"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •274 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 939.20 | -17.40 | -1.82% |
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WTI Crude •10 mins | 62.14 | -4.81 | -7.18% |
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Gasoline •10 mins | 2.056 | -0.109 | -5.01% |
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Ethanol •274 days | 2.161 | +0.000 | +0.00% |
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Silver •274 days | 30.82 | +1.16 | +3.92% |
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Silver • 274 days | 30.82 | +1.16 | +3.92% | |
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Copper • 274 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 65.53 | -4.61 | -6.57% | |
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Natural Gas • 10 mins | 3.998 | -0.140 | -3.38% | |
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Heating Oil • 10 mins | 2.081 | -0.108 | -4.92% |
An economic slowdown in many…
This aging bull market may…
Modern monetary theory has been…
EUR/USD appears to have entered a short-term consolidation phase which is favoured to yield a lower high versus the recent 1.2443 double top.
Failure to remain below 1.2443 will suggest a stronger recovery higher. We now look for a break back over 83.508 (02/08/2012 high) in the USD index which will then warn of a fresh leg higher to break over the annual high at 84.100.
Longer-term a return to the 1.1000 region in EUR/USD, close to multi-week channel support, remains feasible.
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