Currency Manipulation Done Right?
Joe should have known better than to ask, but for the sake of keeping this a blog post and not a full-blown research essay I will oversimplify as much as possible. In most media, the Swiss currency is treated like every other – as a function of, or tied to, the local economy. Thus currency .. read more
Market Observations
The market is a very confusing place right now and there are a lot of cross currents to decipher. I spent the afternoon perusing a lot of charts in the hopes of finding some clarity. I do this about once a week – I look at charts everyday but once a week I sit down .. read more
Weekly Chart Review
Overall a decent week for the markets until Friday’s Non-farm payroll report. The BLS reported no new jobs created in August and revised July’s jobs downward from +117,000 to +85,000. Prior to the 8:30 am release, the German DAX was down over 3% on continued fears of the Greek bailout and pressure on European banks. .. read more
