Day: December 7, 2017

• 
  Gold sinks below support to the lowest since August

  Gold down another $12 today Gold, which was a fashionable metal in the pre-Bitcoin era, is rapidly losing its luster as the anti-government crowd switches[...]
  2017-12-07 20:47:06

---

• 
  Bin Salman was the buyer of $450m Da Vinci as he cracks down on corruption

  Bin Salman identified by US intelligence Nothing says cracking down on government waste and corruption like dropping a half-billion dollars on a Da Vinci painting.[...]
  2017-12-07 20:47:06

---

• 
  GE will cut 12,000 jobs in its power division

  Drastic step from General Electric These are pivotal times at General Electric as the company battles to maintain its market-share (and share price) in a[...]
  2017-12-07 20:47:06

---

• 
  US Oct consumer credit +$20.52B vs +$17.0B expected

  Consumer credit outstanding - Prior was $20.83B - Revolving (credit cards) +$8.3B - Non-revolving (student/car loans) +$12.2B Credit is what's going to keep the party going. Copyright[...]
  2017-12-07 20:47:06

---

• 
  USD/JPY hits three-week high above 113.00

  USD/JPY climbs in broad US dollar rally The US dollar is back in style. It's at the best levels of the day across the board,[...]
  2017-12-07 20:47:06

---

• 
  Recap: Pound pushing for divorce bill deal

  An audio recap on today's trading Thursday was another day of consolidation in the FX market with no clear directional insight to be had. Mostly,[...]
  2017-12-07 20:47:06

---

• 
  Forex option expiries for the New York cut

  What's on the docket today EUR/USD - 1.1900 (543m euros) - 1.1930 (532m euros) USD/JPY - 112.00 ($1.2B) - 113.00 ($816m) GBP/USD - 1.3350 (GBP747m)[...]
  2017-12-07 19:35:15

---

• 
  The bond flattener is relentless

  US 2s-10s down to 54 basis points It's tough to envision 3-4 US rate hikes next year with the yield curve staying positive. At the[...]
  2017-12-07 18:23:13

---

• 
  Bitcoin technical analysis: Bitcoin is trading up $328 or 3.11% but...

  Be watchful of some technical intraday bearish clues The price of bitcoin is up about $328 today or 3.11%.  The high reached $11,845.33. The low[...]
  2017-12-07 18:23:13

---

• 
  Forex technical analysis: USDJPY falls below swing level/floor

  New low for the trading day US stocks are starting to give up gains. The Dow which treated as high as 24534 is now down[...]
  2017-12-07 18:23:13

---