The Pound rose to a new four-day peak of 1.2575 on Tuesday after posting its biggest gain in the last three days. The Washington Post revealed that US President-elect Donald Trump’s …Read Full Post »
Yesterday, I noted that the S&P 500 has a clear Head and Shoulders pattern. As a result of this, the bears were convinced that a top was in.Unfortunately for them, …Read Full Post »
We got two significant economic releases this morning. First, let’s take a look at the ISM services index. I’ll examine the November JOLTS report separately.Recall that services are about 75% …Read Full Post »
Cable recently touched a new low at the 1.23-1-24 area, marking a five-wave decline from the 2024 highs rather than a three-wave move. This suggests the five-wave drop could come …Read Full Post »
Our current/old systemThe last systemic or significant change in our Federal Reserve’s monetary policy occurred in 1971, when gold backing to our dollar was completely removed, and the United States …Read Full Post »