Looking at this week’s Commitments of Traders Report, notable changes include rising net positions in the USD index and the Swiss franc, and falling net positions in the Australian dollar and gold. Similar to last week, the only asset under
March 18, 2018
EUR/USD The EUR/USD pair initially tried to rally during the previous week but found enough resistance near the 1.24 level. We rolled over to form a bit of a shooting star, which is a negative candle, but there is a
Even if one foolishly believes tariffs can be a good thing, Trump went well beyond any semblance of rational thinking. The Peterson Institute for International Economics (PIIE) reports US Steel Is Already Highly Protected from Imports. The US steel industry
The bulls were able to muster something of a gain on Friday after slowing the bearish train on Thursday. But, it wasn’t enough to undo the damage done earlier in the week. Stocks lost a little ground last week, bringing
I recently asked a group gathered to hear me speak what percentage of the world’s energy is provided by these six renewable sources: solar, wind, geothermal, wave, tidal, and ocean energy. Then came the guesses: To my left, 25 percent;
It is a painful month for cryptocurrency investors, at least the ones that bought high. Ethereum is one of those leading cryptocurrencies which we also consider to evaluate any future price trend in cryptocurrencies. So it’s worth analyzing the Ethereum chart,
AUD/USD broke below 0.7712 support, suggesting that the downtrend from 0.8135 has resumed. A further decline could be expected in a couple of weeks and the next target would be at 0.7500 area. Key resistance is located at the falling
There seems to be some confusion regarding the distinction between trade balance in goods and services (a typical macro variable of interest) and trade balance in goods (more commonly reported, but less and less relevant on its own as countries
Last week, I wrote the following: “… some cycles … suggest that a consolidation should take place over the next few weeks. Minor cycle lows are due next week, and larger ones around mid-April. And then, the all-important 40-wk cycle
