BRICS Crumble

‘The bigger they are, the harder they fall’ has always been true and is seemingly even more so today with regard to the BRICs (Brazil, Russia, India and China). The Organisation for Economic Co-Operation and Development (OECD) shows that there is a divergence with regard to growth patterns in economies around the world. While the…

China’s Import Surge

China published figures Thursday regarding its trade surplus and they were far better than expected. Some say that this may be the tell-tale signs of the proof that the economy is stabilizing. But, only a few weeks ago there was worry that the Chinese economy was contracting, that it had no liquidity left and that…

Bear Continuation Patterns - library video 2

Topic: Working Bearish Continuation Patterns with real chart data Objective: 2nd video in the library Focus: 1st effort into new resistance creates reverse ...when does it become a bear trend? Challenge…Piece material video #1 and video #2 together to create the larger picture of market structure. Big Bull Push to continue trend ~ wall of…

Obama: Do Svidaniya Putin!

If we can judge by the announcement from the Obama administration, the relations between the US and Russia are at their lowest ebb for decades and they couldn’t get much colder. They are in fact icy right now over the Edward Snowden affair. The first announcement came this morning that Obama would be attending the…

Carney on Interest Rates

The Governor of the Bank of England, Mark Carney, stated today during the quarterly inflation report that there would be no interest rise until unemployment was brought under control at 7% in the UK. The FTSE 100 fell almost immediately and currently stands at 6,547.06 (down 57.15, 0.86%) today at 13.38 local time in London.…

Best US Trade Deficit Since 2009

Figures released by the US Census Bureau show that the US balance of trade is at its best level since October 2009. The US trade deficit is now at its lowest point since that date and currently stands at $34.22 billion for the month of June 2013. That’s an enormous reduction from the May 2013…