The ECB’s was forced to suspend its new stricter credit rules indefinitely concerning bad loans. The banks were screaming “you idiot” for it would have pushed way too many banks over the edge, particularly in Italy. With the Italian elections coming in March, the new rules would have been a major issue why Italy should also […]
QUESTION: Can you trade with the Global Market Watch? Does experience count right now with what you call a Vertical Market? DS ANSWER: No. It is an alert to wake you up, not a trading tool. It will alert you to breakouts, waterfalls, highs, or lows. It is not a 100%. It is far better […]
Following President Trump’s correction of Steve Mnuchin’s currency comments the currency markets experienced wild swings just ahead of the Asian trading session. The ASX opened weaker, hitting the days lows in early trading and then spent the rest of the day trying to make-up lost ground. Nikkei and Hang Seng opened better but on the […]
Robert Mueller is trying to build a possible obstruction case to take down Trump. There is no case for a conspiracy with Russia. Mueller is certainly not a fan of Trump as the rumors paint it in Washington. Nothing would crown his career more than taking down a president. Trump is often his own […]
QUESTION: In your year-end report, you said the resistance in the pound for 2018 was at the 14500-14600 level throughout 2018. We stopped at the mid 14300 level. Is this it? ANSWER: In 2016, the British pound elected the Yearly Bearish Reversal at 14000. It is normal to retest that level since we closed 2016 […]
QUESTION: Mr. Armstrong; You have repeatedly said that the USA wants a lower dollar while Europe thinks a strong currency is better. You said the dollar would decline first into 2018. That seems to be spot on. After Treasury Secretary Steven Mnuchin statement that a weaker dollar is best for USA, the dollar sold off. Why […]
It certainly felt as though Asia was keen to hear what the ECB has in store before making its next move. With most core markets closing weaker many were hoping the ECB would result in their relief. The Nikkei closed down over 1% but then the Yen did appreciate 0.5% in Tokyo trading. As expected, […]
COMMENT: Hi Martin: Thanks for the great conference in November–I really enjoyed it. I thought you might want to use this quote some time, which would well relate to the present FBI scandal. It comes from Wm. Penn, whose “Some Fruits of Solitude” is included in Book 1 of the Harvard Classics Five Foot Shelf of […]
Robert Mueller’s investigation has climbed all the way up to Donald Trump himself. He is now demanding to interrogate Trump under oath in hopes of getting him on a perjury charge as he desperately tries to take him down on an obstruction of justice charge chalking one up for the Bureaucrats he has been protecting. When Hillary […]
QUESTION: At the Institutional WEC session in 2016, you forecast that rates would rise but that the long-end would produce a positive yield for the next two years at least. Are we coming to an end of that forecast? ANSWER: The new Institutional service is being expanded currently. Our hedging model positions have been added […]
