EURO HITS 1.16 – TIME TO SELL? WHAT IS WHAT FOR THURSDAY?

IS JUST THE BEGINNING!! THE WORST IS YET TO COME!!  The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several...

USD INDEX HEADING FOR $94; TRUMP HEALTH CARE ANOTHER FLOP?

The greenback took another hit on Tuesday after the Republican health-care bill aimed at replacing Obamacare failed to get enough backing to proceed to a debate. The dollar index, which measures the greenback against a basket of currencies, extended its recent tumble, falling as low...

NZD CRASHES; WHAT’S NEXT FOR NZD?

If you listen to the experts, the Reserve Bank is under mounting pressure to lift interest rates. Among the handful who a fortnight ago were predicting a cut this year, almost all have changed their tune and, suddenly, the chances of an official hike before...

AUD, NZD AND GBP GOES TO ACTION; WHAT IS WHAT FOR TUESDAY?

NZD PREPARES FOR A FALL; Banks are dialling back their forecasts for inflation which they now believe has fallen below 2 per cent. Statistics NZ will report the inflation figure for the year to June 30 on Tuesday. The Reserve Bank forecast in May that the rate would come in at 2.1 per cent,...

ETHEREUM AND BITCOIN VS. GOLD; EXCITEMENT FOR GOLD JUST STARTED.

GOLD will be back for a revenge against the CRYPTO currencies. The sell-off in both Bitcoin and Ethereum continued Friday, as investors appeared reluctant to take advantage of the dip in both cryptocurrencies amid bearish sentiment. On the U.S.-based GDAX exchange, BTC/USD fell to $2199.4,...

THE PATTERN OF ANOTHER CRISIS? TRADERS IGNORES THE RISK. GOLD VS. AUD.

WILL THERE BE ANOTHER FINANCIAL CRISIS? Fed Chair Janet Yellen, in testimony Thursday before Congress, walked back comments she made recently that there would not be another financial crisis “in our lifetime.” Instead, the central bank chief said banking regulations have made another crisis significantly...