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Archives by Year:
USD/CAD Retains Bearish Sequence Despite Mixed Canada Employment Report
Talking Points: – GBP/USD Nullifies Threat of Head-and-Shoulders Reversal Ahead of BoE Meeting. – USD/CAD Preserves Bearish Sequence Despite Lackluster Canada Employment Report. Ticker Last High Low Daily Change (pip) Daily Range (pip) GBP/USD 1.3183 1.3224 1.3094 81 130 GBP/USD is on the cusp of testing the 2017-high (1.3268), with the pair at risk for a larger advance […]
GBP/USD Elliott Wave View: More Upside
GBPUSD Short Term Elliott Wave view suggests that the rally from the 8/24 low is unfolding as an impulse Elliott Wave structure, up from the 8/24 low (1.2773), Minor wave 1 ended at 1.2979 and Minor wave 2 ended at 1.2851. Minor wave 3 is in progress and the subdivision is unfolding as an impulse Elliott Wave structure. […]
Equities Need To Get On With It
This entire week has been spent doing one thing: just hanging out beneath the trendline. No surge (thank God). No break. Just lingering. I have no quarrel with the ES being down a few points here and there, but for Pete’s sake, can we get a -40 one of these days? Is it no longer […]
5 Consumer Stocks Still Worth Buying At Fresh Highs
Consumers are considered to be the core of almost all economic activity. Recent data on jobs, income, inflation and economic growth reveal that consumers are currently in a favorable position, raising chances of increased spending. The labor department’s jobs data illustrates a tightened jobs scenario, with unemployment rate remaining range bound. Recent reports show that […]
Bitcoin Crashes On Massive Volume As China Plans To Shut Local Exchanges
Having bounced back dramatically from the 20% plunge following China’s ban of ICOs, Bitcoin is getting battered again this morning on very heavy volume as Caixin reports Chinese authorities plan to shut local Bitcoin exchanges. Via Google Translate The supervisory authority has decided to close the exchange of virtual currency in China , which involves all the currencies […]
E Market Briefing For Friday, Sept. 8
Financial markets are holding together. The news today about the EU exempting Ireland or at least considering that it should be considered as an EU ‘special situation island’ is encouraging. The ECB separately did not move interest rates. I also monitored chatter about the role of Germany dominating the EU’s decisions; and the views are […]
Apocalypse Now
Everywhere you turn natural disasters and threats of more to come make it feel like the end of the world. Not only do we have to deal with three major hurricanes Irma, Jose and Katia in the Atlantic, now a massive earthquake in Mexico overnight has caused death and destruction. There is also rising nuclear […]
S&P 500 And Nasdaq 100 Forecast – Friday, Sept. 8
The S&P 500 went back and forth during the session on Thursday as we continue to grind overall. The 2450 level underneath continues to be supportive, and at this point, we are acting in reaction to the hammer from the Tuesday session. Ultimately, the market should go higher, perhaps trying to reach towards the 2500 […]
Weekly Commodities Wrap: The Sell-Off In Iron Continues
After a strong start to the week, printing further fresh 2017 highs, copper fell back over the latter part of the week as concerns around China fueled profit taking. Driving the rally over the first half of the week was a report from the top global copper producer, Codelco, noting that its H1 production fell […]
Natural Gas Prices Decline On Irma Certainty
October contract natural gas prices are now off 1.8% on the day as the market expects significant demand destruction over the weekend from Hurricane Irma. We are now more than 10 cents off the highs from yesterday, too, as prices started the day slightly higher yesterday before reversing lower. While they were sitting near their […]
