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“Prediction is very difficult, especially if it’s about the future!” Niels Bohr, the Nobel laureate in Physics, once said. This sentiment rings true in the wake of the first round of Romania’s presidential elections, where the consensus was upended. The Constitutional Court annulled the elections, c

Asia market update: Asian equities mostly lower amid geopolitical volatility in SY/KR + CN deflation concerns; RBA rate decision tomorrow. General trend - Asian stocks mostly lower after continued South Korea political uncertainty and China’s Nov CPI deflation m/m (-0.6%, worst since Mar). Kospi [-2

The market action suggests that the corrective upswing is maturing and likely about to end. How can we tell? Silver. A Correction Nearing Its End Silver is outperforming today, while miners are no longer doing so. In yesterday’s Gold Trading Alert, I wrote about the likely reason behind the rally in

Poland’s rate-setters are expected to leave interest rates unchanged this week, with the key policy rate at 5.75%. The response from the National Bank of Poland’s governor to a dovish shift in local fundamentals and the external environment remains highly uncertain. We anticipate a rate cut in the s

The Canadian Dollar lost 0.4% to start the trading week. Canada saw a better-than-expected print in PMI figures. Despite upbeat data, the Loonie continues to struggle. The Canadian Dollar (CAD) backslid another four-tenths of one percent against the Greenback on Monday. CAD traders pushed down the L

EUR/JPY is falling to a key support level after tumbling further on Friday. It could bounce once it touches the level and the RSI is oversold on an intraday basis, cautioning aggressive short-sellers. EUR/JPY extends its downtrend since the Halloween peak and is within spitting distance of hitting k