EUR/USD analysis for October 15, 2018

Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1610. According to the H1 time – frame, I found the breakout of the bullish flag pattern in the background, which is a sign that buyers are in control. ... [...]

Sears Files For Bankruptcy Protection, Lampert Steps Down As CEO

The melting ice cube that is Sears – once a shining beacon of American consumerism – has finally dissolved. After missing a $134 million Monday debt payment, as was widely expected, CNBC reported early Monday that Sears filed for Chapter 11 Bankruptcy protection in bankruptcy court in White Plains, New York. To be sure, filing… [...]

Risk aversion remains at the start of the week

Could strong retail sales report prompt more selling? Markets remain in risk aversion mode at the start of the week, with losses being recorded across Asia and Europe and US futures pointing to a similar session on Wall Street. While the losses being reported are more modest that those seen last week, which investors will… [...]

India Yet To Figure Out Way To Pay For Iranian Oil Imports

Authored by Tsvetana Paraskova via Oilprice.com, India hasn’t worked out yet a payment system for continued purchases of crude oil from Iran, Subhash Chandra Garg, economic affairs secretary at India’s finance ministry, said on Friday. India’s Oil Minister Dharmendra Pradhan has conveyed the message that his country would continue to buy Iranian oil to some extent, Garg… [...]

Ecuador Restores Julian Assange’s Internet, Phone And Visitation Privileges

Ecuador has partially restored Julian Assange’s communications in their London Embassy after UN officials met with Ecuador’s president, Lenin Moreno on Friday, reports the Belfast Telegraph.  Assange, who has lived in the embassy for over six years, had his phone and internet access taken away in March over political statements he made in violation of “a written… [...]

Violence, Public Anger Erupts In China As Home Prices Slide

Last March, we discussed why few things are as important for China’s wealth effect and economy, as its housing bubble market. Specifically, as Deutsche Bank calculated at the time, “in 2016 the rise of property prices boosted household wealth in 37 tier 1 and tier 2 cities by RMB24 trillion, almost twice their total disposable… [...]

The Inevitable De-Industrialization Of Europe

Authored by MIke Shedlock via MishTalk, EU ministers agreed to binding cuts in CO2 emissions of 35% by 2030. The German auto industry won’t be able to deliver. The Telegraph reports Berlin court orders German capital to ban most diesel vehicles on 11 major roads to counter pollution. Hamburg was first in May. Stuttgart, home of… [...]