Monthly Archives: December 2017

Venezuela raises minimum wage 40 percent, stoking world’s fastest inflation By Reuters

© Reuters. Venezuela’s President Maduro speaks during an event with supporters in Caracas By Alexandra Ulmer and Corina Pons CARACAS (Reuters) – Venezuelan President Nicolas Maduro announced a 40 percent increase to the minimum wage as of January, a move that will foment what many economists already consider hyperinflation in the oil-rich but crisis-stricken nation. In his televised year-end address, leftist Maduro said the new wage level would protect workers against what he calls Washington’s “economic war” to sabotage socialism. “Good news!” said the former bus driver […]

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EUR/USD: Closes Higher, Eyes Further Upside Pressure

: The pair extended its upside pressure the past week opening the door for gain in the new week. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A […]

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Natural Gas: An Attempt To Map Unnatural Moves In 2018

While I was going through the comments, expressed by my valuable readers, on my last analysis, my focus stuck on an excellent review, expressed by John Fernandez “I have seen some of your analysis. But those made some sense, even though market reacted totally against it. Now your current analysis make no sense, totally against fundamentals and market trend, US is experiencing historic low temperatures and certain part of Pennsylvania already got 5 feet of snow on a single day, tristate already received 4 snow storms and […]

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Oil Nears Major 2015 Pivot, How To Trade It

continues to climb higher as global economic optimism increases and instability in the Middle East continues. Anti-government protests in Iran have helped push oil above $60 per barrel. Considering economic optimism is likely at/near a high and U.S. production is increasing with the price of oil, the pivot high from 2015 at $62.00 is likely a good short opportunity. I expect a pull back off $62.00 back to the $55.00 level of support. Source link

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Commodities Update: Precious And Base Metals Higher; NatGas Lower

Some monthly charts of interest in the commodity sector, including precious metals. The dwells below key resistance. A break of 200 would target around 250 in 2018. CRB/ Ratio shows the utter devastation of the Goldilocks era of Central Bank inflation with no apparent consequences. This is not likely to last. WTI sits below resistance at 62-63, with a target of 75. WTI Crude Oil Monthly Chart is a basket case non-starter. The first step would be to break the red dashed line. After that, lots of […]

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How The Investor Fundamentally Changed The Silver Market

While investors continue to be discouraged about the low price, the market has experienced a fundamental change that needs to be understood. Ever since governments removed silver from official coinage, over 50 years ago, the market has been supplemented by several billion ounces of silver. The majority of that supply has been depleted. The reason the United States and other countries stopped producing official silver coinage wasn’t due to any monetary conspiracy; rather it was based on a straightforward problem; supply versus demand. Because industrial silver consumption […]

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Silver Speculators Reduced Their Net Positions For A 5th Week

Silver COT Futures Large Trader Positions Silver Non-Commercial Speculator Positions: Large metals speculators decreased their net positions in the markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 2,469 contracts in the data reported through Tuesday December 26th. This was a weekly decline of -7,445 contracts from the previous week which had a total […]

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6 Reasons To Bet On USD In 2018

I love the bugs! They’re steadfast in warning that you can’t live on perpetually-expanding debt… or money printing… or zero interest policies. Mainstream economists have been lulled into believing such things don’t have serious consequences, while history clearly says otherwise. Gold bugs aren’t fooled. But that’s where my love for gold bugs ends. They have two fatal failings. The first is that they believe gold is always a storehouse of value… and mostly in inflationary times like the 1970s. It is NOT outside of such strong inflationary […]

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Forex Speculators Slightly Trimmed USD Bearish Positions This Week

US Dollar COT Large Speculators Sentiment Vs UUP ETF net speculator positions stand at $-0.458 billion this week The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators reduced their bearish bets of the US dollar this week. Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar net position totaling $-0.458 billion as of Tuesday December 26th, according to the latest data from […]

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