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AUD/USD Forex Signal – Monday, Dec. 4

AUD/USD Forex Signal – Monday, Dec. 4

Last Thursday’s signals produced a possible short trade following the bearish engulfing candle rejection of the resistance level identified at 0.7594, but it wouldn’t have given a great reward to risk as there was then a very successful bullish trade from the bullish inside candle bouncing from the support level identified at 0.7556! Two winning trades […]
Turkey At Risk Of Hyperinflation As CPI Soars To 14-Year High

Turkey At Risk Of Hyperinflation As CPI Soars To 14-Year High

Turkey’s currency is being battered from all sides at the moment. In October 2017, the Lira fell sharply after both countries suspended bilateral visa processing in the latest US/Turkey diplomatic spat (although this was reversed in early November). Two weeks ago, it fell to a record low of 3.97 to the dollar, prompting the central bank to […]
U.K. Construction PMI Beats Expectation; Pound Gains

U.K. Construction PMI Beats Expectation; Pound Gains

U.K. Construction PMI Beats Expectation Ahead of Brexit Talks The U.K. construction sector expanded more than projected in November, following the surged in business confidence in the sector. According to IHS Markit, the construction Purchasing Managers’ Index (PMI) climbed to 53.1 in November from 50.8 in October. This is the largest expansion in five months and […]
US Dollar Marked Higher After Senate Passes Tax Reform

US Dollar Marked Higher After Senate Passes Tax Reform

The US dollar opened higher in Asia and retained those gains through the European morning. The greenback has recouped most of the pre-weekend losses recorded in the wake of the indictment of a fourth former Trump Administration official by the special investigation into Russia’s involvement in last year’s election.  However, two-weekend developments seemed to blunt […]
Blue Apron Upgraded To Equal Weight From Underweight At Barclays

Blue Apron Upgraded To Equal Weight From Underweight At Barclays

  Barclays analyst Ross Sandler upgraded Blue Apron (APRN) to Equal Weight and raised his price target for the shares to $4 from $3. The meal delivery service closed Friday up 24c to $3.23. With the stock down 15% since the last earnings report, the risk/reward appears more favorable, Sandler tells investors in a research […]
4 Major Cannabis Acquisitions From The Last Quarter

4 Major Cannabis Acquisitions From The Last Quarter

Last week, we published an article that highlighted some of the recent merger and acquisition (M&A) activity within the legal marijuana industry. In this article, we explained how the legal marijuana industry is in the early innings of a major consolidation cycle and how we expect this trend to significant accelerate over the next year. […]
US Stocks Bucked The Trend With Another Solid Gain Last Week

US Stocks Bucked The Trend With Another Solid Gain Last Week

Selling dominated trading last week for the major asset classes, based on a set of exchange-traded products. The main exception: US equities, which posted a solid advance. Vanguard Total US Stock Market (VTI) increased 1.5% over the five trading days through Dec. 1. The weekly rise marks the ETF’s third straight weekly gain, leaving the fund just […]
Above The 40 – Another Sharp Panic Paves The Way For Fresh Buying

Above The 40 – Another Sharp Panic Paves The Way For Fresh Buying

AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.6% of stocks are trading above their respective 200DMAsVIX = 11.4Short-term Trading Call: cautiously bullish Commentary I call it a mini panic dip. Political news roiled the stock market for a brief moment, a grand 30 minutes in total (it sure seems like […]
Dull Start To The Week; Software & Metal Stocks Rise

Dull Start To The Week; Software & Metal Stocks Rise

Indian share markets continued to trade on a flat note in the afternoon session ahead of the Reserve Bank of India’s policy meeting on Wednesday. At the closing bell, the BSE Sensex closed higher by 37 points and the NSE Nifty finished higher by 6 points. The S&P BSE Mid Cap finished down by 0.1% while S&P BSE Small Cap finished down by 0.5%. Software […]
EUR/USD: Buyers Retreating To The Trend Line

EUR/USD: Buyers Retreating To The Trend Line

Previous: Friday’s trading on the euro/dollar pair closed slightly down. Sellers erased nearly all their gains in the US session after the news that former national security advisor Michael Flynn was ready to give testimony against Trump. The euro jumped 84 pips from 1.1851 to 1.1935. Once markets had calmed down, the euro receded to […]