British pound futures made a bottom extension yesterday at a daily scale. This is the second such signal in recent weeks, the first being in the cash FX £/$ rate on the first day of August. That one is not…
The slow European car crash continues. The response from politicians and technocrats is to seek ever-increasing amounts of money to forestall default by the weakest borrowers while hoping that some ‘internal devaluation’ will solve the longer-term problem of the differences…
Both July and September delivery wheat futures made bottom extensions yesterday and can now be bought. Here is September: Price movements in the grain markets are not strongly correlated with each other but some moves do occur in common. Accordingly,…
Equities have broadly gained ground in most world markets in the last few days. We advised buying some of them in the May 22nd edition last week and now we look at the medium-term prospects. Many markets have been in…