The geopolitical concerns are easing giving a serious gold outlook: rally has already run out of steam below 1370. The south vision should be exploited from now on targeting 1307 and 1250 respectively as long as 1370 triggers no close above. Such close would mean war is back with vengeance somewhere in Syria or N. Korea, an unlikely scenario.
Will the monthly changes in US payrolls cause volatility to its extremes or Jap Powell’s speech will do the job? In between, we have the employment change that would be released by the statistics of Canada as well. Pay attention to Powell’s speech, it is the real shaker after the Canadian report. All in all, Dollar stays strong and any blip during the day should be translated as BTFD.
China retaliates so life becomes difficult for Apple, Boeing, Intel and other multinational companies in the Dow and S&P 500 that have started to do more business in the world's most populous nation.
Russia & China are buying oil using the yuan, means major inflation hits the US; Saddam bought oil using the euros. The only solution is WAR.
Trump updated his War Cabinet (Pompeo & Bolton)
Financial War with China started
Disaster relation between Russia & US
MBS, Bolton, Pompeo, Bibi, & Trump have just prepared a cabinet war targeting Iran, Russia, & China to protect the status of the petrodollar. We have seen it in the past (Saddam bought oil using euros).
If Saudi Prince Mohammed bin Salman calls Iran’s Ayatollah Khamenei “the Hitler of the Middle East,” the new national security adviser John Bolton, who wrote an op-ed titled “To Stop Iran’s Bomb, Bomb Iran,” has called for preemptive strikes and “regime change,” Secretary of State-designate Mike Pompeo calls Iran “a thuggish police state,” a “despotic theocracy,” and “the vanguard of a pernicious empire that is expanding its power and influence across the Middle East,” Donald Trump himself has pledged to walk away from the Iran nuclear deal — “the worst deal ever” — and reimpose sanctions in May, & Bibi Netanyahu is monomaniacal on Iran, calling the nuclear deal a threat to Israel’s survival and Iran “the greatest threat to our world”
chief executive officer, JPMorgan Chase & Co.
“It’s a fraud.” If a JPMorgan trader began trading in bitcoin “I'd fire them in a second. For two reasons: It’s against our rules, and they’re stupid. And both are dangerous.”
Price on quote date $4,179.95
The financial system remains "one bad trade away" from a total meltdown and cryptocurrency is creating so much noise distracting investors from understanding it, misleading them onto plethora of definitions.
From China and Russia to North America, virtual is the reality. It’s no longer a question of whether cryptocurrency will survive. It’s a question of what it will disrupt on its way to the top of the global finance chain.
If America wants to maintain her empire, she better adopts blockchain technologies, as what it appears to be the future strategy of the Department of Defense.
The ability of the United States Air force USAF to prevail in the highly contested environment of 2040 will be dictated by its ability to defend cyber-enabled systems, and the data within them, from compromise and manipulation. Yet contemporary cyber defense is faltering, and incremental improvements seem unlikely to overcome an exponentially growing cyber threat. Thus, an entirely new model for cyber defense strategy is needed.
Blockchains are a new information technology that inverts the cyber security paradigm. First, blockchain networks are trustless; they assume compromise of the network by both insiders and outsiders. Second, blockchains are transparently secure; they do not rely on failure-prone secrets, but rather on a cryptographic data structure that makes tampering both exceptionally difficult and immediately obvious. Finally, blockchains networks are fault tolerant; they align the efforts of honest nodes to reject those that are dishonest.
As a result, blockchain networks not only reduce the probability of compromise, but also impose significantly greater costs on an adversary to achieve it. The Air Force should research and develop blockchain technology and leverage it for national defense.
As Newton’s first law of motion states: an object in motion stays in motion unless acted by a countervailing force. While it is not clear what it will take to arrest the dollar’s slide, it is worth remembering that consensus opinions can quickly change. When the crowd goes from wise to wrong, the ramifications are significant and far-reaching.
During this NFP Week, pay attention on Friday to CAD report when NFP report is released – volatility this week at the start of QII should be immensely different!
The big data point for markets today is U.S. inflation for February, with analysts expecting a 2.2 percent increase from a year earlier. Core inflation is expected to remain unchanged at 1.8 percent. While any surprise in the data is unlikely to derail a Federal Reserve rate hike this month, it will feed into expectations on the pace of monetary tightening.
The chart points to a bullish continuation as Cup with handle on the short term chart seems appropriate. The cup already retraced 61% Fib line and the handle is approaching the descending trend line, hinting for a breakout above 1.3940.
A close above 1.3940 should target 1.4120 and a close below the bottom of the cup negates the hot formation.
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