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Mexican earthquake death toll rises to 61

The world is currently a very fragile place and the sad news continues 9 Sept the number of people killed by a powerful earthquake off the southern coast of Mexico has risen to at least 61, officials say 45 deaths had been reported in Oaxaca, 12 in Chiapas and four in Tabasco. a huge rescue operation is […]

Bitcoin exchanges in China await clarification of shutdown talk

Reuters out with a story earlier 9 Sept spokeswoman for Beijing-based OK Coin said the platform has not received any notification from regulators spokespersons at Beijing-based Huobi and Shanghai-based BTCC said they were still waiting for further official clarification. The need for clarification follows yesterday’s report that China plans to shut local Bitcoin exchanges that Greg posted […]

China August CPI mm +0.4% vs 0.3% exp

Chinese inflation data reported earlier 9 Sept yy 1.8% vs 1.6% exp vs 1.4% prev first uptick in 3 months food CPI yy -0.2%, non-food 2.3% PPI mm 0.9% yy 6.3% vs 5.7% exp vs 5.5% prev PPI gaining speed for first time in 6 months Stronger readings to weigh into the heady cocktail of events […]

GBP/USD Elliott Wave Pattern Clears Up

Today’s monster rise in GBP/USD clears up its technical pattern. From a big picture perspective, we have been anticipating a meaningful and long term top to form near the neighborhood of 1.3450. We previously wrote in our Q3 GBP forecast “our model suggests 1.3450 may be strong enough to contain prices over the coming quarter.” […]

EURUSD Weekly Technical Outlook: Momentum Waning at Big Levels

What’s inside: EURUSD broke the August high, but failed to close above it (reversal-day) Long-term levels standing in the way of higher prices Momentum is stalling at big resistance, hinting at possible turn soon Check out our new beginner’s guide – ‘Building Confidence in Trading’ Heading into last week we pointed out a potentially bearish […]

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