What a Wonderful World

ORIGINAL POST:  4:15 AM Whether driven by fundamental constitutional considerations or a keen awareness of the implications for their pensions, the German Constitutional Court granted the German government conditional approval to throw good money after bad.  How conditional? Germany’s ESM share will initially be capped at EUR 190 billion.  As Germany is the only ESM … continue reading →

Update on the Dollar: July 24, 2012

There is significant negative divergence on the dollar on both a daily and weekly basis. DX is also very close to completing those harmonic patterns it hasn’t already completed. It’s approaching the .707 of the largest (yellow) pattern, tagged the 1.272 of the next largest (purple) pattern, tagged the 1.618 of the red pattern, nearing … continue reading →