Kurt Osterberg

Browsing All Posts By Kurt Osterberg

Finance 0
UK Manufacturing PMI Misses With 54.3 – GBP Falls

A significant slowdown in the UK manufacturing sector according to Markit. The manufacturing PMI drops from 56.3 to 54.3 points in June. A weaker pound helped the small sector. Did the recent strength...
On July 3, 2017 / By Kurt Osterberg
Finance 0
S&P Futures, Euro Shares Start 2nd Half Solidly In The Green; Oil Rises For 8th Day

S&P 500 futures have started the second half solidly in the green, up 0.3% to 2,429, tracking European markets broadly in the green, while Asian stocks fell slightly and crude oil is little change...
On July 3, 2017 / By Kurt Osterberg
Finance 0
EUR/USD Builds Wave 4 Correction With Strong Support Zone

EUR/USD 4 hour The EUR/USD break above resistance (dotted lines) is showing strong bullish momentum. Price is approaching Fibonacci targets of wave 5 (purple) which could complete wave 3 (green). 1 ho...
On July 3, 2017 / By Kurt Osterberg
Finance 0
WTI Crude Oil And Natural Gas Forecast – Monday, July 3

WTI Crude Oil The WTI Crude Oil market broke above the $45 level during the day on Friday, testing the top of the shooting star from Thursday. The shooting star from Thursday is a very negative sign, ...
On July 3, 2017 / By Kurt Osterberg
Finance 0
BIS Warns Of Risk From Soaring Chinese Debt

Global growth is expected to be resilient in 2017, with advanced economies’ confidence indicators posting multi-year highs and EMEs clocking improved performances aided by higher commodity prices, n...
On July 3, 2017 / By Kurt Osterberg
Finance 0
Forex Critical – Time To End Bearishness On The Australian Dollar

I have been bearish on the Australian dollar (FXA) for quite some time now. My main driver was a reversal in fortunes for soaring iron ore prices that in turn weighed down the currency. Iron ore price...
On July 3, 2017 / By Kurt Osterberg
Finance 0
Gold Forecast: July 2017

Gold prices settled at $1241.43 an ounce on Friday, suffering a loss of 1.25% on the week and 2.17% over the month. The precious metal’s losses were mainly driven by expectations that several major ...
On July 3, 2017 / By Kurt Osterberg
Finance 0
Are Advanced Economies Ready For Recovery, Really?

Or Global Reflation As China Begins Tightening Until recently, the conventional wisdom was that China’s contribution to global reflation would be increasingly accompanied by those of the US and Euro...
On July 3, 2017 / By Kurt Osterberg
Finance 0
Sensex Gains Over 300 Points; Ashok Leyland Spurts On Strong Sales In June

After opening the day on a positive note, share markets in India continued to trade higher following the rollout of Goods and Services Tax, the country’s landmark tax reform. All sectoral indi...
On July 3, 2017 / By Kurt Osterberg
Finance 0
Exponentially Rapidly Rising Or Falling Markets Usually Go Further Than You Think, But They Do Not Correct By Going Sideways

Companies and investors have some big decisions ahead of them as we start the second half of the year. They can be summed up in one super-critical question: “Do they believe that global reflati...
On July 3, 2017 / By Kurt Osterberg