USD/JPY broke above the bearish trend line on the daily chart. A further rally to test 107.90 key resistance could be expected next week. A breakout of this level would indicate that the downside movement from 113.75 had completed at
March 11, 2018
President Trump recently lent his support to the Commerce Department recommendation for raising import tariff on aluminum and steel. The new tariff of 25% on imported steel and 10% on imported aluminum will go into effect in 15 days on
Fundamental Australian Dollar Forecast: Bearish The Australian Dollar may lack clear domestic drivers this week If so that will leave the US Dollar resolutely in charge of direction That may well mean the Aussie heads lower, if not necessarily very far The Australian Dollar faces
The EU wants clarity of US tariffs. Trump provides clarity, but the EU is not happy with it. In “frank but fruitless” talks, Trump Provides ‘Clarity’ on EU Tariffs. Hours after European Union trade chief Cecilia Malmstrom said she had “no
Back in early February, after the great volatility explosion which sent the VIX to 50, killed the XIV ETF and which we now know was precipitated by the market’s misreading of the sharp January rising average hourly earnings print (which just as
GBP/CHF The British pound exploded to the upside during the week against the Swiss franc, showing signs of strength yet again. It looks as if the 1.30 level is going to offer support, and I think that pullbacks will bring
In long-term investing one has to keep in mind a typical sequence, during economic expansion the first asset class to top is treasuries. Then stocks top and, finally, commodities. Look at the chart below: source: Stockcharts.com The chart shows
GBP/USD had a relatively narrow range of trading and eventually ended the week higher. The new budget is the main event in a week that will certainly see Brexit talk moving markets once again. Here are the key events and an
Recently, the Energy Information Administration (EIA), the International Energy Agency (IEA) and BP updated their outlooks for U.S. oil production. All of these projections have one thing in common: Over the next few years, U.S. production growth is going to far
The latest GDP forecasts put in a big question of the strength of the economy. Friday’s jobs report looked pretty good, didn’t it? Interestingly, the GDP forecasts did not think much of it, and neither did I. The
