The market is not looking promising for risk appetite this week. Equities broke down below 1200 on Friday, and they remained under that mark in todays trading. The talk is that the SEC’s investigation into Goldman Sachs is...
Read MoreAUDJPY, USDJPY and CADJPY are all looking like strong buys at this point. Even GBPJPY is beginning to break above its downtrend. And while EURJPY is lagging behind the bunch, the biggest hindrance in the carry trade looks to be...
Read MoreOur friends at the Pragmatic Capitalist write: As the can’t lose market continues to power higher I just can’t help but think about some of the catalysts that lie in our path over the next 24 hours. Investors...
Read MoreThe newest columnist on our favorites list, Ann Brenoff, released a great piece on WalletPop.com about the alleged recovery of the US economy. Using common sense that seems to be disavowed by government-sponsored politicians,...
Read MoreWith the Volatility Index (VIX) posing an intriguing selling opportunity according to Nic Lenoir’s technical analysis on ZeroHedge.com, a large move down in JPY-quoted pairs could be seen over the next couple of weeks if...
Read MoreToday, the committee in charge of declaring the beginning and end of recessions announced that it was too early to declare the current economic slump over. In a statement on NBER.org, the Business Cycle Dating Committee said,...
Read MoreTwo sources inside the European Union have confirmed the EU’s rescue plan for Greece includes a 6% interest rate over the first 3 years and up to 7% if longer. To put that into perspective, the IMF charges 3.6% for loans...
Read MoreThe Japanese yen is falling for many months. After USD/JPY broke an important resistance, it dropped back to the critical line. Here are 3 forces that weigh on the yen and 3 forces that can push it higher. Background: After...
Read MoreEven though the short term relationship between the US dollar and equities hasn’t been too strong as of late, it is still a powerful indicator to watch over the medium term. The S&P is facing some serious resistance at...
Read MoreAfter today’s announcement it is clear that Australia is continuing on its course to tighten monetary policy. The consensus is that they are targeting a 5.25% interest rate, according to a recent Bloomberg article. But,...
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