I find it amusing to read some analysts stating that the Chinese government’s stealth yuan devaluation has offset the impact of tariffs. A 10% tariff hurts a small part of the economy. However, a 10% devaluation hurts all Chinese citizens
September 30, 2018
The third quarter of 2018 is about to come to an end and the bull market remains intact. The S&P 500 is up more than 8% so far this year, with some of its stocks near all-time highs and many
This week is likely to be active, as although there is less important data scheduled compared to last week, we will get the U.S. Dollar-related Non-Farm Payrolls data at the end of the week. There will also be a decision
Last week the Dow Jones saw new all-time highs on Thursday and Friday, but this week it saw none, closing the week -1.07% from last week’s close. Is this the pause that refreshes? It very well could be, and then
Summer is long gone. The mood swing in markets last week was attributed mostly to US trade uncertainty and the FOMC rate hike but underneath all of the soggy price action is a feeling that the storyline driving markets in
EURUSD remains vulnerable to the downside following its past week lower close. This development has opened the door for more weakness in the days ahead. On the upside, resistance comes in at the 1.1650 level. A break through there opens
If only Gold were to return to the once-efficient nature of increasing its market value astride the non-stop growth in the stateside money supply (M2) — such debasement in tow with skyrocketing debt and derivatives — we’d have the whole
Gold and silver have been exceptionally weak this year. Gold is now down 6 months in a row. From a short term perspective, this is about as bad as it gets for gold (historically). But here’s a very important point that
Strength in corporate earnings has been a key source of support for the stock market, helping offset to some extent other worries about issues like trade uncertainty and the Fed outlook. The market will be looking for reconfirmation of earnings
USDJPY extended its upside movement from 104.63 to as high as 113.71. A further rise could be expected in a couple of weeks and the next target would be at 115.50 resistance. Near term support is at 112.50, only a
