Markets

Jan 28, 2015 at 15:07

AUD/USD is bouncing. However, the shortterm technical structure is negative as long as prices remain below the hourly resistance at 0.8054 (23/01/2015 high). Another resistance can be found at 0.8136.…

Jan 28, 2015 at 01:35

In short: no speculative positions. The Winklevoss twins seem to be connected to everything about Bitcoin that has hit the media recently. This is an exaggeration but the brothers have…

Jan 28, 2015 at 01:30

The drop in the Yuan over the past 2 days is the largest against the US Dollar since Nov 2008 as USDCNY nears its highest (CNY weakest) since mid-2012. What…

Jan 28, 2015 at 00:57

The late technician, George Lindsay described an 8-year interval as part of his 22-year Overlay (An Aid to Timing, SeattleTA Press, 2012). He wrote that the high (or "moment of…

Jan 28, 2015 at 00:31

The term gets tossed around a lot, but the meaning and consequences of a "currency war" aren't intuitively clear to most people. Especially confusing is the idea that you lose…

Jan 27, 2015 at 17:43

In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing…

Jan 27, 2015 at 17:31

Bank economists and bearish gold gurus continue to err, on their gold price predictions. The huge declines they promised in 2014 on the taper never materialized.

Jan 27, 2015 at 15:45

USDJPY is moving down at the moment, following very bad US Durable Goods Orders (-3.4% vs 0.6% exp.). Based on a very strong decline at the moment, we suspect that…

Jan 27, 2015 at 14:38

EUR/CHF is digesting the recent massive selloff. Todays move halts succession of lower highs suggests increasing selling pressures. However, bullish move to 1.0385 has already reversed. A key support stands…

Jan 27, 2015 at 01:34

Briefly: In our opinion speculative short positions (half) are currently justified from the risk/reward perspective. Gold's rally took place along with the U.S. dollar's rally and this was encouraging for…