Archived IMT (2009.01.14)
The 2.7% decline in US Dec retail sales defies the receding signs of stress in credit markets and expose the ongoing deterioration on the economic front.
The shocking report triggers sharp return to the risk-driven trades of H2 2008 boosting USD and JPY, but this also means that USDJPY could head towards towards my projected target of 86.40 (see lasty week's H&S analysis). Gold still holds above TL support of $815.
Housing Higher, Dollar Bets Shrink
by Adam Button | Jan 21, 2020 11:38
5 Near-Term Themes
by Adam Button | Jan 17, 2020 18:02
Ashraf in Dubai Jan 22-24
by Ashraf Laidi | Jan 17, 2020 14:20
Fear Crushed by Retail Sales & Round 1
by Adam Button | Jan 16, 2020 18:31
Sell the Fact or Sell the Economy?
by Adam Button | Jan 15, 2020 12:42