NZDUSD is trading lower, unfolding a new five-wave drop out of a triangle correction located at 0.6834 level. We see three waves to the downside completed, meaning a new ... Read More
This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of ... Read More
While there is no starting-pistol that tells us the final phase of the credit cycle leading into the next credit crisis has actually begun, nearly all the signs ... Read More
No need to mince words anymore. If the futures market still influences gold’s price, then that price is going to spike. And silver is better than gold. Since ... Read More
Crude oil is moving sharply lower after a very nice technical reaction lower from the upper channel resistance line that put highs in play for sub-wave 2) at 69.85. ... Read More
The past few months have added some cred to the “sell in May and go away” rule of thumb for precious metals, as gold’s price action has been both ... Read More
The father of modern macroeconomics was Keynes. Before Keynes there were macro considerations, which were firmly grounded in human action, the personal preferences and choices exercised by individuals ... Read More
Tesla jumped around 10% today and as expected, it remains trapped in a bullish triangle corrective pattern, as long as it’s trading above 245 region. However, we think that ... Read More
Summary In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. ... Read More
Aussie can be unfolding a complex correction within wave 4, which looks more and more as a triangle pattern. A triangle pattern is a five-wave, sideways movement which unfolds ... Read More
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