Where Will Oil Prices Go After Algiers?

Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are […]

Education After the Collapse – School When There Is No Classroom

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Gold Prices Lose Steam After Post-FOMC Rally, May Turn Lower

Gold prices stalled after posting the largest gain in two weeks and my turn lower as Fed commentary stokes December rate hike speculation. View full post on DailyFX – Feeds all

Weekly Trading Forecast: Where to for FX Market after Fed and BoJ Adjust, Volatility Cools?

We have passed two weeks of fireworks in volatility and event risk. Will conditions simply settle as they did in July and August; or has a permanent shift been put into motion? View full post on DailyFX – Feeds all

Canadian Dollar Snaps Winning Streak, Tanks after CPI, Retail Sales Miss

USD/CAD had lost ground for four consecutive days, until soft inflation and retail sales data today offered a downbeat assessment of the Canadian economy. View full post on DailyFX – Feeds all

USDOLLAR – Short Term Support Line Test after FOMC

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Gold Prices Pop after Fed, But Remain in Bearish Channel

Gold prices caught another quick and aggressive top-side move yesterday as USD sold off on the Fed, but this might not be a lasting move and Gold prices are still in the two-month old bull flag formation. View full post on DailyFX – Feeds all

PRECIOUS-Gold down on profit-taking; stocks rally after Fed holds rates – Reuters

Economic Calendar PRECIOUS–Gold down on profit-taking; stocks rally after Fed holds ratesReutersHoldings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.60 percent to 944.39 tonnes on Wednesday. Among other precious metals, spot silver was down 0.3 percent at $19.75 an ounce after touching a two-week high early …Silver Prices Hit Two-Week Highs On […]

DAX: Bouncing After Break, Turn Lower Anticipated

Bouncing after breakdown to end last week, shouldn’t climb much higher if more to go on the downside… View full post on DailyFX – Feeds all

Australian Dollar Declines After Disapointing Jobs Report

The Australian Dollar traded slightly lower against its US counterpart after disappointing labor-market data crossed the wires, showing the economy lost jobs in August. View full post on DailyFX – Feeds all

New Zealand Dollar Drops After Disappointing 2Q GDP Data

The New Zealand Dollar declined after second quarter GDP data disappointed relative analysts’ expectations, possibly fueling RBNZ rate cut speculation. View full post on DailyFX – Feeds all

GBP/USD Down, But Quickly Recovers After UK August CPI Miss

The British Pound was little changed versus other majors after an initial drop following today’s lower than expected inflation figures View full post on DailyFX – Feeds all

Crude Oil Eyes API Data After Selloff Stalls on OPEC Deal Hopes

Crude oil prices bounced after dipping back below the $45/barrel figure as OPEC stoked hopes that an output freeze deal will emerge from a meeting in Algiers this month. View full post on DailyFX – Feeds all

Global Stocks, Bonds Fall Sharply – Gold Consolidates After Two Weeks Of Gains

Global stocks and bonds fell the most since the Brexit panic today as recently dormant volatility came back with a vengeance.  There are deepening concerns that global central banks’ ultra loose monetary policies have been ineffectual and may indeed be creating asset bubbles in stock, bond and indeed property markets internationally. View full post on […]

The Meaning of 911 Fifteen Years After

What kind of an American are you? Will you mourn the dead or will you celebrate the government as protector of national security? For thoughtful and historically balanced realists the correct reaction is that the last remnants of the Republic collapsed with the twin towers and burned with the response from the Pentagon fire. Most […]