegged to the USD, in a partnership with US-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said. Dubbed the stable coin, Stronghold USD, […]
China’s Ban on Cryptocurrency ‘Killed’ Bitcoin Trading $BTCUSD China’s central bank has hailed it’s cryptocurrency crackdown a complete success. Declared by the People’s Bank of China (PBoC) and reported by state media, data apparently shows that the Chinese currency is now involved in less than 1% of all Bitcoin trades worldwide. The Big A: How did this happen? […]
Companies from China and the United States are concerned about the impact of trade tensions between the world’s top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday. China’s customs authority announced that additional tariffs for some imports from the United States worth […]
Forex Traders Overwhelm Emerging Markets’ Central Bankers $DXY, $OIL, $GLD, $SLV Selloff forces EM central banks to raise interest rates Currencies have struggled to find a floor despite rate moves Central banks in emerging economies are losing the battle with markets as their efforts to shield their currencies struggle for traction, suggesting policy makers have […]
Looking at the DJIA Vs Gold and Silver Long Term $DIA, $GLD, $SLV, $MTAFF It is time to reduce exposure to Wall Street and shift the proceeds into Gold, Silver, the precious metals mining companies and the royalty streamers. Let us have a look at the 21st Century Bear markets. The high-tech dot.com bubble ultimately deflated […]
Bitcoin (BTCUSD) Traded Flat on the Day $BTCUSD,$SQ, $IBM, $MSFT, $AMZN, $ORCL Monday, Bitcoin continued traded near and around $6,500 in a low-volume session. Total 24-hr trading volume was only at about $3.4-B into Monday afternoon, marking a 4th-straight day that volume hasn’t topped $4-B. Currently, Bitcoin is trading at 6,709.9951,+268.18, or +4.16%, as of 5:59a […]
Some of the Clouds Above Cryptocurrency Have Started to Blow Over $BTCUSD, $ETHUSD A dark cloud hanging over cryptocurrency investors may have blown over Thursday after the Securities and Exchange Commission (SEC) ruled that Ethereum (ETH) is not a security. Currently, Ethereum is trading at 513.42, -6.41, or -1.2331%, as of 4:48a BST, the market is open. Thursday […]
On the Cusp of a Digital Payments Disruption $IBM, $PYPL, $S, $V, $BTC, $USD There is a huge, under-served world market for cryptocurrency, the World Bank (WB) statistics that indicate 2-B or more people worldwide are not banked, as well as by FDIC data that shows more than 23-M Americans are either unbanked or under-banked. […]
The Big Q: Was Bitcoin’s Dive Really Caused By a “Hack”? $BTCUSD At the weekend the price of Bitcoin hit a 2-month low on the Bitfinex exchange and bounced a bit. The Big Q: Was the cause of the dive really a ‘hack’? The Big A: Some think that the hack on a SKorean exchange […]
The Next 5 Years Dow Jones Industrial Average or the Barron’s Gold Mining Index? $DIA, $GLD, $SLV The Dow Jones Industrial Average (DIA) closed the week with its BEV plot under -5% for the 1st time since early March. No small thing for the Bulls, seeing the Dow’s BEV plot rising towards its BEV Zero […]
Italy’s Deepening Political Crisis May Drive Gold North $GLD, $SLV The deepening political crisis in Italy that provoked a 2nd day of heavy selling on European financial markets. Italy’s President set the country on a path to early elections on Monday, appointing a former IMF official as interim PM with the task of planning for […]
US Dollar Losing Global Status as Debt Soars $USD The USD is quickly losing its appeal to global investors as American debt skyrockets to stratospheric levels warns Jim Rogers. USD, the world’s reserve currency, will lose the status of main reserve currency much sooner than Y 2030, international investor Rogers said at the St. Petersburg […]
Bitcoin Trading in Broad Consolidation Range $BTCUSD, $ETHUSD Bitcoin prices continued within a broad consolidation range over the last 24 hrs, as there was not much fundamentals or economic data to rock the crypto market in the frame. The Key development in here has been the decision of the large crypt exchange Coincheck to re-enter […]
As the EU Splinters, ECB’s Draghi Pleads for Currency Reform $EURUSD European Central Bank President Mario Draghi Friday called for greater central government interference in capital markets, stating his desire for a fiscal instrument that would alleviate crisis-driven stress on weaker countries. The Head of the European Central Bank (ECB) is urging political leaders to […]
President Trump’s Economic Agenda The Trump Administration has outlined big economic agenda items at focus on a stable USD, robust American growth and fair trade. Larry Kudlow, the Wall Street economist who is now the director of the White House’s National Economic Council and is advising our President Mr. Kudlow said he is trying to […]
Iran’s Currency Network Sanctioned US Sanctions Iran Currency Network After Nuclear Deal Withdrawal Thursday, the US Treasury imposed sanctions against 6 individuals and 3 companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days after President Donald Trump withdrew from the Y 2015 Iran nuclear deal. The […]
China Has Launched Its Gold-backed ‘Petroyuan’ $CNY, $USD, $USO, $OIL, $GLD For the last few years, I have been writing about China’s coming Gold-backed ‘petroyuan’ and that it was imminent, few thought is possible. On 26 March China launch an RMB Yuan-dominated Crude Oil futures contract, it had tried before, but, now the contract has gotten […]
USD & Gold: The Bulls Vs The Bears $USD, $EUR, $GLD The notion of repeated cycles is timeless, it is how the ancient people perceived time: not as linear sequence of events, but as replaying patterns of Dark and Golden Ages. Those of us that Chart the Market view it as struggle between The Bulls and The […]
The US is Winning Currency War to Weaken Dollar $DXY, $USD, $EUR, $GBP, $CHF, $JPY, $CNY The US is winning a “cold currency war” as it seeks to weaken the USD The Buck’s nearly 12% dive since the start of Y 2017 is being fueled by fiscal and monetary policies as well as rhetoric intended […]
Bitcoin Seeing its Worst Monthly Decliner Since December 2013 $BTCUSD,$FB Cryptocurrencies are extending losses with Bitcoin headed for its worst monthly decliner since December 2013 on the last day of January trading as US regulators ramp up their scrutiny of one of the world’s largest digital currency exchanges while Facebook Inc. (NYSE:FB) is banning ads tied to […]
The Big Q: What Determines the Price of Bitcoin? $BTCUSD The Big A: Bitcoin is a cryptocurrency based on specifications outlined by Satoshi Nakamoto in Y 2009. Transactions are recorded in a blockchain, which shows the entire transaction history for each unit and is used to prove ownership. Processing transactions requires miners using computers to process blocks of […]
US Dollar (.DXY) Falls on Treasury Secretary’s Welcome in Davos $DXY The US Treasury boss has welcomed a weaker Buck, breaking with a past commitment by the US government to back a strong USD. His comments in Davos, CH led to a sharp sell off Wednesday marking a 3 year low. US Dollar (.DXY) Index […]
Forex Traders Embrace the SmartPhone Era $USD, $JPY, $EUR, $GBP, $CNY The world’s biggest financial market, Forex, is embracing the SmartPhone era as investors find new ways to work when they are not on the trading floor. In a JPMorgan Chase & Co. (NYSE:JPM) survey of more than 400 institutional Fx, interest rates and commodities […]
Strong Gold Rally Seen on China Demand and Bullish Options $GLD Gold’s rally eased a bit this week, but the look of both the physical and paper markets suggest it has got much more room to run. Chinese New Year buying and option prices suggest the stars are aligning for the metal to extend its […]
Gold Up on Report China May Slow US Treasury Buys $GLD, $USD, $JPY Gold rose Wednesday, hitting its highest mark in 4 months, as the USD declines on a report that Chinese officials had recommended slowing or halting purchases of US Treasury securities, the Treasury market was flat to unchanged at its close Wednesday. USD […]
Gold Beat ‘The Street” Since the Fed Raised Rates $DIA, $SPY, $QQQ, $GLD, $VXX, $USD Gold’s outperformed most major assets since the Fed last month raised interest rates last month, it even is beating Bitcoin. Since the December Fed rate hike, Gold is beating stocks, the USD and Bitcoin, Unless USD weakness reverses, Gold should […]
Gold Rose Toward Largest Annual Gainer Since 2010 on Weakened USD $GLD, $SLV, $USD Gold extended its rally to a 3-month high last Friday, running toward its biggest 1-year rise in 7, as a softening USD, political tensions and dampened concerns over the impact of US interest rate hikes played into its rally. Gold’s gains […]
The Big Q: What is a Bitcoin good for? $BTCUSD$V, $MA, $PYPL, $USD, $EUR, $JPY There are 2 answers to that Question: Bitcoin is money, or Bitcoin is a payment system. Then you ask, What is Money. Well, money is metaphysical mystery to be found in modern economics. The best way to think about it […]
Analysts See End of the Year Weakness in Bitcoin Price $BTCUSD ,$CME, $JPY Bitcoin, the biggest cryptocurrency, extended its decline over the Christmas Holiday weekend, failing to reverse a selloff that began after an unprecedented rally fell short of cracking the $20,000 mark. The fall is expected to bring more end-of-year weakness to a market […]
Xi Jinping Thoughts on Socialist Economy with Chinese Characteristics for a New Era has taken shape, said the statement. The tone-setting meeting described the thought as the “theoretical crystallization” of the past five years of practice in pushing forward China’s economic development, the “latest fruit” of socialist political economy with Chinese characteristics, and the “extremely […]
Bitcoin Like ‘Monopoly Money’ and ‘Pure Gambling’ $BTCUSD $CME, $CBOE Investment guru Jim Cramer warns investors that the digital currency Bitcoin is like “Monopoly Money.” Currently Bitcoin is trading at 13,415.9951, +979.33, or +7.87% Vs the US Dollar. He said essentially that if you invest in the virtual money, you’re engaging in “pure gambling” and you have better odds […]
The “Bolivar Bitcoin” is Coming, Steer Clear Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday. It’s version of Bitcoin will be called the “Petro” and be backed up by Venezuela’s reserves of Crude Oil and Nat Gas and its Gold and Diamond holdings, […]
Bitcoin ‘Pauses to Refresh’ After Running Up 55% in November $BTCUSD$CME, $CBOE Bitcoin was last down around 6.72% at $9,69.1934 on the Luxembourg-based Bitstamp exchange, from a record high of $11,395 set Wednesday. Thursday, it went as low as $9,000. The latest profit taking pullback is a ‘Pause to Refresh’ after a 54.7% rise in […]
Hollywood Looking for Bitcoin Film Financing $BTCUSD Hollywood feature film may soon be financed with cryptocurrencies. Christopher Woodrow, who has helped produce or finance movies for the past decade, says the distributed-ledger technology known as blockchain is about to disrupt the film industry and he wants to be a part of it. The producer the Oscar-winning […]
Bitcoin’s Cryptocurrency Rivals Multiply $BTCUSD Almost weekly we are seeing new iterations of Bitcoin, the biggest cryptocurrency, as disagreements over of its design persist and opportunities for making fast money prove hard to pass up. The biggest offshoot, called Bitcoin Cash, emerged in August after a hard fork in the Bitcoin blockchain. That spinoff valued […]
Gold Up for 3rd Day Running On US Inflation Data $GLD, $SLV, $MTAFF, $USD Gold prices rose for a 3rd day running Wednesday, and was flat Thursday, as USD weakened and US bond yields fell despite solid US economic data that reinforced expectations that the Fed will press ahead with increases to US interest rates, […]
US Soybean Export Council Optimistic about China-US Relationship $SOYB, $USD, $CNY The US Soybean industry is very optimistic about the future relationship with the Chinese soybean processing and utilization industries. “We expect China’s economy to grow, consumers’ income to increase and urbanization to expand,” Paul Burke, North Asia regional director of US Soybean Export Council […]
China Gold: Demand Rises 20% YTD $GLD, $USD China’s demand for Gold reportedly rose almost 20% in the 1st 9 months of this year amid strong sales of Bold bars. China’s gold demand rose 16 percent year on year to 815.89 tonnes in the first three quarters of 2017, Xinhua reported, citing the China Gold Association. Jewelry […]
Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors $GLD, $SLV, $USD President Donald Trump’s selection for the next Chairman of the Fed’s Board of Governors will not alter policy much, and could be good news for Gold investors. Trump’s selection of current Fed Governor Jerome “Jay” Powell follows months of public speculation about the […]
The Trump Rally is Almost 1 Year Old $DIA, $SPY, $QQQ, $VXX, $AAPL Friday, the US major stock market indexes finished the longest string of weekly gainers since Y 2013 as Apple Inc. (NASDAQ:AAPL) results and strong services sector data added to the continuing and growing optimism in the economy. US Dollar (.DXY) index rose, […]
China Plays a Role in the Gold Market, How Important? $GLD, $USDCNY China has been accumulating Gold over the past 10 years, and it is also the largest producer of Gold in the world and perhaps the world’s biggest consumers of the precious Yellow metal. The World Gold Council’s (WGC) data for Q-2 Y 2017, says […]
World Stocks Headed to the 12th Month of Gainers $BP, $RYAAY, $BNPQY World stocks headed for a record 12th month of gains Tuesday, as a 5.5 month high in European stocks and records elsewhere underscored one of the most robust Bull markets in history. Europe’s latest rally came as figures from the once-fragile Eurozone showed […]
Singapore Will Not Regulate Cryptocurrency $BTCUSD Singapore does not plan to regulate cryptocurrencies such as Bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said. “As of now I see no basis for wanting to regulate cryptocurrencies,” Monetary Authority of Singapore […]
China is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar’s global dominance. The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the Chinese plans, according to the head of […]
What is the Link Between RMB Yuan and Gold? $USDCNY, $GLD, $OIL People are asking, Paul, what is the link between the RMB Yuan and the precious Yellow metal? The Big A, as follows: Chart 1: The USD/CNY exchange rate (red line, right axis) and the price of Gold (yellow line, left axis, London P.M. […]
The Trump Rally Drives DJIA to Record 23,157.60 $DIA, $SPY, $QQQ, $VXX The DJIA marked 23,002 Tuesday intra-day, but closed just below the ’round’ mark. This latest 1,000-point increase was covered in half the time it took the index to move from 21,000 to 22,000. Wednesday, the US major stock market indexes finished at: DJIA +160.16 at 23157.60, […]
Gold and the Fall of the US Dollar $OIL, $GLD, $SLV, $USD, $CNY China, Russia, and Saudi Arabia are aligning in response to trade sanctions and political discord from the West. Together, they may bring an end to the global supremacy of America and the USD, according to analyst Peter Reagan. China, Russia, and Saudi […]
The US Economy Growing Under President Trump’s Policies $DIA, $SPY, $QQQ, $VXX US economy growing under US President Trump’s developing economic policies. Nevertheless stock market pessimists are warning investors to moderate their optimism over President Donald Trump’s proposed tax cuts. Stocks raced to records last week and again this week, the USD hit a 2-month high and […]
President Trump Wants the USD Down $DIA, $SPY, $QQQ, $VXX DJIA +0.2% finish at a new all-time high for the 3rd session running. Some economists warn that The Trump Administration and its economic policies will not help USD in the long run. The .DXY rebound by up to 5% from current marks but the Buck will […]
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 […]
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 […]
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 […]
Yellen and Draghi Open Jackson Hole Symposium Friday $USD, $DXY, $EUR The Jackson Hole Symposium is this week’s most anticipated event, in part due to a severe lack of other newsworthy market stories but also because two very important central bankers are scheduled to appear. The Fed and the ECB are not only 2 of […]
Weakening USD is Positive for Gold & Silver $GLD, $USD, $SLV The US Dollar (.DXY) Index has been moving lower, retreating 9% in 5 months, from 102 in March to its current 93.39. Not surprisingly, Gold has risen almost 10% in USD terms during this frame. Earlier this year many participant expected USD to continue its […]
The Malaysian ringgit rebounded against the US dollar on Thursday (Jul 27), benefitting from the Federal Reserve’s decision to keep its interest rates low longer, a dealer said. At 6pm local time, the local unit stood at 4.2760/2790 against the greenback compared with Wednesday’s close of 4.2825/2865. The dollar fell to a 2-1/2 year low against the euro and a 13-month trough against […]
SEC Set to Crackdown on Digital Currency Operators $ETHUSD, $BTCUSD Tuesday, Wall Street’s main regulator said that ICO’s (initial coin offerings), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales. ICOs have become a bonanza for digital currency entrepreneurs, allowing them to raise millions […]
Russia and China Setting Up to Transact Energy Business in Gold $GLD, $OIL, $USD, $CNY Russia’s largest bank, state-owned Sberbank, announced that its Swiss subsidiary had begun trading in Gold on the Shanghai Gold Exchange. Russian officials have signaled that they plan to conduct transactions with China using Gold as a means of marginalizing the […]
Think Portfolio Insurance When Buying Gold in Here $GLD, $USD Gold (NYSEArca:GLD) is ranged within 1,190 and 1250 oz short term as the metal tracks US real interest rates. “We’re not saying we have a Bullish bias; we’re not saying we have a bearish bias,” siad executive director for commodities and foreign exchange at UBS […]
Global Stock Investors Seeing Record Market Highs $DIA, $SPY, $DAX, $DJSH, $N300, $NSEI Year to Date (YTD) investors in global stock markets are seeing record highs. Record marks for the widely-followed country indexes occurred in the context of notably low volatility, adding to investor comfort and a sense of accomplishment. All of this was accompanied […]
Stocks Near Record Highs, Gold at 7 Week Lows, USD Bounces $DIA, $SPY, $QQQ, $VXX, $GLD, $USD US stock and bond markets will be closed tomorrow for Independence Day. The major US stock market indexes ended the half-day Monday session mixed Gold fell to the lowest level in 1.5 months as gains in USD and […]
Central Banks Turn “Hawkish”, JPY Carry Trade Emerges $GBP, $USD, $EUR, $JPY, $CAD Cable, Loonie and EUR all rose last week on Hawkish comments from central bankers. The BOE Governor Mark Carney said it is not the time of rate hike yet. Then indicated the BOE MPC will start debating raising interest rate in the […]
Bitcoin (cryptocurrencies) Emerges as a New Asset Class $GLD, $USD, $BTC No asset has evolved from concept to storing billions of dollars as fast as Bitcoin. In the 7 years since inception, a robust ecosystem has developed. Retail traders have the infrastructure to drive over $1-B in daily liquidity while professionals can access tailored financial […]
The Solid Reasons for Gold in an Investment Portfolio $GLD, $SLV, $ABX, $EXCFF, $SLW, $SPY Gold got crushed in The Trump Election rally post election, but a little over 5 months into Y 2017, the yellow metal is up 10.5%—making it one of the best-performing assets of the year so far. While the outlook for the […]
Hong Kong’s pegged exchange rate should stay as it has served the city well through financial crises for more than 30 years, the chief of its de facto central bank said. “Hong Kong is a small and open economy,” Hong Kong Monetary Authority Chief Executive Norman Chan said in a statement as the city approaches […]
On June 23, 2016, British voters will determine whether the United Kingdom will leave the European Union, and foreign exchange (forex) traders are collectively holding their breath. If the Leave movement succeeds, most experts predict tough times for the U.K. currency. Speculation ranges from an outright collapse of the British pound to a mild and […]
The Bitcoin Bonanza, the Cryptocurrency Marks a Record High $GLD, $BTCUSD $100’s worth of Bitcoins 7 years ago are now valued at nearly $80-M Bitcoin has more than 2X’d this year compared against the USD, reaching a record high of $2,190.45/each Monday, the 7-year anni of Bitcoin Pizza Day. The Day commemorates the time a […]
USD Marked Its Worst Week Since April 2016 $EURUSD, $GBPUSD, $USDCHF, $USDJPY The US Dollar (.DXY) fell Friday, adding to its worst week since April 2016 against a basket of major currencies, and having surrendered the gains made since 9 November 2016. .DXY tracks USD against a basket of peer currencies, it fell more than 2 in the […]
Gold Marked it Biggest Gainer in 5 Weeks $GLD, $SLV, $PPLT, $PALL Gold rose on Friday marking it best week in 5 as USD softened boosting bullion’s safe-haven appeal. Spot Gold was up 0.5% at 1,253.31 oz, as of 1358 GMT in London, putting it up 1.9% on the week. US Gold futures slipped 0.1% […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Nothing new: PE DJIA at 20943.11,-0.16% came off as expected and could test to 20780 near term before bouncing. A test of higher marks near 21000 may be delayed a bit. DAX at 12757.46, +0.07% is set to test 13000 […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Nothing new: PE DJIA at 20975.78, -0.17% tested 21050 on the Northside before coming off. Some profit taking is possible in the 21050-21100 area now with a possible extension of the current run towards 21200. Some corrective dip is preferred […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Overall globally stocks are mixed. China looks negative, Europe and US looks potentially Bullish. Japanese and Indian stocks could remain ranged near term. PE DJIA at 21012.28, +0.03% is stable, trying to move North towards 21050-21100 in the next […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Emmanuel Macron wins the final round of the French elections to become the youngest President, winning by a fair margin of 66% to 34% against Marine Le Pen, as per the results released Sunday night.PE DAX at 12716.89, +0.55% make […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Nothing new. PE DJIA at 20951.47, -0.03% finished lower and lack of any directional momentum now keep the price stable. While trading below 21000, we could expect a test of 20800-20600 before starting to rise again. DAX at 12647.78, […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: The stock markets are stable and no real impact is seen after the FOMC Wednesday as it kept rates unchanged and reiterated its maintenance of the existing policy. PE DJIA at 20957.90, +0.04% is seeing difficulty to move above […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: The Japanese markets are closed, and all other major markets are trading very quietly, mostly waiting for the FOMC comments due this afternoon and the 2nd round of the French Presidential election Sunday. PE DJIA at 20949.89, +0.17% stuck […]
Central Banks are Monetizing Stocks and Bonds $DIA, $SPY, $QQQ, $GLD, $SLV Following this market is an exercise in frustration. Last week, DJIA (DOW) appeared ready to roll over. I expected the Dow to be closer to its -5% line than its -2.5% line at the close of this week. But, as you can see […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Almost all stocks are stable and could consolidate in here. Resistances are seen just above current marks, a pullback is possible in here: PE DJIA at 20981.33, +0.03% stable Thursday, is not attempting to rise above 21000 yet, target […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: The tax plan released by US President Trump Wednesday proposed to slash business taxes. It proposed to cut income tax rate from 39.6% to 35%, reduce corporate tax from 35% to 15% and to reduce the 7 tax brackets […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: The US markets are up ahead of the tax reform statement from US President Trump Wednesday. PE DJIA at 20996.12, +1.12% looks Bullish and could see 21200 near term. DAX at 12467.04, +0.10% holding above 12390, but is close […]
Chicago Agriculture Commodities Finished Mixed $WEAT, $CORN, $SOYB Tuesday, Chicago Board of Trade (CBOT) agriculture grains futures finished mixed with Corn futures rising for a 2nd straight session on a slower-than-average start to planting in the United States and forecasts for Midwest rains that will stall further progress. Soybean prices retreated after hitting a 3-week […]
Gold Prices Moving Higher on Geopolitical Factors $GLD, $USD, $EUR, $GBP The economy is very much influenced by the events going on around the world. The Brexit vote, for example, caused both GBP and the EUR to weaken considerably, and USD to grow stronger by comparison. The announcement of a federal interest rate hike is […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Results of the 1st round of French elections brought in hopes to the investors throughout the world except China. Mr. Macron would face off with Ms. Le Pen for the 2nd round on 7 May, but stocks could see […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: DJIA loing to open up significantly, as The Trump Rally extends. PE DJIA at 20547.76, -0.15% sees 1st support near 20370-20350, which could be tested in the coming sessions. Thereafter a rise back towards 20600-20700 is possible in the longer run. […]
Thai Baht (THB) ⇨ US Dollar ($) (THBUSD) HEFFX Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 34.59. The projected lower bound is: 34.08. The projected closing price is: 34.34. FOREX THB= closed down -0.030 at 34.350. Volume was […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Almost all major indices have bounced from 1st support marks and may move further North near term.PE DJIA at 20578.71, +0.85% bounced from support near 20400, a rise towards 20700 is seen near term. DAX at 12027.32, +0.09% up from […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Nothing new: PE DJIA at 20404.49, -0.58% closed below 20410, the immediate price momentum indicates the possibility of a further fall towards 20250-20200 in the next 1-2 sessions. DAX at 12016.45, +0.13% trading just above 1st support at 1960-11930, […]
Thai Baht (THB) ⇨ US Dollar ($)(THBUSD) HEFFX Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 34.60. The projected lower bound is: 34.09. The projected closing price is: 34.35. FOREX THB= closed up 0.040 at 34.360. Volume was 37% below […]
US President Trump Not “Talking Down” the USD $DIA, $SPY, $QQQ, $VXX US President Donald Trump is “absolutely not” trying to talk down the strength of the USD, Treasury Secretary Steven Mnuchin was quoted as saying Wednesday. Trump said last week in an interview with the WS-J that the dollar was “getting too strong,” and […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: US-North Korea tensions, the French elections and news of the UK snap elections on 8 June adding on to the news keeping the global indices in caution mode. European stocks saw a sharp fall Tuesday and may not rise […]
Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 1.24. The projected upper bound is: 1.30. The projected lower bound is: 1.26. The projected closing price is: 1.28. Candlesticks A big white candle occurred. This is generally […]
Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Some recovery seen in most indices, but need price confirmation to say that the corrective phase is over, or there could be some more Southside action near term. PE DJIA at 20636.92, +0.90% bounced from support near 20410 halting a […]
The Keynesian’s Fetish for Monetary Inflation $DIA, $GLD, $SLV If I were to choose one word to describe the current market, it would have to be tedious. The DJIA aka Dow Jones is no longer going up, but as we see in its BEV chart below, it’s really not going down either. The Dow’s BEV […]
Thai Baht (THB) ⇨ US Dollar ($)(THBUSD) Thailand HEFFX Outlook (16/4/17) Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 34.58. The projected lower bound is: 34.08. The projected closing price is: 34.33. FOREX THB= closed down -0.020 at 34.340. Volume was […]