The EUR/JPY pair slid below the 130 handle during the day on Wednesday, but found enough buying pressure underneath to turn things around and form a hammer. The hammer of course is a very bullish sign but I think this
November 26, 2015
Let’s start our examination of the U.S. dollar (USD) by recalling the chart from my August 2014 essay, Why the Dollar Could Strengthen—A Lot. At that point, the USD had moved modestly off its lows, and had yet to challenge long-term
The Paris terrorist attacks have inevitably complicated the politics of both immigration and U.S. action in the Middle East. The tragedy brought home to people that Middle East terror can’t simply be ignored and left to fester. If it grows,
If you listen to the top central bankers of the world talk for long enough you will come away with the impression that central banks are attempting to give us “price inflation”, as if rising prices were beneficial. However, nobody
The EUR/USD pair initially fell during the day on Wednesday, but found enough support near the 1.0550 level to turn things around and form a bit of a hammer. This of course is a very positive sign, but quite frankly
The Eurozone is showing signs of a speedy recovery as evident from the four-and-a-half year high expansion in its business activity for the month of November. According to a flash estimate by data firm Markit, the Eurozone purchasing managers’ index
With bond yields hitting ever-increasingly negative levels and stock prices inexorably rising on a wave of real and promised liquidity from Draghi, one could be forgiven for believing the hype about Europe’s recovery (had we not seen decades of failure
Written by Brendan Byrne Continued low oil prices and the war in Yemen have hit Saudi Arabia’s budget so hard it is creating a special office to oversee government spending and cut waste. On Monday, the Saudi Press Agency published an item noting
In the last trading session, U.S. stocks delivered a mixed show as the market got cues of an improving U.S. economy on an upward revision of Q3 GDP data on the one hand and heightened geopolitical tension on the other
The alarm bells were blaring in Silicon Valley last week when digital payments processor Square Inc. (SQ) priced its IPO at $9. That’s a 25% discount to the midpoint of the proposed $11 to $13 per share range – and a hefty 42% lower
