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October 9, 2020 | Limits To Monetary and Fiscal Policy Methinks…

“The hottest places in hell are reserved for those who, in times of great moral crisis, maintain their neutrality.” ― Dante Alighieri I presented the following chart below during showing the nasty feedback loop of rising debt and weak global demand during a webinar back in 2015 (and had developed the diagram a few years […]

October 5, 2020 | Wall Street Loves Japanifcation of US Monetary Polcy

…not so good for the real economy…

September 25, 2020 | Can You Say: It’s All One Market–Risk Assets? Sure, I knew ya could…

Gold vs. GBP/USD vs. $ Index vs. S&P 500 (inverted)…one big happy family moving together… 0 Likes Share

September 5, 2020 | Expanding Wedge Patterns Complete? GBP/USD & AUD/USD….

…if so, we could see a deeper correction than most expect.

August 21, 2020 | EUR/GBP Chartview – 240-Min and Weekly…

What if the pound outruns the euro as the US dollar breaks down? Given the extreme long positioning in the euro, measured by CME currency futures, and the negative positioning as of last Friday for the pound despite its rally, out-performance of the pound would not surprise. I.E. there is a lot of positive sentiment […]

August 4, 2020 | Gold: Parabolic Financial Speculation, But Not Inflation!

Gold is in parabolic mode. Everyone loves it. Inflation and safe haven and the end of the dollar are the rationales. 1) This is not inflation. If it were, corn (green line overlaid) and all the other real stuff would be blowing off. It isn’t. 2) This is not the end of the dollar yet; […]

July 31, 2020 | Norwegian Krone: Backdoor Way To Play Euro and Oil Weakness?

USD/NOK has a tight negative correlation with the euro. And as suspected, the currency is also impacted by oil prices. We suspect oil goes lower given the dismal demand in the real economy. Below a look at USD/NOK with EUR/USD (inverse) overlaid and our Wave view on oil. Oil (WTI) Daily:

July 16, 2020 | FX VS. Asset Class Correlations Analysis (1-Year vs 30-Days)

I haven’t shared this for a while, but here is a look at various asset class correlations with key forex we follow.   Two different time frames so you can see the changes.  We have one-year vs. 30-days. Some abbreviations you may not recognize: GDAXI (German Dax Stock Index), HSI (Hong Kong Stocks), CA10YT=RR (Canadian 10-yer […]

July 2, 2020 | The Case For The British Pound

Though I think it best now to get past the non-farm payroll reaction tomorrow, the British pound is looking increasingly interesting as a long trade and a long-term hold based on the potential, we see in our Wave charts and the potential for a fundamental realignment of the their economy triggered by Brexit; i.e. unshackled […]

May 1, 2020 | US Dollar Index Daily View

Dollar Index Daily View – Looking lower…but, alternative still in play as it represents another dollar risk-bid on a big sell-off in stocks (as abstract as such an idea may be to the bulls at the moment; the narrative–money must go somewhere). 0 Likes



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