According to Wall St. Journal this year has been the worst for buying the dips in the US stock markets since the 1930s. The S&P 500 is down 22% for…Czytaj więcej

GBP is recovering a bit after the currency plummeted almost to parity (1.0360) with the dollar. GBPUSD dropped to the lowest levels since 1971 decimalisation after the UK Chancellor announced…Czytaj więcej

Stocks are trading near major lows. Both DAX and DJ are fairly close to the levels where buying started in July. Therefore, the big question is whether institutional investors see…Czytaj więcej

DJ created a lower high yesterday and plummeted after the Fed said it would remain aggressive. According to Powell additional large increases were likely even if the risk of recession…Czytaj więcej

Gold traded lower and didn’t really react to the rising triangle low yesterday. As a result, we have a sideways range between 1659 and 1680. The market remains in a…Czytaj więcej

My downside target of 30520 was hit yesterday. Then the stocks started rallying in earnest even though the treasury yields are at similar levels to 2011. I said yesterday that…Czytaj więcej

Nasdaq and DAX traded lower on Friday as the FedEx warning triggered a fear reaction in investors. The stock (FDX -21.40%) dropped the most ever in one day. The concern…Czytaj więcej

Almost a 2% drop in gold overnight is pretty big. This is what we saw yesterday as the bulls decided to throw in the towel and didn’t defend the support…Czytaj więcej

It’s the largest market in the world and a driver of the global economy. Without it, trade worldwide would come to a stop. That’s the power of the forex market,…Czytaj więcej

Gold – Relative strength in the dollar pushed gold down to 1691 after it failed to break decisively above 1705. This is what I expected yesterday (see here). I trust…Czytaj więcej