Platinum at current levels presents tremendous value. The precious metals take turns outperforming and underperforming. In the late 90s palladium went into a bubble while gold, silver, and platinum bottomed out. Then throughout the 00's palladium moved sideways while platinum, silver, and gold all outperformed. I believe we are nearing a similar setup where US...
The S&P to Gold Ratio has effectively traded sideways for the last few years. The ratio has now broken out to the downside. I would say that a 30-80% correction in the stock markets remains a threat despite Fed rescue efforts. I believe over the next several years that gold will outperform the s&p500. Contrary to popular belief, US stocks have not greatly...
The announcement of the Federal Open Market Committee (FOMC) Fed meeting results was the main event. As we expected parameters of monetary policy were left unchanged. As for the comments, the Fed has been extremely positive about what is happening in the US economy recently. At the same time, the Central Bank noted weak inflation indicators, which were perceived...
Fundamentals -HUN eco data is continuously beating expectations, inflation above MNB expectation (3.8%) -> MNB reluctant to raise rates, still dovish -> no real interest on HUF Technical -Channel break -Clear resistance at D1 61.8% Fib level
Fundamentals: CFTC positioning: -72.1K - speculators extremely short on AUD -> often signals change in direction RBA - rate hold expected, personally I believe there will be a hawkish tone -> AUD supportive Core inflation, wages picking up steadily, GDP in Sept above consensus Little carry advantage for Aussie against EUR Technicals +Divergence (7%) from...
Practical Exercise 1) Choose a major central bank from the list above. 2) Identify their goals and mandates. 3) Identify their current and future stance with regards to interest rates and monetary policy. 4) Share in the relevant thread.
AUDCAD Weekly – AUDCAD has been trading within a triangle since the beginning of the year and as we approach the end of summer, traders will be hoping that an increase in volatility will see a break of this triangle. The Aussie Dollar has been one of the strongest currencies this year but the levels it has reached in recent weeks are considered to be overvalued....
August 14, 2016 This is the text from my comments on the charts: January 2015: These levels above 4530-4600 are totally artificial .It was an aberration created by the European Central Bank (Quantitative Easing), which helped the CAC40 hits its long term diagonal resistance before it would collapse. Greece and China were merely excuses. Greek CDS (Credit...
1. *Id say a 6/10 dovish reaction by markets, GBP falling across the board & FTSE gaining. Carney seems contempt with a lower GBP and is happy to continue talking the currency lower in an attempt to use the exchange rate mechanism as a leading instrument to buoy UK economic stability (GDP, CPI, Unemp) against the potential Brexit backdrop; thus I continue my view...