Many people would like to trade for a living, but the biggest problem they face is a lack of capital. In order to make a living trading in the stock market, traders really need to plan on having an initial balance of at least $100,000. That’s possible for mid-career professionals and retirees, but

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With the impressive economic growth in China, many investors are getting interested in owning Chinese currency, aka the Yuan (which translates as round coin) or Renminbi. The distinction between the two is that the Yuan is the actual unit of currency while the Renminbi is name of the Chinese currenc

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By Brian O’Connell Former President Ronald Reagan once defined inflation as “violent as a mugger, as frightening as a mugger, and as deadly as a hit man.” Our 40th president wasn’t exaggerating. Inflation is nature’s financial way of eating your income without you knowing it – or at

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In the short term, market participants tend to have a very narrow focus when it comes to determining what information influences their decision making. And we’re certainly seeing that now … I say that because despite all of the underlying problems in the world, the dominant focus in mark

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The currency market, as well as all markets, have been heavily focused on the U.S. and the Fed’s plans for more quantitative easing (QE). And that’s had a huge impact on the dollar and on dollar sentiment. The question is: Will it last? There’s no disputing that the dollar is the k

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EURUSD Daily Wave Chart: This chart is bit convoluted, but let us try to explain the key points from an Elliott perspective suggesting that “this corrective move in EURUSD” may be done (we never ever know without hindsight, but technically there is lots of evidence here to make the case). 1) Cle

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If you can believe it, the US dollar has gotten hammered in the last 12 hours — the euro and pound up over a percent at their day’s highs; the Australian dollar coming very close to US dollar parity. The day’s early moves have hints of capitulation as QE2 and currency war speculation satur

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Last week we noticed some spreads blew out even further, particularly thanks to the concern of Ireland and its banks. Spread: Irish 10-year bond vs. German 10-year bund You might also remember the Wall Street Journal article that rehashed the entire region’s banking problems and the rather large

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The pound yesterday was hit by a couple news items – credit to businesses shrank, money supply declined and growth in mortgage applications slowed. And despite some mostly reassuring news from Moody’s that the UK is not in jeopardy of losing its AAA credit rating, the pound was hit pretty hard.

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In our webinar yesterday, we showed a chart comparing gold and the US dollar index, as you can see below: We said what is interesting about this chart is the fact gold and the US dollar have moved in a positive correlation lately. We’ve highlighted the area on the chart roughly where you can see

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