Weekly Technical Analysis – “1646 New SP500 Support & Europe in Wave 5”

A great report this week from the award winning Swiss team. This week’s report is a little broader than normal in the assets markets they have covered, which is good! Their comments on fx and bullion tie nicely together.The US$ is enjoying a bounce here and now. Technically it doesn’t look likely to sustain for …

Some Macro Thoughts – US$ Money Velocity, Inflation & Taxes Oct 13

    Some Macro Thoughts-oct13 I want to say one important thing in addition on this issue. There appears some confusion in the web stratosphere on one key metric around this subject. The positive correlation between money velocity and interest rates. Some observers haveĀ  pointed to the historic correlation between the two as being supportive …

SBank-Quarterly Commodities Q4 2013

SBank have a reputation to keep in the commodities space. Their latest quarterly is pretty bearish. The secular commodities bull is being called into question here with the 2011 highs mostly lower than their 2007 highs and the cyclical continuation running deeper and longer than most commodity participants anticipated. There is nothing on the horizon …

HSBC GR GlobalFX (Inc Bullion) Tech 11th Oct 2013

Here a new report from HSBC’s global research team. I like this report. Its not a technical report but it is a very thought provoking report. They nicely and properly include the bullion within their global fx view. Contrary to what Ben thought Gold is a currency class all by it self which HSBC appear …

Nordea-FocusUK-GBP 11th Oct 2013

Here yet another report from the professionals on the UK with some accompanying FX forecasts. Summary Nordea: In spring the recovery was seen as the slowest in 100 years. Now, PMIs are the highest on record. In spring Governor Carney was the dove above doves. Now, he sees no need for more QE and is …