By Sasha Cekerevac Last week’s testimony by Janet Yellen, President Obama’s choice for the next head of the Federal Reserve, was quite interesting. What I also found fascinating was the reaction in various markets. Yellen was testifying in front of the Senate Banking Committee, and when asked about the possible formation of bubbles as a…
By Zak Mir. Although many more established market commentators can turn their noses up at penny stocks, I often find that the technical analysis I offer which generates the most traffic is usually about the tiddlers. It seems to me that your average trader isn’t so bothered about the direction gold or Sterling are heading…
By Mohammad Zulfiqar, BA The Federal Reserve has been very accommodative. Its goals are very simple: it wants economic growth in the U.S. economy. As a result, the Federal Reserve is taking extraordinary measures, printing $85.0 billion a month and using it to buy U.S. bonds and mortgage-backed securities (MBS). The hope is that the…
By Dominic Picarda. Not very much is happening in the indices, which I see as supportive to my bullish case. How so? When markets go sideways or drift mildly lower after strong gains, it’s usually a precursor to a renewal of the prior uptrend. That is just what I am expecting to occur, and probably…
As if we needed it, last week we were served further evidence of the precarious position policy makers find themselves in and the poor state of journalism covering this crucial issue, which is likely to define several generations. This all took place in the events surrounding Janet Yellen’s confirmation hearing before the Senate Banking Committee…
One of the most amazing things occurred the other day: a former Federal Reserve official apologized for being part of the quantitative easing program! Andrew Huszar was an integral member of the Federal Reserve team put in place to launch the most aggressive, unprecedented quantitative easing program in the history of America. Much of what…
By Filipe R. Costa If we pay attention to the official propaganda of governments and central banks around the world then our greatest fear should be of deflation. In this low growth environment of ours, our leaders are making every effort to ensure we don’t succumb to this apparent threat. They have used this financial…
By Zak Mir. Dow, S&P: The Runaway Move As things stand in the wake of Fed Chairwoman in waiting Janet Yellen’s predictably dovish comments on QE, we have the prospect of a runaway move to the upside for the main U.S. equity markets. This is of course over and above any normal seasonal cheer/year end…
With Janet “Yellanke” seemingly underpinning what has been dubbed QE “infinity” well into 2014 during her inaugural testimony last week, reports out from the COT data release that net longs of gold futures were cut by a dramatic 32k contracts last week to 55k – only modestly higher than the lows seen in early summer…
By Filipe R. Costa On November 7th the ECB cut eurozone interest rates to 0.25%, their lowest level ever. OK, so eurozone rates have only been around for the last fifteen years or so, but in the context of current policy of the other major OECD nations this fits the pattern of historical lows. With…
