Via GoldTelegraph.com, The economy has been showing great gains, and that positive trend is fueling fears of a surge in inflation. The Consumer Price Index, the key predictor of inflationary trends, rose .05 percent in January, which greatly exceeded the anticipated rise of 0.2 percent. The market reacted as expected as stocks fell, and government bond yield rose. The Fed is keeping a close eye on these developments, and that could fuel the inflation fears. The fear of rising prices includes most economic sectors, from gasoline, housing, food, healthcare, to clothing. Predictably, the market reacted immediately to the CPI rise with a 100-point loss afterRead More →

Crude oil recently found a top for a five-wave move at the 62.62 level, from where we have seen a decline in three minor waves. These waves can be part of wave a, first leg of a bigger three-wave corrective decline. If we bring up the fact, that price is currently recovering from area of a former swing b at … The post Elliott wave Analysis: <b>Crude oil</b> and USD Index appeared first on crude-oil.news.Read More →

One month after Project Veritas revealed that Twitter was indeed “shadow banning” and blocking views critical of Hillary Clinton, the social network appears to have done it again, and overnight Twitter appears to have suspended thousands of accounts overnight, infuriating conservatives on the platform. As Bloomberg reports, prominent conservative pundits and activists said Wednesday that thousands of their followers had been deleted overnight.  Other users said they received messages from Twitter asking them to confirm they were real people before being allowed to keep using the service. “The twitter purge is real,” conservative podcast host Dan Bongino said on Twitter. “Twitter blocked me from twitter ads last nightRead More →

Big Bitcoin Bat? Bitcoin / Dollar BITFINEX:BTCUSD bmck1 Soo let me start this off with the standard comments and disclaimers I personally am not trading Bitcoin             at this time and am not advising anyone to enter any trades off the back of this post.All that aside, in going through some analysis on the chart there is an area of interest developing that if we were able to come down to, could provide some good opportunities for long entries. After the accelerated move up to 20k at the end of last year we have seen a huge correction of late. IMO             , even withoutRead More →

The beginning of 2018 saw a dramatic change in how the world’s most popular social media platform, Facebook, presented its content. Curation has always been a real issue with Facebook, but users who were once empowered to decide their personal feed scroll are now actively being managed. Here’s how to gain back some control. Also read: Good News for Israeli Bitcoiners Regaining Facebook Feed Control It’s really not that complicated. Find a valued source, walk the browser to https://www.facebook.com/buy.bitcoin.news, click Like, and next to that button click Follow; while on the Follow button be sure to select See First. This way, valued content will continue toRead More →

U.S. home sales unexpectedly fell for a second straight month in January, weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time buyers out of the market. The National Association of Realtors said on Wednesday that existing home sales dropped 3.2 percent to a seasonally adjusted annual rate of 5.38 million units last month. December’s sales pace was revised down to 5.56 million units from the previously reported 5.57 million units. Economists polled by Reuters had forecast existing home sales rising 0.8 percent to a rate of 5.60 million units in January. Sales fell in all four regions lastRead More →

The dollar rose to its highest level in a week on Wednesday and world stocks fell for the third day as investors braced for minutes from the Fed’s last policy meeting to see if they would herald more rises in interest rates and global bond yields. Wall Street looked set for a weaker session, with equity futures down around 0.2 percent and the VIX volatility gauge up for the third day in a row. The dollar index, which measures the greenback against a basket of peers, rose 0.2 percent. The index has bounced almost 1 percent so far this week, after slumping 1.5 percent theRead More →

The UK has seen the strongest two quarters of productivity growth since the recession of 2008, according to the latest data. Output per hour rose 0.8% in the three months to December, the Office for National Statistics said. It follows growth of 0.9% in the previous period. There was also a better than expected rise in wages. Excluding bonuses, earnings rose by 2.5% year-on-year. However, unemployment edged higher, but still remains low at 4.4%. The growth in productivity – as measured by the amount of work produced per working hour – will provide encouragement to policy makers who have wrestled with the challenge of lowRead More →

Eurozone business activity continued to rise at a steep pace in February, albeit with the rate of expansion cooling from the near 12-year high recorded in January. Price pressures and employment growth also remained elevated, though likewise saw rates of increase ease slightly. Business optimism about the coming year meanwhile ticked higher. The headline IHS Markit Eurozone PMI fell from 58.8 in January to 57.5 in February, according to the estimate, which is based on approximately 85% of usual final replies. The slower growth of business activity reflected an easing in the rate of increase of new orders which, while elevated, slipped to a five-monthRead More →

Theresa May has been warned Britain cannot become simply a “ruler-taker” after Brexit, in a letter signed by 62 Tory MPs including Jacob Rees-Mogg this week. The letter urged Theresa May to stick to the Brexit ideals outlined in her rousing Lancaster House speech one year ago. The Tory MPs offered their “continued and strong” support for Mrs May’s leadership before strongly suggesting six ways in which the PM could strengthen the country’s position. The letter was written by former Remainer John Penrose and signed by another 61 MPs, including hardline Brexiteer Mr Rees-Mogg, former cabinet member Priti Patel and former party leader Iain DuncanRead More →