UK INFLATION RISES TO 10.4% WITH FOOD INFLATION SURGING TO 18%
As expected the UK CPI Inflation measure increases to 10.4%. This will make sure that the OBR and Exchequer 2.9% target goes out of the window as plain baloney. The last time Inflation was so high was in the 1970s…
UK SPRING BUDGET, ANOTHER MISSED OPPORTUNITY
The big idea coming from the UK Exchequer Spring Budget, it’s a rough measure of Capex that won’t produce what’s hoped, but rather accounting tricks to inflate capex expenditure so as to evade the raise in Corporate Tax. The measure…
How will drift the USD/JPY exchange rate? More Dollar strength shouldn’t be ignored
Dollar/Yen chart 12 months timeframe. Every candlestick= 12 months. USD/JPY 105.95 | 106.0 exchange rate has seen the largest volume traded. However, although the BoJ has very large USDollar reserves to help the Yen not depreciate too much. exchange rate…
S&P 500 POTENTIAL -15% SELL-OFF
SPX price/volume, Daily timescale chart, below the 200-day Exponential Moving Average, that means SPX in logarithmic function. Most important SPX 3963 Point of Control SELL-OFF Signal, with a potential Head&Shoulder candlestick pattern. S&P500 price/volume trendline with a -15% | -17.5%…