A look at the markets as Europe heads for the exits

Stocks lower in Europe. 10 year yields higher. Dollar lower into the FOMC hike.A look at the European markets as traders head for the exits shows:Stocks in Europe lower: Germany’s DAX fell -0.41% France’s CAC fell -0.52% UK’s FTSE 100 was unchanged Spain’s Ibex was down -0.35% Italy’s FTSE MIB fell -1.44% Portugal’s PSI 20 […]

Canadian oil is being sold at a gigantic discount

Canada has a bottleneck problem Canada only has one customer for its oil — the United States. Virtually all of Canadian oil production is in Alberta and there are no pipelines to ship the oil to the coasts. Instead, it’s all piped to the United States where it’s refined. The problems with that arrangement are […]

Daily analysis of Gold for December 13, 2017

Overview Gold price has settled at the key support of $1,240.85 after attempting to break it yesterday. Please note that stochastic loses its bullish momentum clearly to approach the overbought areas while the EMA50 keeps pushing the price down. Therefore, these factors encourage us to confirm the outlook for the bearish trend in the upcoming […]