After an almost unprecedented surge in credit (total social financing) and over-invoicing enabled a bounce in China’s PMI data in December, both Manufacturing and Services data tumbled in Januar...
There are plenty of Chinese numbers coming out during the day which could give us a little bit of a “risk on/risk off” type of market, so we believe that it is probably only a matter of time befor...
China’s manufacturing extended its long slump according to the Caixin China General Manufacturing PMI. Chinese manufacturers signaled a modest deterioration in operating conditions at the sta...
A ridiculous fuss continues to be made in some quarters about the ratio of “registered” COMEX gold to total futures open interest. For example, a 26th January ZeroHedge article includes the foll...
Stocks finished the month of January with two straight winning weeks, but investors are still glad to see the calendar flip as those winners only cut the S&P’s loss to 5% for the month. With...
Market comment: Equities sold off aggressively in the beginning of the year making this January one of the worst of the last 20 years. The market managed to start a small rebound just in the last few ...
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, wh...
Gold: Having the commodity continued to hold on to its recovery strength, Gold looks to build up on recovery strength above the 1100.00 zone. On the downside, support comes in at the 1110.00 level whe...
After a wild January we expect a strong start to February: early on Monday we’ll get independent Chinese data. This is followed all week long with a buildup to the NFP, with Wednesday featuring the ...
BOJ COMES TO THE RESCUE This week reminded me of the recent AFC Championship game as the Denver Broncos defeated the New England Patriots in the final seconds of the game by foiling the 2-point conver...