General World News

Elliott Wave Analysis on GOLD and USDJPY

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GOLD GOLD has recovered nicely in the last few hours with more upside to come after the pullback. The current rise from 1070 appears to be the final wave within an extended wave iii. As such, be aware of more gains after a minor retracement back to 1070-1074 area, where the black wave iv can […]

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Here's what 14 Wall Street pros are predicting for the stock market in 2016 (SPX, SPY, DJI, IXIC, QQQ)

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It’s 2016. And if you’re invested in stocks, you’re probably wondering where the market will head this year. The bull market is in its sixth year. And with global economic growth slowing, earnings growth flattening, the Federal Reserve tightening monetary policy, commodities prices dreadfully low, and the dollar unusually high, there’s a feeling that the […]

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Dollar and Yen strengthen amid yuan scare

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After a very quiet final week of 2015, global markets have kicked off 2016 with a bang. China is back in the news as equities around the world are selling off on much weaker than expected manufacturing and PMI reports. Safe haven currencies such as the big dollar and yen are experiencing a nice bounce […]

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There could be a flood of selling in China on its way

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The Chinese market is tanking. The CSI 300 stock market index crashed 7% before markets were halted for the day. That came after the Caixin-Markit manufacturing PMI unexpectedly fell to 48.2 in December from 48.6 in November. The official NBS manufacturing PMI stood at 49.7 in December. Any reading below 50 signals contraction. In a […]

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China's Stock Markets Close After Sharp Fall

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Chinese stocks plummeted nearly 7 percent Monday – on the first day of trading for the new year in China – prompting a halt to trading for the day on the Shanghai and Shenzhen exchanges. European markets followed Asia’s lead, opening lower, with Germany’s DAX down more than four percent and the FTSE in London […]

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Investors Exhausted; Markets Close Lower

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Good morning and Happy New Year. Stocks did very little on Friday ending the day and the year just a touch lower….I have to say that I was a bit disappointed that they couldn’t nudge it just to the unchanged mark vs. what they did by allowing the S&P to close off fractionally for the […]

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2016 Financial Markets Guide – MM #84

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2016 is already here and we bring you a special outlook all dedicated to 2016: the path of interest rates, currencies, bonds, stocks and of course the slippery price of oil. Here is your guide to the new year. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Fed hike path […]

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Oil is going bananas

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Oil traders can’t make their minds up. The price of Brent and crude spiked overnight amid escalating tensions between Saudi Arabia and Iran. Saudi Arabia has cut off diplomatic relations with Iran, getting people worried about the supply of oil from the Middle East. But oil prices fell back dramatically in early morning trade in […]