Please try another search
The foreign exchange market is quiet. Ranges are narrow, with the US dollar mostly consolidating against the major currencies. Given the push lower yesterday, the shallowness of its recovery warns of...
Italian referendum impact lasts hoursThe Italian shock lasted about 3 hours yesterday morning and the euro found itself stronger on the session alongside European debt and global equities. Chaos and...
A trading link has been opened between the Hong Kong and Shenzhen stock markets on Monday. The news was overshadowed by the Italian referendum and Trump’s twitter rant criticising Chinese...
GBP/CADToday’s support: - 1.6828 and 1.6782 (main), where correction is possible. Break would give 1.6740, where correction also may be. Then follows 1.6706. Break of the latter would result...
“It makes you feel happy like an old time movie.” – The Lovin’ Spoonful, Do You Believe in MagicThe stock market did indeed back off a bit last week, not that it means really...
by Eli WrightTo everyone's surprise, “Quitaly,” the rubric bestowed on the result of Italy's “no” vote during Sunday’s constitutional referendum, didn’t have the...
CurrenciesEUR/USD – saw a strong rebound and reached the highest level in nearly a month amid a short squeeze. Again we see here that when the expectation is confirmed, we see the opposite...
A Very Odd Growth Spurt in the True Money SupplyThe growth rates of various “Austrian” measures of the US money supply (such as TMS-2 and money AMS) have accelerated significantly in...
German factory orders should show a welcome rebound in today's October update Economists look for 0.3% growth in today’s revised Eurozone Q3 GDP report Analysts see a strong rebound for US...
It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors...
Australian dollar remains steady in range after RBA left the cash rate unchanged at 1.50% as widely expected. Nothing new is be unveiled in the statement. The central bank maintained a neutral stance...
Euro records gains!After Friday’s jobs data and the referendum in Italy, investors’ attention will now shift to the Bank of Canada (BoC) and the European Central Bank (ECB), which are...
If we compare Australia with major world economies, we see a very nice picture. The country has low a unemployment rate, low inflation and low government spending, accompanied by one of the fastest...
On Sunday, Italian voters rejected by a wide margin a constitutional reform put forward by Prime Minister Matteo Renzi. The result plunges Italy into a likely period of extended uncertainty and...
In this past weekend’s missive, I said: Following the election, the market has surged around the theme of ‘Trumponomics’ as a ‘New Hope’ as tax cuts and infrastructure...