The New Zealand dollar continues to head higher this week. In the North American session, NZD/USD is trading at 0.7244, up 0.37% on the day. It has been a strong start to the week for the New Zealand dollar, which is up 0.95%. The US dollar is once again struggling against the major currencies. Inflation surged in April, which led to speculation that the Fed...
Inflation is a tough one to get your head around, and QE, MMT and fiscal spending is popular terms these days. I will try to connect the dots short and sharp in two posts. I’ll use gold as an inflation metric, i.e. higher gold price equals higher inflation. First, "inflation is always and everywhere a monetary phenomenon", Milton Friedman once said. There are...
BTCUSD has been supported perfectly on the weekly 200MA as I discussed in my previous post in 2019 The 200MA has proved to be a perfect entry on the corona dump. As one can see, the downward sloping trendline resistance has been broken. Also the 10000-10500 area which was proving to be a major resistance zone has been flipped as support which confirms the bull...
Traditionally, financial markets could not relax mainly because of one person. It is all about US President Donald Trump. Yesterday, he said that if the head of Sino, Xi Jinping, does not meet with him at the G-20 summit, the United States will impose additional tariffs on Chinese goods. So, as we warned, you should not relax and calm down. Accordingly, buying...