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It appears that well supported BoE rate expectations continue to keep currency downside limited from current levels. In that respect it must be noted that medium-term inflation expectations, as measured by 5Y forward breakeven rates, remain close to multiweek highs. Unless forward looking indicators suggest moderating price developments it appears unlikely that the BoE will turn more cautious anytime soon. ...
Morgan Stanley Chart Of The Week - EURUSD On the long-term EUR/USD Chart "Despite the corrective rebound developed since early March, EURUSD remains within a long term down trend, which accelerated from June of last year. Indeed, this move lower over the past year forms part of a C wave decline within a broad multi year corrective structure which has developed since the 1.6038 peak of 2008. The pace of decline over the past year is typical for a C wave. This suggests ...
EUR/USD: And now? With yesterday’s downside correction out of the way there’s a big question mark over what the next step from here will be. However as long as the hourly pattern with lower highs remains in place (i.e. staying below 1.1278) we will hold a light downside bias. EUR/JPY: 3RD Attempt to break below 138.44. With a relatively high probability we’re now in for a third attempt to break ...
Nearing Peak, U.S. Home Price Gains to Slow (Barron’s) see also Housing Bubble? Despite Rising Prices, Most Economists Still Say No (Real Time Economics)The world forgot about Japan. But it’s back (Quartz)Here’s a Few Facts and Charts That Gold Bugs Might Not Like: Should you be holding gold? (Bloomberg) see also Hulbert: This bear market in gold still has too many bulls (MarketWatch)10 Big Lies in the Financial Services Industry (Above the Market) ...
Pink Lake Hillier, Australia Lake Hillier is a bubble-gum-pink lake right on the edge of Recherché Archipelago’s largest island in Australia. It’s literally just a few steps away from a “normal” coloured Southern Ocean, but despite the pressure from its neighbour it refuses to compromise its pink colour. Scientists cannot figure out why Lake Hillier is pink, speculating that it’s caused by a reaction of sea salt and sodium bicarbonate (which ...
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