Euro-Zone GDP in Line With Expectations, Greece Back in Recession

The Euro traded sideways to slightly lower versus other majors after today’s GDP figures showed a rise in Q4, Greece slipped back into recession.

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Financial Meltdown 2008-style in 2016?

As the global market crisis continues, the danger posed by this crisis to the U.S. economy continues to be underestimated by economists and central bankers.  A report recently showed that U.S. job openings surged in December and the number of American voluntarily quitting work hit a nine-year high.  According to the report, this data points to “labor market strength despite a slowdown in economic growth.”
Further commenting on the supposedly improving labor market, Reuters stated: “The signs of a robust jobs market could ease concerns about the health of the economy, which were underscored by other reports on Feb. 9 showing a drop in small business confidence in January to a two-year low and further declines in wholesale inventories.” 
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The FTSE 100 Digests Its Losses

Risk-aversion in the financial markets is abating which lifts the FTSE 100 and it seems fair to expect the FTSE 100 to digest its losses today.

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Don’t Keep Your Personal or Financial data on a Windows 10 Machine!

Well not if you want to keep it private. Like many people I was surprised at the Edward Snowden revelations a few years ago. Nothing has seemed to change and in many cases things have got worse. Some corporations are in partnership with government agencies in regard to collection of data. Whilst the government has the right to collect data to try and protect is citizens from harm, in my opinion this data collections has gone way too far and is now breaching personal liberties.
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Silver prices Trading At A Discount To Gold

Silver prices are bullish above the February 2 low of $15.11, and I anticipate that trend following traders are likely to use a pullback to the $15.48 mark (yesterdays’ breakout level) as an opportunity to add to their bullish exposure.
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Is Deutsche Bank the Next Lehman Brothers?

Nathan McDonald writes: Has the crash begun? The similarities between the current market environment and those seen in the 2008 economic crisis are scary to say the least. Investors are panicking and for good reason – signs that another Lehman-style crisis may be on the horizon.
Deutsche Bank is the one in question. This German banking powerhouse has had its liquidity called into question and is now on the fence, being attacked from all sides as article after article is released pointing to the dangers the bank now finds itself in.
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USDOLLAR Nears Major Technical Break; Don’t Trust the Euro

Markets now think there is a greater chance of a rate cut than a rate hike at the March FOMC meeting.
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HUI Gold Stocks …Meet Me at The Bottomz Inn ?

This is the Question on Everyone’s mind .
Earlier this week we looked at the expanding triangle as a possible reversal pattern as it was testing the top rail with a beakout gap. The next two days saw the HUI decline back down to the top of the double bottom hump at 139 where it found support. Yesterdays price action took out the top rail of the expanding triangle again. Today the HUI backtested the top rail around the 155 area and is bouncing. There is no doubt the PM complex is overbought but we now have two possible reversal patterns in play. The double bottom which was the first pattern that showed itself and now the expanding triangle which has an odd number of reversal points, five, which makes it a reversal pattern instead of a consolidation pattern.
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Austrian Money – Austria Coins in Circulation

This is an image showing the coins which are currently used as money in Austria. This Austrian coinage is part of the monetary system used in Austria. Page 6. View full post on About.com Coins: What’s Hot Now

USD/JPY – The Abenomics Test

USD/JPY tests key psychological support, will Japanese authorities intervene?
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Gold New Bull Market on Track

Last week we focused on the gold stocks. There was more initial evidence of a new bull market there than in Gold. However, Thursday Gold erased some doubts as it rocketed above $1200/oz and to as high as $1264/oz before settling a bit lower. That move puts Gold’s recovery on par with those following past major lows and offers greater confirmation that a new bull market is underway.
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The CAC40 Rallies After Yesterday’s 4.1% Decline

The CAC40 has opened higher this morning, with French shares attempting to rebound from yesterday’s 4.1% decline.
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Investors Are Flocking To Gold Like There’s No Tomorrow – Forbes


Forbes
Investors Are Flocking To Gold Like There's No Tomorrow
Forbes
This week alone, investors plowed $1.6 billion into precious metals (which includes gold as well as silver, platinum and more), according to Bank of America Merrill Lynch. In the last five years, there has only been one other week with bigger inflows

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SPX Challenging its Orthodox Broadening Top Formation

SPX at the hourly level is still challenging its Orthodox Broadening Top formation. Earlier I had reported that I was expecting two Primary Pivot days. The first was Wednesday where SPX made the Wave B high at 1881.60. The second was today, where it appears to be making a Wave [ii] high that may be complete at 1864.28.
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WTI Crude Oil Price Forecast: Oil Bounces 12% Off A 12 Year Low

WTI took a sharp tumble lower below prior support toward a $25 handle alongside the US Dollar only to bounce 12% on hopes of a producer cut.
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