Forex Signals

Having presented a unified front through much of the ongoing European debt crisis, the recent intervention by the European Central Bank in the sovereign bond markets has led to a major disagreement between France and Germany. In a nutshell, France wants to see the ECB do more to keep the lid on bond yields, while [...]

This morning’s CPI reports showed that last quarter’s inflation was contained and as expected, yet that news helped propel oil prices to over $100.  The chart below shows the price spike that occurred at exactly those announcements at 8:30AM EST.
Why would that happen?   The answer is that inflation, particularly in commodites is coming.  The Fed’s [...]

Quotable
“It is better to be looked over than overlooked.”
                                    Mae West
Commentary & Analysis
Our Wave View is Scary – 5,100 on the Dow before this is over!
It didn’t matter which market we were watching – currencies, commodities, stocks – they had become oversold after a plunge throughout the month of September. We expected a bounce and positioned [...]

Quote of the day:“If you can’t do what you want, do what you can.” ~ Lois McMaster Bujold Good morning. It’s been a volatile day in the markets yesterday as the dollar continues to lose ground against its most counterparts. The setups discussed yesterday played out nicely – but let’s see what story are the charts [...]

London Gold Market Report
from Ben Traynor
BullionVault
Friday 2 September, 09:00 EDT
U.S. DOLLAR gold prices rose more than 2% following the start of trade in London on Friday, breaching $1878 per ounce following the publication of weak US jobs data
Nonfarm payroll data published at 8.30am New York time showed the US economy added no jobs in August [...]

Gold has sold off over $200 the past two days, the most we have seen since 1980 after reaching an all-time nominal high of 1913.25.  But is it finished?  The chart below shows that we are pulling back toward the daily S2 pivot support, which is essentailly the same place where we started prior to the S&P [...]

Quotable
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
                          Friedrich Hayek
Commentary & Analysis
Attractive valuations: does that mean Keynes-ja vu all over again?
Hey – you can’t argue against the fact that stocks and commodities are more attractive buys right now than they were [...]

It looked for a nano-second as though we were ending the week with the US heading towards some sort of a workout on the debt ceiling and the European statement of intent enough to correct the market’s near term peripheral vision.
What we hadn’t counted on was just how completely and utterly stupid the Republicans could [...]