Markets

Dec 11, 2014 at 06:18

A small red candlestick on the daily Elliott wave chart changes the wave count at the hourly chart level. The overall mid term target remains the same, and the trend…

Dec 11, 2014 at 06:00

AUD/USD is bouncing. However, the hourly resistance at 0.8372 (see also the steepest declining trendline) has held thus far. Hourly supports can be found at 0.8265 (10/12/2014 low) and 0.8224.…

Dec 11, 2014 at 05:58

There's one way and one way only to stop police abuse: Criminally prosecute it, then allow civil penalties.

Dec 10, 2014 at 17:39

Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. Although crude oil hit a fresh multi-year low after the market's open, the commodity rebounded in the…

Dec 10, 2014 at 17:33

As I expected, OPEC decided it's time to play "chicken" with non-OPEC oil producers, specifically shale oil producers in the US. As I noted a month or so ago OPEC…

Dec 10, 2014 at 15:29

Remember in the early part of the last decade, long before he was appointed the Chairman of the Federal Reserve, Ben Bernanke penned an article that caught widespread public attention…

Dec 10, 2014 at 11:22

I just saw this interesting article in Econbrowser called "New estimates of the effects of the minimum wage." It is both good news, and bad news.

Dec 10, 2014 at 08:13

Most people know very little about the true economics in the solar and wind industry. Even less understand the cryptic disclosures in an SEC filing of reports from FERC. Yet…

Dec 10, 2014 at 07:36

The FX market is very slow for the last couple of hours with EURUSD holding above 1.2360 support, while metals are showing some weakness at the moment and metals are…

Dec 10, 2014 at 06:23

During last week's Mines & Money conference in London I gave an interview about the outlook for gold and silver. Please click Interview with commodity TV - 4th of December…