The Euro has simply remained within the reversals holding the 12950 level on the downside and 14700 on the upside. A closing for year-end above 13588 will signal that we still should see the deflationary rally continue into early 2014.  The ideal turning point remains 2014 with Panic Cycles coming in 2016.   Here […]

The Noble Economist who once support the Euro has reversed himself and come out stating what I have been pointing out.  Christopher Pissarides has come out and stated that the Euro has created a “lost generation” as reported in the Telegraph. The problem we have is the self-interest. The whole creation of the Euro has […]

QUESTION: Dear Mr. Armstrong, You have not reported on the sinking Dollar for a while. Is this just one of the phases of competitive devaluation between the majors  with the US selling  or is it China liquidating.  With the Euro in a mess, the Swiss banks cracking and the $ falling where is the sense of it all and […]

The Middle East is planning to form their own monetary union with a single currency pegged to the dollar – not the euro.The states of Saudi Arabia, Qatar, Bahrain and Kuwait are planning a new single currency as members of the Gulf Cooperation Council.The new currency will be pegged to the U.S. dollar rejecting the […]

The Euro-savior Wolfgang Schäuble and Jean-Claude Juncker could soon be the most important bank directors in Europe. They want a Superbank that has the last word over all of Europe and direct access to taxes if there is a crash. This is the very place they said the Euro would not go. It was why […]

The Chinese yuan data is now in and the October numbers from the Swift system show that the yuan, which in January 2012 held only 1.89% of trade transactions, jumped to 8.66% surpassing the Euro, which has fallen to just 6.64% of Swift transactions. In January 2012, the Euro held 7.87% of Swift transactions. These […]

On Jan. 1, 2014, Latvia will adopt the euro and another currency bites the dust. The lats currency will be gone and we must say farewell to the fulsomely bearded Krišjānis Barons, the collector of folk songs who graces the 100-latu note. The little Baltic nation is shucking a piece of its national heritage because its […]

In France, an internal secret report of the French government warns of nationwide civil unrest as the economy simply implodes with rising taxes and higher unemployment. The French people are reported are simply “full of tension, frustration and anger” all because their purchasing power decreases (deflation) in the face of ever increasing tax burdens reported the Deutsche-Wirtschafts-Nachrichten. […]

QUESTION: Mr. Armstrong, it was great to have you here in Europe. You mentioned before that Germany needs the euro to maintain its trade surplus with Europe. There seems to be a rising tide that is starting to recognize that, especially here in Greece. Is this the seeds of the collapse of the euro? ANSWER: There […]

“The Monthly Bullish Reversal stands at 14700. Technical resistance for a possible January high stands at 145-147 followed by 156 and 178.” The Reversal is our system target for the maximum high. The “Technical” resistance is simply levels within the market where they exist. This is not a forecast. It is a MAP. In other […]