You are here

Business

Gold Spikes Above Key Technical Level As USDJPY, Bitcoin Tumble

Gold Spikes Above Key Technical Level As USDJPY, Bitcoin Tumble

As European markets closed this morning, all bids disappeared from USDJPY and the pair dropped back below 114.00. In its mirror-like manner, gold reflected this tumble and surged above its 100-day moving average over $1280.

 

As USDJPY rolled over so Bitcoin hit an airppocket at the european close...

Remeber, Japan is currently the most active market for Bitcoin, so one wonders if this is some pre-saging of a general crackdown - despite all signals pointing the other way in Japan.

WTI Spikes Over $57 For The First Time Since July 2015

WTI Spikes Over $57 For The First Time Since July 2015

Having legged higher at the opens of Asia, Europe, and US markets, WTI is extending gains overnight on middle-east tensions...

Brent is trading above $62 amid anti-corruption drive led by Saudi Crown Prince Mohammed bin Salman, which may consolidate his control in OPEC’s largest oil producer, and WTI has pushed above $57 as producers such as Nigeria, Saudi Arabia signal they support a potential extension of OPEC output cuts.

Two Critical Charts For Investing Successfully Over the Next 12 Months

Two Critical Charts For Investing Successfully Over the Next 12 Months

Something truly massive happened in early 2017.

That “something” was the market shifted from deflation towards an inflationary outlook.

If you don’t believe me, you can see for yourself.

Inflation expectations broke out of a multi-year downtrend. Not only that, but  they have since continued higher, bouncing of support.

Investing in the markets is like playing poker, and this was a massive “tell” that the market had changed.

The next big “tell” came when yields on the 10-Year Treasury broke out of a downtrend.

Pages