The pound is still confused from the quickly-changing stance of Mark Carney, but also of his colleagues. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research ...
Copper: Rally Reverses As Dollar Rebounds The red metal drifted lower this week linked mainly to a recovery in the US Dollar, which made a small recovery after suffering weeks of declines, though also...
Short term USDX (USD Index) Elliott Wave view suggests the rally to the 97.88 high on 6/20 ended Intermediate wave (X). Decline from there is unfolding as an impulse Elliott Wave structure with e...
Taper Tantrum 2.0, emanating from Europe rather than the United States continues to overshadow other developments. Yesterday, the yield on the 10-year German Bund pushed through the 50 bp mark that ...
Non-Farm Payrolls today and taking the risk here and calling my Dollar bullish case before the announcement….as I believe that technically we should expect Dollar to bounce….overall…and not in a...
Gold prices paid little attention to the mixed bag of US data releases yesterday, opting to consolidate in a now-familiar range that has contained prices following a sharp plunge earlier in the week....
A NYT piece on the growth of oil exports may have given readers a misleading impression on the state of the U.S. oil industry. The piece was headlined, “oil exports, illegal for decades, now f...
After a week full of abysmal news for Tesla, which some have said is rapidly becoming the new Uber on the bad-to-worse news front, the weekend couldn’t come fast enough for Elon Musk who by now ...
The UK trade deficit came out at 11.8 billion, worse than 10.8 billion expected. In addition, the previous figure was revised to the downside. Industrial output dropped by 0.1% m/m, worse than 0.4% ex...
The ISM’s manufacturing and non-manufacturing PMI’s, released earlier this week, suggest that while the activity in both the sectors has improved from a month ago, the employment sub-indexes paint...