Jack the Pipper

Wow! A dip to 27%? Things must really be improving you might think. Until of course you read the first sentence of the story, “…dips to 27% from 27.1%.”

It seems Aussie has held up much better than the key commodities it has been more tightly correlated with in the past…looking for Aussie to play some catch up…

You’ve got to hand it to European Central Bank President Mario Draghi. He is a talented showman (and personally seems like the kind of guy you wouldn’t mind sipping a dram or two with).

The US mainstream media continues to out due itself in its blatant bias and outright lies about the situation in Ukraine (as they have done with Israel), whose complexities and historical context is way above my pay scale admittedly.

Playing for a correction to a completed 5-wave sequence down, ending at 1.6754 (labeled (a) or C). Targeting up to 1.6922 or 38.2%.

Let’s get right to it, I know you are busy enjoying the global economic recovery…

The Aussie is getting whacked a bit tonight on poor jobs news. From Bloomberg: Australian Jobless Rate Jumps to 12-Year High.

Working higher in corrective wave 2; targeting to 0.8600. Next key resistance at 0.8548…n/t swing support at 0.8494

Correcting lower in minor wave (c) of 2; with scope to 1.0615, but targeting to 1.0683 (61.8% retrace).

“Overall credit growth continues to outstrip growth in value added, which is not sustainable,” said Stephen Green, chief China economist at Standard Chartered.