ISM started a sellable rally

ISM started a sellable rally

According to fxstreet.com, Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish). It is the key indicator. A...
Germany in red numbers - PMI plunged more than expected

Germany in red numbers - PMI plunged more than expected

It wasn't just this week about bad information from german economy. It is getting worse and worse despite of more and more stimulus from ECB (QE and rate cut). If this could work or not we will see another quartal. But now, the numbers are bad, but no-one cares because stimulus are on the way......
Oil jumps after drone attack

Oil jumps after drone attack

According to the Sun, DRONE attacks on the world's largest oil plant in Saudi Arabia has sent oil prices rocketing by 15 per cent — the one of the biggest jump ever.Experts claim the attacks are the "equivalent of 9/11" to the global oil industry, with Brit motorists hammered at the petrol pump with an...
Gold reserves continue to rise

Gold reserves continue to rise

According to Zerohedge, China's foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces (99 tons) in nine months. That's nearly five percent more since the end of last year. As Bloomberg reports, that buying spree...