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  • Finance 0

    Gold Falls From One-Year High

    Gold settled down $7.97 at $1238.38 on Friday as a recovery in risk appetite prompted investors to book profits after the previous session’s rally to rally to the highest level. Despite Friday’s decline, the XAU/USD pair ended the week up nearly 5.6%, bolstered by notions that weak economic data and global turmoil will force the Fed to delay further rate hikes. Fed officials including Yellen cautioned that the impact of financial-market turbulence on the U.S. economy is still unclear and altering the outlook for growth. “The economic outlook is uncertain…Foreign economic developments, in particular, pose risks to US econom...
    On February 15, 2016 / By
  • Finance 0

    There Is Nothing Inherently Wrong With Market Manipulation

    The financial markets have always been manipulated and always will be manipulated. They are manipulated when they are free and they are manipulated when they are heavily regulated by government. If you choose to be involved in the markets, you should accept this reality. If you cannot accept this reality then you should get out of the markets and never return. If you try to change this reality by advocating greater government regulation of the markets then you are part of the problem. Manipulating a market involves attempting to give yourself an advantage by encouraging the price to move higher or lower. For example, if you wanted to buy you...
    On February 15, 2016 / By
  • Finance 0

    S&P 500 And Nasdaq 100 Forecast – February 15, 2016

    S&P 500 The S&P 500 broke higher during the course of the session on Friday, but we still have plenty of resistance above that could turn this market right back around. Because of this, we are simply waiting to see whether or not there is an exhaustive candle in order to start shorting. We have no interest whatsoever in buying this market, at least not until we break above the 1950 level. That is very unlikely to happen, so we are simply waiting for an opportunity to start shorting this market as it looks so soft. On top of that, most stock markets around the world look very vulnerable, and at this point in time we don’t think that ...
    On February 15, 2016 / By
  • Finance 0

    Japanese Economy Shrinks, Yen Weakens, Nikkei Soars Over 1,000 Points

    For the 4th time in seven quarters the Japanese economy shrank. It appears Japan may be headed for another recession. In response, Prime Minister Shinzo Abe may double down with his Abenomics policies that have clearly failed. That idea was enough to propel the Nikkei up 1,070 points. Japanese Economy Shrinks Again The Wall Street Journal reports Japan’s Economy Shrinks Again in Fourth Quarter. Japan’s economy shrank again in the fourth quarter, the latest confirmation that Prime Minister Shinzo Abe’s growth program is sputtering. The contraction, the fourth in seven quarters, comes at a crucial time for the prime minister’s economic...
    On February 15, 2016 / By
  • Finance 0

    Yuan Strengthens Sharply, Hits 2016 High Against USD

    China’s currency hit its strongest level this year after the PBOC guided it sharply up Monday against a wave of uncertain global financial markets. The yuan hit a 2016 high after the central bank set its official midpoint rate sharply stronger against the dollar and the central bank governor tried to bolster the currency. The PBOC set the yuan at 6.5118 per dollar prior to the market open on Monday, up from 6.5314 on February 5, the final fix before the week-long Lunar New Year holiday. After opening stronger against the U.S. dollar, the yuan traded as much 1.2% higher than the previous close, the largest such move since 2005. It is up ...
    On February 15, 2016 / By
  • Finance 0

    USD/JPY Falls, Nikkei 225 Gains After Japan GDP Statistics

    See how retail traders are positioned in the Yen with the DailyFX SSI. The Yen slightly fell and then quickly rallied against the US Dollar after Japan’s soft GDP statistics crossed the wires. The fourth quarter preliminary print was a contraction of 0.4 percent, lower than the -0.2 percent expectation and the prior’s reading of 0.3 percent growth. The annualized figure for the same period was a decline of 1.4 percent, worse than the -0.8 percent consensus forecast and the revised prior of 1.3 percent. The Nikkei 225 index gapped higher when the Japanese stock market opened ten minutes after the news-flow. The safety-linked Yen has bee...
    On February 15, 2016 / By
  • Finance 0

    Currencies Starting To Post A Recovery

    Following a modest retail sales print on Friday, the US Dollar was seen posting a correction and by early Asian trading, most of the USD Crosses are pulling back off their recent highs. The correction however only signals a pullback to the trends which are likely to be established provided prices manage to find support at the identified levels. EURUSD Daily Analysis EURUSD (1.12): EURUSD closed on a bearish note on Friday following the failure to break above 1.13 resistance. Price action is currently bearish but a daily close below Friday’s low of 1.1213 is needed for further downside. Price action is biased to the downside on the break...
    On February 15, 2016 / By
  • Finance 0

    Daily Market Analysis Video – February 15, 2016

    With almost nothing to move the markets during the session on Monday, we believe that it will be a very technically driven session. Because of this, the markets should continue to follow the overall trends, and that opens up quite a few trading possibilities. 1 – Although energy markets are starting to show signs of life, we think this will be short-lived. After all, the markets should continue to follow the longer-term trend. This market has been sold off rather drastically, and as a result we feel that energy will offer put buying opportunities going forward. If you do decide to take call based positions, you will have to be very quick ...
    On February 15, 2016 / By
  • Finance 0

    China Exports Crash Most In 6 Months Despite “Devalued” Yuan

    Despite the weakening of the Yuan, China exports collapses 6.6% YoY in January (massively missing the 3.6% increase expected). Imports continued their 15 month series of collapses with a 14.4% plunge (again drastically worse than the 1.8% increase expected). This pushed the trade balance to a record surplus CNY406bn. In Yuan terms it’s ugly… Both imports and exports were worse than the lowest forecast of all professional economists… But in USD terms it’s a disaster… Of course, between Japan’s disastrous GDP and China’s trade collapse, this is great news for those demanding moar as excuses for extr...
    On February 15, 2016 / By
  • Finance 0

    Financial Crisis 2016: High Yield Debt Tells Us That Just About Everything Is About To Collapse

    Did you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone? With interest rates at record lows all over the world in recent years, investors that were starving for a decent return poured hundreds of billions of dollars into high yield debt (also known as junk bonds). This created a giant bubble, but at first everything seemed to be going fine. Defaults were very low and most investors were seeing a nice return. But then the price of oil started crashing and the global economy began to slow down significantly. Energy company debt makes up somewhere between 15 and 20 percent of the ju...
    On February 15, 2016 / By