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                        Prime Minister May-be

E Prime Minister May-be

New York City is not only the world’s financial capital, it is also where the independent press was invented by one Peter Zenger. The busy port was the source of newspapers and other information coming from across the Atlantic on prices of stocks, bonds, and commodities. The founding fathers were active supporters of economic growth, […]
Can EUR/USD Sustain Its Gains This Time?

Can EUR/USD Sustain Its Gains This Time?

EUR/USD enjoyed the dollar’s weakness to rise above the limited range that confined it recently. But can it extend to higher ground or is it set to slide? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: Unplugged But Recharging; Where To Target? – Danske Danske Bank FX Strategy Research believes that EUR/USD will […]
Asian And European Shares Head Lower

Asian And European Shares Head Lower

Japanese stocks headed south on Wednesday morning, led by banking shares as Japanese government bond yields fell 0 percent, a rate not hit since November, and continuing geopolitical tensions kept traders on edge. Despite the choppy trading in Japan on Wednesday, traders largely believe that the selloff is nearing its end and that strong earnings […]
NZD/USD Technical Analysis – April 19

NZD/USD Technical Analysis – April 19

NZDUSD found temporary support and has bounced higher on April 12. At this time, bias remains bullish and we expect the pair to continue higher in the coming trading sessions. Bulls will be waiting on any pullbacks to push the pair higher. NZD/USD 1 Hour Chart Bullish Patterns: The blue bullish pattern has already triggered a […]
Trump Talks Down The U.S. Dollar

Trump Talks Down The U.S. Dollar

The dollar fell sharply against a basket of other currencies on Thursday after U.S. President Donald Trump said that the U.S. dollar had become too strong and that he preferred interest rates to be at a lower level. President Trump also directly commented about Janet Yellen, saying he had not ruled out another term as […]
UK Snap Election Sparks Bullish Breakout Above Triangle Pattern

UK Snap Election Sparks Bullish Breakout Above Triangle Pattern

GBP/USD 4 hour The UK Prime Minister Theresa May has announced her goal to organise new elections ahead of the Brexit negotiation process between Great Britain and the European Union. The snap general election call would take place on June 8, 2017 but needs approval by a majority of Member of Parliament in the House […]
US Dollar May Recover On Firmer Risk Appetite, Fed Beige Book

US Dollar May Recover On Firmer Risk Appetite, Fed Beige Book

The Australian Dollar fell after a bond auction of 10-year notes saw yields declining even as demand cooled, hinting at dovish shift in investors’ RBA policy outlook. The average yield at the sale fell from 2.81 to 2.52 percent and the bid-to-cover ratio edged down from 3.55 to 3.24 compared with an offering of analogous paper in […]
China’s GDP Growth Gets Off On A Sound Footing In The First Quarter

China’s GDP Growth Gets Off On A Sound Footing In The First Quarter

China’s economy advanced in the first three months of this year, marking a second consecutive quarterly GDP expansion led by a pickup in investment, a rebound in the retail sales and government spending. Data from the National Bureau of Statistics (NBS) showed on Monday this week that the world’s second-largest economy advanced at an annualized […]
Plunging Used Car Prices Wreak Havoc On Rental Car Bondholders

Plunging Used Car Prices Wreak Havoc On Rental Car Bondholders

Once hedge fund darlings, almost no one is more perfectly aligned to get obliterated by falling used car prices than America’s auto rental companies, Hertz and Avis. As Bloomberg notes today, on a combined basis, Hertz and Avis dump about 400,000 vehicles per year into the used car market and operate fleets that are multiple times larger.  And with […]
GBP/USD Forex Signal – Wednesday, April 19

GBP/USD Forex Signal – Wednesday, April 19

Yesterday’s signals produced a very successful long trade following the bullish candle rejecting the support level at 1.2550. It would probably be an excellent idea to take profits now. Today’s GBP/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm London time today only. Long Trades Long entry following a bullish price action reversal […]