Hello, Capital growth… Isn’t that why we’re traders in the first place? So, why is it hard to learn the truth about growing your account? I guess it’s because the truth isn’t…
More Spending is Always the Answer
Last week, the House approved another increase in the national debt ceiling. This means the government can borrow $1.9 trillion more to stay afloat and avoid default. It has been little more…
Crude Oil Remains Supported in European Morning
Crude oil continues to trade around 71/72 while gold hovers around 1070/1075 in European morning. Stock markets and the euro also stabilize after the slide last Friday. Oil demand in China looked…
Correlation Between Oil and Stock Markets Rises Again
Although oil prices stabilize after tumbling Thursday, the near-term outlook remains weak. The front-month contract of WTI crude oil price is hovering around 73 in European session as stock markets continue to…
Renewed Concerns on European Debt Defaults Weigh on Risky Assets
Investors dump risky assets amid renewed concerns about sovereign default risks in European countries. In Greece, although the government’s plan to reduce deficit received support from the European Commission, it is opposed…
Crude Rebounds as Strong European PMIs Halt USD’s Rally
Crude oil rebounds to 73.2 in European morning in tandem with the equity market as strong manufacturing PMI readings in European countries boosted sentiment and buying interest in the Euro. The White…
Fed’s Currency Swap Lines: A BIG deal for the Dollar
The Fed met this week on monetary policy. It was a bit of a snoozer. What wasn’t a snoozer, however, was what they’ve included in their recent monetary policy statements regarding currencies….
Weekly Fundamental Outlook for Energies and Metals – Worries about Contagious Sovereign Risk Damped Sentiment
Macroeconomic events were the focus of last week and strength in USD put commodity prices under pressure for the second week. The USD index gained +1.5% last week as concerns about sovereign…
Bernanke’s Burn Notice – Why Now? Research Reveals Insight Into Fed Chairman’s Popularity
By Elliott Wave International Like a spy who gets a burn notice, Federal Reserve Chairman Ben Bernanke has suddenly lost his support. Bernanke has gone from being Time magazine’s Man of the…
Gold, Silver, Platinum…W.T.F.?
Brad Stafford here in place of Adam Hewison and I have a great new video for you. I’m sure many of you read that title and your mind went in the gutter,…