Morning All. Worrying developments in Italy overnight as Prime Minister, Giuseppe Conte, signs a decree to limit movement in more than a dozen provinces and this very much resembles the kind of quarantine efforts we saw in Hubei province, China last month. This reportedly effects a quarter of Italy’s population, […]
Blog
79 posts
Afternoon all. More economic data was released by China this morning, reporting that exports fell 17.2% for the January-February period compared to a year earlier and contrasting a gain of 16.5% in December when trade talk resolutions prompted activity to start picking up again. Imports only shrank 4% from a […]
Morning All. I wanted to write a post about why I started buying $DGRO and why I will buy more if this market weakness persists. The yield on 10 year US Treasuries just went below 1% recently and has been hitting new record lows over the last couple of days, […]
Morning all. Nice candle on Bitcoin yesterday finally took price away from the 200d moving average after 4-5 days of hovering around that area and looking quite indecisive as to which direction it wanted to move. I’m glad the 200d ma has held as it helps keep that Golden Cross […]
After nearly a year of waiting for $BA to crack under $300 following the 737-MAX disaster and grounding of all those planes, it finally did it with this move down into the $26x’s, but now it’s here the situation is more complex than the issue of the MAX and I […]
Just taking a look at $CCL $CCL.L after seeing it fall again, down another 12% today. Another of their ships, the Grand Princess, is potentially the site of a new COVID-19 outbreak following hot on the heels of the Diamond Princess which has only just faded from the news. https://www.theguardian.com/world/2020/mar/04/coronavirus-san-francisco-cruise-ship-grand-princess […]
With so little testing carried out in the US, the headlines are only just getting going on this story for them I believe. This is from another article I was reading yesterday: ” During a Senate hearing Tuesday, FDA Commissioner Stephen Hahn was greeted by skeptical lawmakers and pushed to […]
Evening all. Time for another look at $BTC and this time I’ve moved up to the weekly chart. A few days ago the daily 50ma gave way and there was a rapid test of the 200 day ma. Both failed unfortunately and I feel that the bullish picture is now […]
Morning all. In the early hours of this morning China released PMI data for February and it does not make good reading. Manufacturing: 35.7 versus expected of 45.0 This is the lowest ever recorded for this indicator Non-Manufacturing 29.6 versus expected 51.0 Another record low number. A recording under 50 […]
Surprising action from the precious metals today, $SILVER not displaying any safe haven characteristics. Silver has just retraced the entire move it started in December when Iran tensions started to flair and it just goes to show that all crisis are not created equal. This will disappoint a lot of […]