Thursday, March 17, 2016

FOMC Bring on the Clowns, Dollar, Gold and Bonds / Stock-Markets / Financial Markets 2016

By: Dan_Norcini

Honestly, more and more that seems to be the best phrase to describe when waiting for these FOMC statements to be revealed.

If we are not seeing a case of deliberate attempts to break the back of their own currencies among these Central Bankers, then "Scotty, beam me up!"

With the Fed Fund futures showing sharp increases AHEAD of the FOMC statement of rate hike probabilities, today's ultra dovish statement had everyone positioned on the wrong side of the currency markets yet once again. The result was yet another unleashed chaos courtesy of our Central Bankers.

Thursday, March 17, 2016

US Dollar Important Chart / Currencies / US Dollar

By: Rambus_Chartology

Last week I showed you this potential H&S top forming on the USDU which is a more evenly balanced index for the US dollar which actually trades as an ETF.

http://www.wisdomtree.com/etfs/fund-details-currency.aspx?etfid=91

I built this chart using a line chart and then leaving the trendlines in place I converted to a bar chart. As you can see it has been backtesting the neckline for the last week or so along with the 200 dma. This chart shows a reversal pattern which sets up a downtrend of some kind. This is an important development.

Thursday, March 17, 2016

Lifetime ISA - Another Boost for UK House Prices and Worsen Housing Market Crisis / Personal_Finance / ISA's

By: Nadeem_Walayat

George Osborne's flag ship personal savings account change of Budget 2016 is the announcement of the Lifetime ISA. Which is the latest of a myriad of policies aimed squarely at stoking UK housing market demand, effectively QE for first time buyers as the government seeks to hand out £1,000 for every £4,000 saved as long the monies are used to either buy ones first home or to fund retirement.

Thursday, March 17, 2016

UK Economic Growth Evaporating, Worse to Come than OBR Budget 2016 Forecasts / Economics / UK Economy

By: Nadeem_Walayat

The governments fantasy projections on the economy made by their Office for Economic Propaganda (OBR) shortly following the Conservatives May 2015 election victory are fast unraveling as the OBR's latest propaganda nudged expected growth for 2016 lower to 2% from 2.4%, and growth for 2017 lower to 2.2% from 2.5%, whilst maintaining more distant year overly optimistic forecasts.

Thursday, March 17, 2016

UK Government Debt Propaganda Continues as OBR Revises Borrowing Higher / Economics / UK Debt

By: Nadeem_Walayat

The Office of Budgetary Responsibility has once more dutifully pumped out economic propaganda for the UK government in its latest report, where the most notable revision was to increase the amount the government will borrow over its term in office from the original £115 billion (May 2015) to now £178bn, a 54% increase in the amount they said they would borrow at the outset, and which is set against their November 2015 revision higher to £143bn.

Wednesday, March 16, 2016

State of the Global Financial and Commodity Markets Report 2016 / Stock-Markets / Financial Markets 2016

By: EWI

Dear Investor,

State of the Global Markets Report -- 2016 edition, one of the most anticipated annual reports for investors and technical analysts, has just been released, and for a limited time, it is available, free of charge. Soon it will cost $99 per download, where it will stay for the rest of the year.

Wednesday, March 16, 2016

The War on Cash is Real! / Personal_Finance / War on Cash

By: Gordon_T_Long

Gordon T Long, Co-Founder of FRA interviewed Egon von Greyerz  in Zurick. Egon Von Greherz is the founder of Matterhorn Asset Management who has worked as a financial director for over 17 years in Geneva, and has been advocating for wealth preservation through Gold for over 13 years. MAM now has plans in over 40 countries for investors to place their savings into physical Gold storage for preservation in the world’s largest Gold vault in Switzerland.

Wednesday, March 16, 2016

FOMC Statement - Backing Off On the Rate Increases, Lowering Forecasts / Interest-Rates / US Interest Rates

By: Jesse

The Fed recognized that growth is slow, and that inflation remains subdued.

I include a chart of the real median household income to demonstrate why the recovery is so wobbly.  Demand and investment are weak because people have less money to spend.  Wow, what a surprise.

Wednesday, March 16, 2016

Gold and Silver Vultures / Commodities / Gold and Silver 2016

By: Jesse

"We see dimly in the Present what is small and what is great,
Slow of faith how weak an arm may turn the iron helm of fate,
But the soul is still oracular; amid the market's din,
List the ominous stern whisper from the Delphic cave within,—
'They enslave their children's children who make compromise with sin.'

Truth forever on the scaffold, Wrong forever on the throne,—
Yet that scaffold sways the future, and, behind the dim unknown,
Standeth God within the shadow, keeping watch above his own." James Russell Lowell

Wednesday, March 16, 2016

David Morgan: Silver Supply under $16 Is Limited. Serious Backlash Coming If Futures Market Breaks / Commodities / Gold and Silver 2016

By: MoneyMetals

Mike Gleason, Money Metals Exchange: I'm happy to welcome back our good friend David Morgan of TheMorganReport.com and author of the book The Silver Manifesto . David it's a pleasure to talk to you as always, how are you?

David Morgan, The Morgan Report: I'm doing well, thank you for having me on your show.

Mike Gleason: Well to start out I'll ask you to comment on the market action here in 2016 so far. Now, gold and silver have done quite well, we had gold advancing on weakness and concerns in the equities markets earlier in the year. In March, we've seen it continue to do well even as stocks rebounded from a strong employment report. One would think it's a bullish sign when we get good price action even with supposedly negative news for precious metals coming out. So give us your thoughts on the market action so far this year, David, and specifically why do you think the metals have done so well here in the early part of 2016?

Wednesday, March 16, 2016

Moneyfacts Comments on Savers and Borrowers Budget 2016 / Personal_Finance / UK Tax & Budget

By: MoneyFacts

The 2016 Budget was announced today and has now been reviewed by Moneyfacts.co.uk. So what does the new Budget mean for savers and mortgage borrowers?

Rachel Springall, Finance Expert at Moneyfacts.co.uk, said:

Wednesday, March 16, 2016

George Osborne's EU Referendum Bribes Budget 2016 Full Text / Politics / UK Tax & Budget

By: Submissions

George Osborne full budget statement: Mr Deputy Speaker, Today I report on an economy set to grow faster than any other major advanced economy in the world. I report on a labour market delivering the highest employment in our history. And I report on a deficit down by two thirds, falling each year and – I can confirm today – on course for a budget surplus. The British economy is stronger because we confronted our country’s problems and took the difficult decisions.

The British economy is growing because we didn’t seek short term fixes but pursued a long term economic plan. The British economy is resilient because whatever the challenge, however strong the headwinds, we have held to the course we set out.

Wednesday, March 16, 2016

Stocks Premarket is Down, Awaits the FOMC / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

Good Morning!

The SPX Premarket is down, but not sufficiently to break the next support level at 1988.79. Should the decline continue, I would expect to see a bounce in that vicinity.

Wednesday, March 16, 2016

U.S. Dollar Outlook: Peak Dollar? / Currencies / US Dollar

By: Axel_Merk

Is the dollar's seemingly relentless rise in recent years coming to an end? What are the implications not only for the greenback, but other currencies and markets around the world?

Wednesday, March 16, 2016

Stock Market Bear Counter Rally Continues / Stock-Markets / Stock Markets 2016

By: Christopher_Quigley

Europe continues to disintegrate politically.
On the  26th of February the Irish people went to the polls in a general election. Nearly 3 weeks later a government has not been formed due to the fact that no main party won an outright majority. It looks like this instability will remain for at least another month or so. Spain went to the polls 3 months ago and still no government has been voted in. Belgium was unable for 541 days to form a government, following its general election in 2010.

Wednesday, March 16, 2016

NUGT, ERX and LABU Charts of the Day / Companies / Company Chart Analysis

By: Gary_Savage

Way back in December I called attention to the huge explosion in volume in the triple leveraged mining fund NUGT. The same thing is now occurring in the energy and biotechnology sectors.

Wednesday, March 16, 2016

U.S. House Prices Forecast 2016 - Video / Housing-Market / US Housing

By: Nadeem_Walayat

The most recent release of US House prices data for December 2015 (Case Shiller 10 City Composite) continues to show little change at 197.21 against 197.40 of 4 months earlier which means that US house price inflation has spent virtually the whole of 2015 within a tight range of between +5% and +4%, which whilst stable is nevertheless a far cry from early 2014 that had house price inflation galloping ahead at near 14% per annum.

Wednesday, March 16, 2016

The Four Blind Mice At the Cliff, Booms Built Reserves, Busts Liquidate Them / Stock-Markets / Financial Markets 2016

By: Doug_Wakefield

"They Keynesian economists urge adoption of a "managed currency" and various forms of government intervention in the economic life of its fellow citizens. The idea is that government should supply an economic wisdom that private enterprise lacks or is unable to use. But even these economists see the uneconomic results of the government intervention which they advocate....Can government ever supply private enterprise with an economic wisdom which it would otherwise lack?" - Away From Freedom (1952) Vervon Orval Watts, pg 70

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate secretly and unobserved, an important part of the wealth of their citizens....As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery." - The Economic Consequences of Peace (1919) John Maynard Keynes, pg 235 & 236

Wednesday, March 16, 2016

Corporatists Mobilize to Prevent TPP Opposition / Politics / TPP

By: BATR

No better example on how the actually world operates can be found than the Corporatist argument that all the opposition to TPP is just wrong. Really ??? Understand that the record of trade agreements have been greatly beneficial to Transnational Corporations. So it is natural that enterprises that seek to crush competition, favor the term FREE, when in reality the practice of conducting commerce on highly structured agreements, eliminates upstarts and squeeze out weak rivals. TPP has finally taken off the mask for all to see.

Wednesday, March 16, 2016

USD/JPY - Short-term Consequences of Long-Term Resistance / Currencies / Forex Trading

By: Nadia_Simmons

Earlier today, the Bank of Japan kept interest rates unchanged at -0.10% which pushed the yen higher against the greenback. What does it mean for USD/JPY?

In our opinion, the following forex trading positions are justified - summary: