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SO GOLD TOOK A TUMBLE already this week, losing more than $30 an ounce between Tuesday and Wednesday before bouncing…falling…and… Jan 17 2008 08:48AM GMT
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Gold prices soared this week to new record highs against the dollar at an amazing $914 before falling back to… Jan 16 2008 10:55AM GMT
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My college experience dates so far back that it can only be labeled “ancient history.” Still, there are a few… Jan 15 2008 09:12AM GMT
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Financial markets in most countries have been in turbulence in recent days due, at least in part, to growing concerns about prospects of a U.S. recession and implications thereof for growth in foreign economies. Although our view is that the U.S. economy will narrowly miss recession in 2008, we proceed…
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Our call for a weaker dollar in the coming months is consistent with past performance during recessions. Our prediction of a reversal of the dollar bear trend between 6 and 12 months from now against most currencies also seems to fit the picture pretty well. Our forecasts are biased for…
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Despite the fact that we really believe that the USDJPY will rebound from here in the very short term (from 106 to maybe 110), we found necessary to remind our readers about the long term view in this pair. In fact nothing has really changed since our last piece on…
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AUD is highly overvalued compared to levels implied by long-run equilibrium and will have to see a significant correction. When this correction will take place, however, and how gradual it will be, is uncertain. While relative growth and interest rates remain favourable, three factors will weigh on AUD in 2008,…
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As a whole, there is no change in the wave count since the last update. The chart shows the movement started from 0.8563 (February 2001). As I wrote many times I think that the previous downtrend ended at this level (with a reversal triangle) and started the current very strong…
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The suggestion form June 2007 for a giant terminal impulse started from 101.66 (January 2005) looks the best scenario at the moment. This count is presented on the chart and suggests that the terminal impulse finished at 124.12 (June 2007). We saw a sharp sell-off from the last level and…
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Here at the beginning of 2008 the uncertainty about the development in the financial markets has not been higher in several years. This uncertainty has resulted in falling equity prices, lower yields on long-term government bonds and widening yield spreads. The uncertainty has been fuelled by concerns about a recession…
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