By Money Metals News Service The IRS classifies bullion coins and bars which carry zero collectible value the same way it categorizes a collection of baseball cards. Because of the IRS’s dishonest interpretation of tax law, gold and silver bullion is currently subject to the higher 28% long-term capital gains rate for “collectibles.” By comparison, […]Read More »
By IFCMarkets The Food and Agriculture Organization of the United Nations forecasts an increase in the world rice reserves The rice production is increasing in a number of developing countries. At the same time, a limitation of rice imports to the EU and a growth of the world reserves are expected. Will the rice quotes […]Read More »
WTO, China and Obama’s trade gambit in the Trump era By Dan Steinbock Recently, the Trump administration joined the EU and rejected the view that under the WTO terms China should have graduated last year to market-economy status. Now Trump is using Obama’s accession legacy to undermine world trade. The accession debacle intensified a year […]Read More »
Following a failed descending triangle formation, the pound is now clearly trying to reverse its long-term trend versus the Canadian dollar. The impending switch to an uptrend is signaled by the double bottom pattern on the weekly timeframe.
You can see the bottoms and the neckline marked by the yellow lines on the chart below. The cyan …Read More »
The last two weeks have been quite busy in terms of brokers’ updates. We have listed three new companies:
Markets Cube — a shady unregulated Cypriot Forex broker with $5,000 minimum account size, 1:100 leverage, and Sirix Station as the trading platform. They claim to accept US traders.…Read More »
By CountingPips.com – Receive our weekly COT Reports by Email US Dollar Index Non-Commercial Speculator Positions: Large forex speculators reduced their bearish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures […]Read More »
By CountingPips.com Here is a short summary and this week’s links (below) to the latest Commitment of Traders changes that was released on Friday. Speculators added to their aggregate US Dollar bearish position for 3rd week WTI Crude Oil Speculators slightly added bets to a new record high level 10-Year Note Speculative bullish positions see […]Read More »
By CountingPips.com – Get our weekly COT Reports by Email US Dollar net speculator positions fell to $-4.28 billion this week The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators continued to reduce their bets for […]Read More »
Hello, Forex Traders! „Go with the flow, ride the tide, bend with the trend“. Quote from Bill Willams. It sounds easy, does it not? But trading with the trend is not as simple as the quote will let you believe! And many Forex traders, I’m […]Read More »
EUR/USD was attempting to extend its decline on Friday but bounced back to the opening level after the release of US nonfarm payroll. While employment growth was solid and even beat expectations, wage inflation missed expectations, even though it accelerated.
Nonfarm payrolls rose by 228k in November, beating the common …Read More »