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EUR/USD Daily Analysis – Wednesday, November 8

EUR/USD Daily Analysis – Wednesday, November 8

EUR/USD extended its downside movement from 1.1879 to as low as 1.1554, breaking below 1.1574 support, suggesting that the downtrend has resumed. Further decline would likely be seen in a couple of days and the next target would be in the 1.1400 area. Near term resistance is at 1.1625. Only a break above this level could […]
Saudi Purge Goes Nuclear: Over 1,200 Bank Accounts Frozen

Saudi Purge Goes Nuclear: Over 1,200 Bank Accounts Frozen

One day after we reported that Saudi Arabia has started to freeze the accounts of the dozens of arrested royals, ministers and businessmen, in the process allowing Mohammed bin Salman to further cement control over the Kingdom, the Kingdom has taken its “money laundering” crackdown to the next level and on Tuesday, Saudi banks have frozen […]
Fed And The Dollar Drive Short-Term Pullback On Gold

Fed And The Dollar Drive Short-Term Pullback On Gold

In the absence of a major bullish catalyst, with interest rate expectations on the rise and stock market indices at or near record highs globally, gold has been consolidating since the intermediate high posted in early September. That high, set just after speeches by the Fed’s Mester, Dudley and George and immediately prior to the beginning of the […]
More Americans Are Buying Guns For Protection – An Investment Opportunity

More Americans Are Buying Guns For Protection – An Investment Opportunity

Introduction Remember the outrage a few weeks back about the Las Vegas shootings? Again, calls for stricter gun controls were heard. And once again, just as what happened after other tragic US shootings, people lost interest. And quite amazingly, bump stocks — the devices that make a rifle fire like a machine gun — are […]
How Startups Differ From Mature Small Businesses

How Startups Differ From Mature Small Businesses

from the St Louis Fed Startups make up about one-third of U.S. small employer firms and tend to have bosses who are younger than those running a typical mature small firm, according to the 2016 Small Business Credit Survey: Report on Startup Firms. The survey, which was a collaboration of all 12 Federal Reserve banks, […]
Aussie Index Very Bullish If This Secular Breakout Materializes

Aussie Index Very Bullish If This Secular Breakout Materializes

It is a fact that when a bear market rages across the globe that not any stock market can hide for it. The 5th country to see the daylight according to the world clock is Australia’s stock market, and it got hit hard by the bears with the 2008 / 2009 global financial crisis when it […]
Q3 Earnings Drags Transport ETFs Lower

Q3 Earnings Drags Transport ETFs Lower

The transportation sector is struggling this earnings season with total earnings from 97.9% of the sector’s total market capitalization that has reported so far down 14.2% despite revenue growth of 5.1%. This is much below earnings growth of 9.6% and revenue growth of 10% for the same period, in the last reporting cycle. Earnings and revenue beat […]
About 33% Of Students Drop Out Of College; Here’s How Many Go On To Default On Their Student Debt

About 33% Of Students Drop Out Of College; Here’s How Many Go On To Default On Their Student Debt

Roughly 70% of America’s bright-eyed and bushy-tailed high school seniors will go on to binge drink study at a 4-year college, but, to our complete shock, less than two-thirds of them will manage to graduate with a degree. Even worse, 30% of the students will drop-out after just one year on campus. Not surprisingly, a survey conducted […]
Precious Metal Report – Tuesday, Nov. 7

Precious Metal Report – Tuesday, Nov. 7

A review of the day’s trading in precious metals markets. Video Length: 00:11:05
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                        Crude Oil Remains A Slippery Customer; The Likely Future Direction

E Crude Oil Remains A Slippery Customer; The Likely Future Direction

Crude oil is one of the most widely traded commodities and besides its use for fuel and energy; oil-based products or its by-products find their way into every facet of our lives. Its price is affected by the economic backdrop as well as political and climatic developments. Carrying out analysis based on fundamental, political and […]