Latest Posts

  • Finance 0

    EU Session – Bullet Report

    EUR/USD Intraday: key resistance at 1.0885. Pivot: 1.0885 Most likely scenario: short positions below 1.0885 with targets @ 1.08 & 1.077 in extension. Alternative scenario: above 1.0885 look for further upside with 1.0925 & 1.097 as targets. Comment: as long as 1.0885 is resistance, look for choppy price action with a bearish bias. Gold spot Intraday: the bias remains bullish. Pivot: 1110 Most likely scenario: long positions above 1110 with targets @ 1128 & 1135 in extension. Alternative scenario: below 1110 look for further downside with 1104.5 & 1099 as targets. Comment: the RSI is mixed to bullish. Crude Oil (WTI) (H6) Intr...
    On February 1, 2016 / By
  • Finance 0

    Yen Chilled, Asian Stocks Guarded

    The week started off in negative territory as the yen reported wide losses on Monday and the euro struggled for support after the Bank of Japan adopted negative interest rates on Friday, increasing expectations that the European Central bank will ease policy too. The dollar was up 0.2 percent at 121.30 yen after having jumped nearly 2 percent on Friday, its biggest one-day rally in over a year. According to some analysts, the BOJ’s surprise easing was aimed partly at forestalling the yen’s appreciation after the currency strengthened to its strongest in a year last month and the dollar touched 115.97 yen, its weakest since January...
    On February 1, 2016 / By
  • Finance 0

    Yen Chilled, Asian Stocks Guarded

    The week started off in negative territory as the yen reported wide losses on Monday and the euro struggled for support after the Bank of Japan adopted negative interest rates on Friday, increasing expectations that the European Central bank will ease policy too. The dollar was up 0.2 percent at 121.30 yen after having jumped nearly 2 percent on Friday, its biggest one-day rally in over a year. According to some analysts, the BOJ’s surprise easing was aimed partly at forestalling the yen’s appreciation after the currency strengthened to its strongest in a year last month and the dollar touched 115.97 yen, its weakest since January...
    On February 1, 2016 / By
  • Finance 0

    5 Funds To Minimize Risk In Case 2016 Sees A Bear Market

    All the major U.S. indexes are already in correction mode. Whether they will enter the bear market largely depends on the state of the Chinese economy, which continues to be discouraging. The continuous drop in oil prices is also threatening to further drag the broader markets down. These factors have not only resulted in a bloodbath in the U.S. stock market this year but have also dented investor sentiment for some time now. In such a scenario, where the stock market is not very reliable, it will be prudent to buy funds that apply market neutral equity strategies. These funds have little or no correlation with broader market downturns and vo...
    On February 1, 2016 / By
  • Finance 0

    Forecasts For The Weeks Of February 1 And 8

    Here are my forecasts for upcoming economic data....
    On February 1, 2016 / By
  • Finance 0

    Possible Sign Of Silver Turn, Report 31 Jan, 2016

    The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, pound, franc, yen, and yuan. In the common tongue, gold was up $20 and silver rose 25 cents. More importantly, we want to know what happened to the fundamentals. Read on for the only proper fundamental analysis of the gold and silver markets… But first, here’s the graph of the metals’ prices. The Prices of Gold and Silver   We are interested in the changing equilibrium created when some...
    On February 1, 2016 / By
  • Finance 0

    When The Canaries Die, Get Out Of The Mine

    In this time of great economic uncertainty, I am amazed at the indicators people look to for guidance on the future. When miners would take caged canaries down into the mine with them, these birds were a monitor of lethal gases building in the mines. The bird would die before any harm to the miners. They were “leading indicators” as we investors would say. In the coal mine we find ourselves in now, you hear little about leading indicators, however, and a constant babble about either coincident or lagging indicators. For instance, the mantra in market TV and press now is “wages are up” and “employment is OK.”...
    On February 1, 2016 / By
  • Finance 0

    “Stable” China’s Economic Bounce Is Over: PMIs Plunge In January

    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 January, confirming South Korean trade data. While manufacturing continues its contraction (dropping to 49.4, the weakest since Aug 2012), it is non-manufacturing’s plunge from a one-year high “transition is happening, see” narrative to practically the weakest print since 2008. But apart from that all that, China is “stabilizing” according to officials. China’s economy is improving under medium-to high-speed growth,...
    On February 1, 2016 / By
  • Finance 0

    Daily Market Analysis Video – February 1, 2016

    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 before we get some type of serious motion in the day. Because of this, we believe that the stock markets will be highly sensitive to the Chinese numbers it, especially considering that they have been so volatile. 1 – Pay attention to gold, recently it has been a bit of a safety trade, and as a result it could find buyers if we get bad numbers out of China. Ultimately though, we believe it is in an uptrend anyways, so pullbacks will more than likely...
    On February 1, 2016 / By
  • Finance 0

    China Manufacturing Prices Decline 18th Month; China Hoping To Avoid Hard Landing

    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 start of 2016,  with  both  output  and  employment  declining  at  slightly  faster  rates than in December. Total new business meanwhile fell at the weakest rate in seven months, and despite a faster decline  in  new  export  work.  Nonetheless,  lower  production  requirements  led  companies  to cut back on their purchasing activity and inventories of inputs. On the prices front, both input costs and output charges fell agai...
    On February 1, 2016 / By