Chart of the week: Europe in numbers – GDP growth rate, inflation rate & unemployment rate

The economies of Europe are in poor economic health. In the first quarter of 2013 overall growth within the Eurozone was negative for a sixth consecutive quarter and it is forecast to contract by 0.6% this year. Meanwhile the UK managed to avoid a triple-dip recession but inflation is still above target, and unemployment remains stubbornly high.

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Chart of the week: US Treasury yields spike as 30 year bond bull market comes to an end

For around 30 years US government bonds have been in a major bull market. The yield on the 10-year note made a low in July 2012 at around 1.4%, however thanks to the recent breakout above major overhead resistance it is looking increasingly likely that the multi-decade bull market in US government debt has come to an end.

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Chart of the week: Apple is trapped in a range but a breakout above $466 could be very bullish

Having dropped 44.8% from its all-time high on 21 September 2012 Apple encountered major support in mid-April at around $380. Since then the stock’s advance has been capped at around $466. However, if it can breakout decisively above this level it could be potentially very bullish for the stock which is already attracting both value and income investors.

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Chart of the week: Money velocity plunges to lowest level in more than 50 years

Since the financial crisis hit the US Federal Reserve has created more than $2.2 trillion. However, all this new money has not found its way into the economy. Instead, it is just sitting idle in the banking system, and as a result money velocity has plunged to the lowest level in more than 50 years.

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Chart of the week: Central banks continue to accumulate gold in spite of the lower price

For 11 years central banks around the world were net sellers of gold. However in 2009 they stopped selling their gold and became net buyers, and as today’s chart shows, central banks are continuing to accumulate gold in spite of the lower price.

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Chart of the week: Gold closes in on major long-term support

Gold is closing in on major long-term support at $1,525. The bullish fundamentals of negative real interest rates and unprecedented money printing should trigger large scale buying at these levels, however failure to hold the $1,525 level would be bearish for gold, at least from a technical perspective.

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