Category Archives: Market Updates

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Greece Crisis Update: Default

Greece will now default – so this is probably worth one more post, The history of the European bailouts is deny first, then act later. STATEMENT BY THE HEADS OF STATE OR GOVERNMENT OF THE EURO AREA…


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USD/JPY Ready to Hit 78

USD/JPY broke lower in the past week, from wave B) consolidation, which found a top at 81.47. From there we are monitoring an impulsive price action within wave C) which is still incomplete. Curren…


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Gold Targets Seen At 1650 and 1700

Gold hit a new all-time high recently around 1610 and we see a lot of room for even higher levels in days and weeks ahead. On a daily chart we are monitoring an impulsive advance from 1307 lows, wh…


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US Initial Jobless Claims +10K to 418K in July 16 Week

US initial jobless claims in the week ending July 16 rose 10,000 to a higher-than-expected 418,000, the first rise in three weeks, from the previous week’s upwardly revised 408,000, figures from th…