Markets

Mar 20, 2015 at 06:59

The HUI/Gold ratio looks a bit better but certainly nothing to write home about. Consistent with the weak-showing in this ratio, gold is struggling to breach overhead resistance on its…

Mar 20, 2015 at 06:30

EUR/CHF is drifting lower and is now close to the hourly support at 1.0515 (see also the low of the declining channel). Another support can be found at 1.0414. Hourly…

Mar 19, 2015 at 23:57

Yesterday, Ms. Yellen said that the Federal Reserve will likely raise interest rates later this year, but it will not occur after the FOMC next meeting in April. She also…

Mar 19, 2015 at 23:45

Yesterday's FOMC was bullish for most assets, as the FED indicated it was not ready to beginning raising rates. The FED's ZIRP policy, designed primarily to encourage lending and speculative…

Mar 19, 2015 at 23:33

In the closing months of 2014, Germany faced a difficult dilemma. Although its own economy was holding up well, incoming data showed that the rest of the Eurozone was rapidly…

Mar 19, 2015 at 18:11

The Fed lost patience. Well they did not so much as lose patience but they dropped the word "patient" in their "guidance" language. It seemed to be widely expected that…

Mar 19, 2015 at 14:22

Financial Repression is an experiment that " is flawed in terms of the economics behind it. I don't think it does much to help elevate aggregate demand (spending power) and…

Mar 19, 2015 at 13:34

Interest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists believe that the interest rate is…

Mar 19, 2015 at 13:26

Until the latest pullback on Wednesday, the U.S. dollar index had been on a rip-and-tear for most of this year. Earlier this week the dollar hit a new multi-year high…

Mar 19, 2015 at 13:00

The main U.S. stock market indexes gained between 1.1% and 1.3% on Wednesday, extending their recent move up, as investors reacted to the Fed's Decision release. The SP500 index got…