Quote of the day: “Real stupidity beats artificial intelligence every time.” ~ Terry Pratchett Good morning. Global markets recovered yesterday and the risk sensitive currencies followed, but the best performers were the CHF crosses, such as EURCHF which rallied over 6 big figures after SNB’s Jordan said that they are considering a temporary peg of Read More
- Continue reading: Swiss Franc Retreats; Euro Under Pressure
Another day is gone and you’re probably tired after all the wild swings in some currencies, especially the Swiss Franc. Here are some good reads you should look at: Desperate Swiss eye euro peg to repel safe-haven flood (Telegraph) Desperate Measures (Bruce Krasting) Irony Alert: If This is 72 Hours of Central Bankers Trying to Save the World, Read More
Hello. Markets failed to continue yesterday’s gains as the European selloff resumed. Now that the European markets are closed, the S&P500 is finding some bids into 50% retracement zone of yesterday’s full recovery. Anyway, the recovery is modest as there aren’t many buyers around – fear and panic being too high these days. Here’s a Read More
Quote of the day: “Society, my dear, is like salt water, good to swim in but hard to swallow.” ~ Arthur Stringer Good morning. Some huge moves have taken place yesterday especially in CHF pairs – EURCHF collapsing to as low as 1.0065 – a few pips away from parity, from earlier top at 1.0800. Read More
- Continue reading: Markets Recovering, Swiss Franc Out of Control
Hi there. Here’s a short list of interesting readings before the FOMC event: Why This Crisis Is Different From the 2008 Financial Crisis (WSJ) Fed May Boost Stimulus Pledge (Bloomberg) What to expect from Ben and the FOMC? (Oanda) You know the world has gone mad when… (Macro Man) Two Previews The FOMC Rate Decision Later Today, In Which Goldman Read More
Quote of the day:“Nothing is more admirable than the fortitude with which millionaires tolerate the disadvantages of their wealth.” - Rex Stout Good morning. Unless you’ve been on a holiday until.. now!? and you didn’t have TV, Internet, newspapers or people talking around – you can’t really have escaped the fact that the global markets are Read More
Hello. Stocks and many currencies are in free-fall, Gold – that thing Bernanke called “not money” – is changing hands at over $1,700 as the markets are, again, out of control. Here are some charts you should keep an eye on: S&P 500 – As you can see in the chart below, we are retesting support Read More
- Continue reading: Charts of Interest: Falling Markets 8/08/11
It’s time for some weekend fun. Today I bring you a screenshot of the most “advanced” market forecasting tool. I suspect it is actively used by many “experts”
- Continue reading: Weekend Fun: The Ultimate Market Forecasting Software
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