This past weekend, I was at a barbecue at a friend’s house. While we did talk about such usual topics as the upcoming NFL season as well as the ongoing soap opera that is Alex Rodriguez, one of the questions I was asked was about the Federal Reserve. More to the point, my friend wanted…
Copper made it to our target of 334.25/75 & topped exactly here. Immediate support is 329.25 & is holding the downside but a break lower looks likely for a test of better support at 327.10. Watch for a bounce from here but if trying longs we need stops below 326.00 for 324.20 on the way…
Below is an extract of excellent piece of commentary by John Hussman discussing the market conditions that currently exist and that, more importantly, have previously existed at major turning points in the market. “We can now restrict market extremes matching the present instance to seven instances in history: 1929 (at least on the basis of…
MINUTES WATCHED FOR SIGNS OF DISSENT Minutes to the Bank of England’s (BoE) meeting on 1 August will be released on Wednesday; they are expected to reveal how much support governor Mark Carney had for launching forward guidance – which we know was discussed at the regular meeting held one week prior to the announcement. …
European futures are indicating a slightly higher open as investors look ahead at data for sings the UK and Eurozone are in their recovery stage. Yesterday’s UK GDP data could help towards a stronger case to keep interest rates unchanged after the annual inflation in the UK slowed to 2.8% in July from 2.9% in…
For the August edition of Spreadbet magazine I chose the somewhat unlikely call of a “Buy” of the Euro vs the US Dollar when it was under $1.31, with the initial “Target” being $1.34. The peak so far has been $1.34001, hence the mention now. That it hit my target to the nose surprised even…
Strength in the UK housing market has driven the FTSE 100 higher during today’s session with the benchmark equity index adding some 30 points by 13:00 BST. The Royal Institution of Chartered Surveyors have released data showing that UK house prices were rising at their fastest pace in seven years helping to lift overall investor sentiment. Whilst…
By Investment Contrarians When we enter the 2013 fall season, we will surely be hit with yet more talk regarding government debt. As the U.S. hits the debt ceiling once again, political grandstanding will be the name of the game. While the budget deficit has improved from the depths of the recession, it is still…
If Federal Reserve Chairman Ben Bernanke were a baseball player, I doubt he would be very good. He may be able to drift around the minor leagues, but clearly, he’s not “big league” material. I surely wouldn’t have him as a manager or bench coach either. As some of you know, I love the…
After a fairly stagnant day yesterday the markets look set to open up today on the back of positive global economic news throughout the night. Japan whose economic growth appeared to slow last quarter was leading the MSCI Asia on the back of machinery orders beating forecasts, MSCI Asia up 0.9%. PM Abe is also…
