Back to national homework

As the plan for a deeper integration of the euro financial markets proceeds, ez-members need to continue their focus on macro rebalancing. An important aspect of the rebalancing relates to their fiscal consolidation plans. A new paper by Alberto Alesina, Carlo Favero and Francesco Giavazzi finds that: 1. Fiscal adjustments based upon spending cuts are much less costly in terms of output losses than tax-based ones. More precisely: tax-based adjustments have been associate with prolonged and deep recessions while spending based adjustments have been associated with mild and short-lived recessions. 2. The heterogeneity in the effects of the two types of fiscal adjustments is mainly due to the response of private investment, rather than that to consumption growth. 

Source | The Portuguese Economy | http://theportugueseeconomy.blogspot.com/2012/09/back-to-national-homework.html

Is Japan back ?

Compare the Nikkei (top chart) with the $USD/YEN
Nikkei shows a clear higher lows pattern, with a resistance ready to break ?
JPY shows a clear broken trend, facing a test of a key support level

Source | Alpha Global Investors | http://gicharts.blogspot.com/2012/11/is-japan-back.html

Natural Gas is back

Clear multiple ABC pattern in Natural Gas !
Focus on that first "C" level, it served as a key support for our current "B"
Natural Gas is back !

Source | Alpha Global Investors | http://gicharts.blogspot.com/2012/09/natural-gas-is-back.html

Gold back in action

Gold weekly chart ;
Note Gold's recent bounce up on a higher low
Resistance level is quite clear
With all those trading systems out there, do not expect "perfect" levels of support/resistance.
We now need a key "news" event to send it above that red arrow ...