General World News

Chipotle sales crater 30% in December (CMG)

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Sales at Chipotle are falling off a cliff. In a filing with the SEC on Wednesday, the fast food chain disclosed that for the month of December same-store sales — or sales at locations open for at least a year — were down 30%. This decline in sales follows an outbreak of E. coli tied […]

General World News

North Korea, Weak Economic Data Drives Markets Lower

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NYC – 8 pm (est) Tuesday, January 5th / Los Angeles, CA – 5 pm (pst), Tuesday, January 5th/ London, England – 1 am (gmt) Wednesday, January 6th/ Pyongyang, North Korea – 10 am (kst — Korean Standard Time) Wednesday, January 6th — The US geological Service reports a 5.1 magnitude earthquake 30.4 miles outside […]

General World News

ADP Non-Farm Payrolls jumps 257K – USD follows

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Great news from the US for a change: 257K private sector jobs were created in December, much better than expected. November’s figure was marginally revised to the downside at 211K. This is a powerful signal for Friday’s official NFP. The US dollar is making more gains across the board. EUR/USD had already made an attempt […]

General World News

Pierre Boulez, French Conductor And Composer, Dies At 90

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FRANKFURT, Germany (AP) — Pierre Boulez, the former principal conductor the New York Philharmonic who moved between conducting, composition and teaching over a long career that made him one of the leading figures in modern classical music, has died at age 90. A spokesman for the Paris Philharmonic, Hamid Si Amer, confirmed that Boulez had […]

General World News

Elliott Wave Analysis on USDJPY and EURAUD

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USDJPY USDJPY finally fell to a new low after a nice corrective bounce up into wave iv) which found resistance near 119.70. Now we are tracking a new five wave decline from that swing high which is still underway, pushing the price lower within the red wave v) that can hit levels around 118.00 today. […]