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WTI Crude Oil And Natural Gas Forecast – Wednesday, Nov. 8

WTI Crude Oil And Natural Gas Forecast – Wednesday, Nov. 8

WTI Crude Oil The WTI Crude Oil market went back and forth during the day on Tuesday, ultimately settling on a very neutral candle. I believe that this suggests that the market is ready for a pullback, and quite frankly I think that’s healthy. The $55 level underneath should be support, as it was previous […]
Toronto Is Entering A Housing Bubble

Toronto Is Entering A Housing Bubble

Why do I bring up Toronto? That’s not even in the US. Well, in order to understand bubbles in all major cities, you must understand how they get to that point and this will hopefully serve as a warning for investors and those looking to enter housing markets for the first time.  Toronto is the […]
EUR/USD: Rebounds Paint An Unclear Picture

EUR/USD: Rebounds Paint An Unclear Picture

Previous: Yesterday, Tuesday, November 7th, trading on the euro/dollar pair closed slightly down (-19 pips). In Europe, the euro dropped to 1.1554 as the US dollar rose across the board. The head and shoulders model looks to be continuing its formation and a sharp reversal looks on the cards. This kind of behavior can be […]
Global Equity Valuation Charts

Global Equity Valuation Charts

If it has felt like global equities have done well this year that’s probably because they have. The MSCI All Countries World Index is up 15.7% in local currency terms YTD (18.4% in USD terms) and is now up about 40% off the February 2016 bottom. With rising prices comes rising valuations, but there are some subtleties to […]
AUD/USD Daily Analysis – Wednesday, November 8

AUD/USD Daily Analysis – Wednesday, November 8

AUD/USD is facing 0.7624 support. A breakdown below this level could signal resumption of the downtrend from 0.7897 then further decline towards 0.7500 could be seen. Near term resistance is at 0.7670. A break of this level could bring price back to test 0.7729. Above this level will indicate that lengthier consolidation for the longer […]
ETFs In Focus After Utilities Q3 Results

ETFs In Focus After Utilities Q3 Results

The earnings season had a flying start with equity markets scaling record highs, owing to a slew of upbeat economic data, strong corporate performance and President Donald Trump’s tax reform proposal. However, the performance has been a mixed bag for utilities, with some beating market expectations, while a few failing to do so. We will […]
This Indicator Had A Divergence In Both 2000 And 2007; How Does It Look Today?

This Indicator Had A Divergence In Both 2000 And 2007; How Does It Look Today?

Bad Breadth Can Foreshadow Bear Markets Market breadth speaks to the number of stocks participating in an advance. Strong market breadth means a high percentage of stocks are making new highs as the major indexes make new highs. Strong breadth also aligns with widespread confidence in stocks and the economy. Bearish Divergence In 2000 The […]
US Dollar May Fall As Yen Gains If Senate Tax Plan Underwhelms

US Dollar May Fall As Yen Gains If Senate Tax Plan Underwhelms

The Yen narrowly outperformed in otherwise quiet Asia Pacific trade as Japanese stocks declined, offering a lift to the perennially anti-risk currency. The benchmark Nikkei 225 stock index pulled back after closing at the strongest level since 1992 on Tuesday. The US Dollar corrected gently lower against the G10 FX majors following yesterday’s broad-based recovery. From here, the absence of anything particularly […]
What Does The Proposed Tax Plan Mean For You?

What Does The Proposed Tax Plan Mean For You?

The House released an outline of a plan to make major changes to the current tax code last week – a move that is now making headline after headline as the plan heads through Congress and the president is prioritizing tax reform as a major part of his agenda. So what is the plan as […]
Oil Prices Struggle As Traders Eye OPEC Meeting

Oil Prices Struggle As Traders Eye OPEC Meeting

Oil prices were broadly lower during Wednesday’s Asian session on reports that Chinese crude imports fell to their lowest levels in a year. China’s October oil imports fell to 7.3 million barrels per day in October, down from a near record high of approximately 99 million barrels per day in September, the country’s General Administration of […]