Whatever the merits of the blockchain (the underlying technology for digital “crypto-currencies”), the fact remains that crypto-currencies are not fiat money and they have no endorsement at a nation state level. Consequently, all are vulnerable to a whim of a
September 9, 2018
Fundamental Forecast for Gold: Bearish GOLD TALKING POINTS: Gold struggles to retain the advance from the 2018-low ($1160) as the U.S. Non-Farm Payrolls (NFP) report sparks a bullish reaction in the dollar, and the current environment keeps the precious metal at risk for
US trade data with China makes it increasingly likely Trump will increase tariffs on China. Bloomberg reports China Trade Outlook Darkens as Trump Threatens Total Tariffs. Trade data for August released Saturday echoed both the cause and effect of the standoff
Excluding the performance of the Brazilian stock market which rallied almost 3% for the week, global equities including US equities were down, led by the NASDQ 100 at -2.78 %. A failed assassination attempt of a presidential hopeful seemed to
President Donald Trump has repeatedly told the American people his trade war pitch:“Tariffs are the greatest!” Except they are not — and a new report from the Associated Press (AP) indicates tariffs are stirring uncertainty at many US points of entry for
Several markets could be at significant turning points. The stock market (SPY) is pulling back, and I see the potential for a bull trap top and an intermediate-term decline. If established, that could trigger an accelerated breakdown similar to February
This week is likely to see a good amount of activity in the market. It will probably be dominated by central bank input for the British Pound and the Euro, as well as a slew of key British economic data
Dollar/yen was unable to hold onto its gains as dollar strength was substituted by a risk-off atmosphere that benefits the Japanese yen. Tariffs remain in the limelight but we also have US inflation and retail sales in the mix. USD/JPY fundamental movers The
Before you roll your eyes, there are no stupid questions, remember? Bitcoin has shown itself to be highly volatile since its creation, granted. Yet, it’s not entirely unrealistic that we can overcome Bitcoin’s volatility. Let’s remember that it hasn’t even reached its
Yikes. Last week’s setback was the worst weekly loss for the market since March… a factoid made even more alarming by the fact that we only saw four trading days last week. One more day could have upped the
