Warren Buffett Watch: Buffett’s master class on the problem with gold
The gold rally has some strategists arguing it should now take a permanent place in diversified portfolios. Buffett rejects it as a long-term investment.
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Swiss Franc Rally Signals Deepening Market Unease
Global markets ended the week with an uneasy calm, masking what appears to be growing stress beneath the surface. Wall Street showed resilience — the major indexes finished higher after mid-week volatility sparked by renewed concerns over regional bank stability. Yet in Europe, sentiment was more fragile, as bank-led declines weighed on both the FTSE […]
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As secondhand luxury soars, authentication becomes a new gold standard
Secondhand fashion and luxury is gaining ground fast, with the global resale market expected to hit up to $360 billion by 2030 from about $210 billion now. -
Sunset Market Commentary
Markets In a market devoid of hard economic data, yesterday’s credit-driven risk off from the US also fully hit European markets. European equities (Eurostoxx 50) opened >1.5% lower, an even bigger loss than the close in major US indices yesterday. Bunds extended their recent rally with the German 10-y yield at 2.53% testing the lowest […]
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EUR/USD Weekly Outlook
EUR/USD’s rebound from 1.1540 extended higher last week but upside is capped well below 1.1778 resistance. Initial bias remains neutral this week and further fall is expected. Break of 1.1540 will resume the decline from 1.1917 and target 1.1390 support, or even further to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, […]
The post EUR/USD Weekly Outlook appeared first on Action Forex.
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USD/JPY Weekly Outlook
USD/JPY’s extended pullback last weeks indicates short term topping at 153.26. Initial bias remains mildly on the downside for 55 D EMA (now at 148.64). Firm break there will target 145.47 support. On the upside, above 151.38 minor resistance will bring stronger rebound back to retest 153.26. In the bigger picture, current development suggests that […]
The post USD/JPY Weekly Outlook appeared first on Action Forex.
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USD/JPY Weekly Outlook
USD/JPY’s extended pullback last weeks indicates short term topping at 153.26. Initial bias remains mildly on the downside for 55 D EMA (now at 148.64). Firm break there will target 145.47 support. On the upside, above 151.38 minor resistance will bring stronger rebound back to retest 153.26. In the bigger picture, current development suggests that […]
The post USD/JPY Weekly Outlook appeared first on Action Forex.
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GBP/USD Weekly Outlook
GBP/USD rebounded after edging lower to 1.3247 last week. But upside is limited well below 1.3526 resistance so far. Initial bias remains neutral this week first. On the downside, break of 1.3247 will target 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected there to contain downside to complete the […]
The post GBP/USD Weekly Outlook appeared first on Action Forex.
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GBP/USD Weekly Outlook
GBP/USD rebounded after edging lower to 1.3247 last week. But upside is limited well below 1.3526 resistance so far. Initial bias remains neutral this week first. On the downside, break of 1.3247 will target 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected there to contain downside to complete the […]
The post GBP/USD Weekly Outlook appeared first on Action Forex.
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USD/CHF Weekly Outlook
USD/CHF’s steep decline last week suggests that corrective rebound from 0.7828 has already completed at 0.8075. But as a temporary low was formed at 0.7872, initial bias is turned neutral this week first. On the downside, below 0.7872 will bring retest of 0.7828. Firm break there will resume larger down trend. However, break of 0.7984 […]
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