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Tax Bill Analysis: Spend Your Extra $100 Wisely

Tax Bill Analysis: Spend Your Extra $100 Wisely

In the Senate tax bill, someone making $100K gets an extra $100 to spend in 2027. Those making less than $75K lose money Tax reform was supposed to be simpler, more fair, not add to the deficit. and lower taxes on the middle class. It did none of those things, but it did lower taxes […]
UK Construction PMI Beats With 53.1 – GBP Awaits Brexit Talks

UK Construction PMI Beats With 53.1 – GBP Awaits Brexit Talks

The UK construction sector continues recovering, with a score of 53.1 points in Markit’s construction PMI. This is significantly better than expected and points to stronger growth in this sector. GBP/USD is stable at 1.3440. It seems to be waiting for news from Brussels. Brexit negotiations are becoming intense (see details below the chart). Here is […]
FX Week Ahead: Payrolls, BoC And RBA Meetings

FX Week Ahead: Payrolls, BoC And RBA Meetings

The markets open a new week in December with the economic calendar busy with the monthly data. A busy week for most of the G7 currencies, this week will see the RBA and the Bank of Canada holding their final monetary policy meetings for this year. No changes are expected from both the central banks. […]
Elliott Wave Intraday: AUD/JPY, Nikkei, Oil, USD/CAD

Elliott Wave Intraday: AUD/JPY, Nikkei, Oil, USD/CAD

Good day traders!  (Video length 00:11:20) Here is an intra-day VIDEO for AUD/JPY, NIKKEI, OIL, USD/CAD. Check it and have fun!
Human Well-Being, Economic Growth And So-Called Decoupling

Human Well-Being, Economic Growth And So-Called Decoupling

Some people claim that humans—called breatharians—can live on air alone. Others claim we can have economic growth without increasing our resource use, so-called decoupling. Neither claim withstands scrutiny though here I am only going to deal with the second one. Hidden beneath the claim of decoupling is the assertion that human well-being and economic growth are […]
Sensex Trades In Green; Infosys Up 3.5%

Sensex Trades In Green; Infosys Up 3.5%

After opening the day on a positive note, the Indian share markets have continued the momentum and are currently trading in green. Sectoral indices are trading mixed, with stocks in the IT sector and the telecom sector witnessing maximum buying interest, while stocks in the consumer durables sector are leading the losses. The BSE Sensex is trading up 105 points (up 0.3%) and the NSE Nifty is […]
Macro Mondays: Margin Trading

Macro Mondays: Margin Trading

Welcome to yet another edition of Macro Mondays! The parallels between investing and gambling are quite evident, but they become blatantly obvious when you take a look at margin trading. If you visit a casino, are you allowed to borrow money from the casino to bet? This might sound silly, but it isn’t when it […]
BSE Sensex 30 Index: Multiple Time Frame Geometric Analysis

BSE Sensex 30 Index: Multiple Time Frame Geometric Analysis

Short-Term/Daily: Uptrend in place since September 28, 2017. Market bounced off support last Friday. Intermediate-Term/Weekly: Uptrend progressing since February 29, 2016. Market dropping following hit of circular resistance. Possible change of trend. Long-Term/Monthly: Uptrend since March 2009. Possible failed breakout of a large geometric channel, with a potential drop to channel support coming, which would produce an intermediate-term […]
EUR/USD Wedge Pattern Awaits Bearish Or Bullish Breakout

EUR/USD Wedge Pattern Awaits Bearish Or Bullish Breakout

EUR/USD 4 hour The EUR/USD could be in a wave B (purple) bearish retracement If price is able to break below the support trend line (blue). A bearish breakout could see price fall and challenge the Fibonacci levels of wave 2 vs 1 (pink). 1 hour The EUR/USD break below support (blue) could see price […]
Stock Market 2018: The Tao Vs. Central Banks

Stock Market 2018: The Tao Vs. Central Banks

The central banks claim omnipotent financial powers, and their comeuppance is overdue. I will be the first to admit that invoking the woo-woo of the Tao as the reason to expect a reversal of the stock market in 2018 smacks of Bearish desperation. With everything coming up roses in much of the global economy, there is […]