Bad loans are a real problem for European banks, as the ECB has often stated. According to its own data, non-performing loans (NPLs) amount to close to €1 trillion on the Euro zone banks’ balance ...
USD index as we know is negatively correlated to the EURUSD, so as we think that price may unfold a flat pattern on EURUSD, then we also have to be prepared for a possible flat on the USD Index. Here ...
Asian stocks are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.17% while the Hang Seng is up 0.95%. The Nikkei 225 is trading up by 0.4%. Meanwhile, TheÂ...
Two days before the February 5 volmageddon, and before everyone became an overnight expert on inverse VIX ETFs, CTAs an risk-parity funds, we showed two charts which we explicitly said presaged a...
If a currency can’t be converted on demand into the underlying commodity, it’s not “backed by oil,” it’s just another form of control fraud. The broke and broken country ...
Once the sick man of the global economy, Europe’s system had roared back in 2017. According to the narrative, everything is right right now on the Continent. Manufacturing couldn’t possibly be any...
How are U.S. companies responding to having less of their revenues taxed by Washington D.C. after the passage and implementation of the Tax Cuts and Jobs Act of 2017? As we’ve seen throughout th...
USDCAD extended its upside movement from 1.2450 to as high as 1.2757, breaking above 1.2688 resistance. Further rise could be expected in the coming days, and next target would be at 1.2800 area. Supp...
S&P 500 The S&P 500 initially rally during the trading session on Thursday but continues to find trouble at the 20 SMA. At this point, I think the market is going to continue to bounce aroun...