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New Opportunity Emerges After Trump Trade Cools

New Opportunity Emerges After Trump Trade Cools

To say the financial markets are undergoing a fit would be an understatement. As you know, stocks soared in the three months that followed Donald Trump’s surprise victory. And the rally was led by stocks that had previously been laggards: financials, industrials and materials. Yet the epic failure of the Trump administration to repeal and […]
Pound Peeks At Higher Levels, Peaks For Now

Pound Peeks At Higher Levels, Peaks For Now

GBP/USD reached 1.2915, the highest level since October. This is above the previous high of 1.2905 seen after the announcement of the UK elections on June 8th. After reaching the new high, Sterling became shy once again. Is this a false break? Perhaps, but one that could preclude a second, more determined move. Momentum is with the […]
GBPUSD Near Completion Of Important Highs

GBPUSD Near Completion Of Important Highs

On April 18th I was turning bullish GBPUSD looking for a move towards 1.30. Now we are here (very close) and I believe it is time to think our next steps. #GBPUSD on the road to 1.30? pic.twitter.com/OLAeoHvFxq — Alexandros Yfantis (@alexanderYf) April 18, 2017 So far the recent breakout above the short-term triangle is […]
Trump Can’t Get Over His Wall

Trump Can’t Get Over His Wall

The President of America pledged that he’d build a wall along the USA’s southern border, and that Mexico would pay for it. Obviously, Mexico isn’t too keen to pay for something it absolutely does not want, so it was never likely to front up the cash. Trump suggested that the wall would be funded by […]
Crude Oil Price Recovery Aborted As Trump Tax Plan Disappoints

Crude Oil Price Recovery Aborted As Trump Tax Plan Disappoints

Crude oil prices roared higher after EIA inventory data showed stockpiles shed 3.64 million barrels last week, marking a stark departure from an analogous API report that reported a small build over the same period. The move higher proved short-lived however as risk appetite soured after the White House tax reform proposal failed to impress. The WTI benchmark retreated alongside […]
Gold Price Plunges As Wall Street Indices Soar

Gold Price Plunges As Wall Street Indices Soar

The US Economy Is Running Red Hot and Gold Is Persona Non-Grata The S&P 500 index is currently trading at 2,392.23, up 6.85% and 16.86% over the course of 1 year. The 52-week range topped out at 2,400.98, with a low of 1,991.68. For binary options traders, all these numbers may seem irrelevant to the […]
BoJ Raises Economic Assessment While Keeping Policy Steady

BoJ Raises Economic Assessment While Keeping Policy Steady

Bank of Japan April Meeting Summary: Interest rates left unchanged at -0.10% QQE purchases unchanged at 80 trillion yen 2017 – 2018 GDP forecasts increased from 1.5% to 1.6% 2017 – 2018 (core) inflation forecasts reduced from 1.5% to 1.4% Inflation goal expected to be reached by April 2018 As widely expected, the Bank of […]
GBP: When Will The GBP Peak? Where To Target? – NAB

GBP: When Will The GBP Peak? Where To Target? – NAB

The pound is on the move higher after the elections announcement. After the initial move, it consolidated its gains. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that GBP has surged since the announcement of early UK elections. In that regard, NAB argues that while there are several reasons for the […]
The Main Highlights In Trump’s Sweeping Tax Reform Proposal

The Main Highlights In Trump’s Sweeping Tax Reform Proposal

In brief, the tax reform was largely in line with what was leaked and what was expected. Small surprises: the tax bracket for high income earners was 2% more (at 35%) than what Trump campaigned on, and the standard deduction has been doubled so that no married couple pays tax on their first 24k earned, […]
Amazon Q1 Earnings Preview: How Much Will AWS Grow?

Amazon Q1 Earnings Preview: How Much Will AWS Grow?

In what promises to be one of the busiest days of season, several of the world’s biggest tech companies, including the likes of Alphabet (GOOGL – Free Report) and Microsoft (MSFT – Free Report) , are set to post their latest reports on Thursday. Nevertheless, investors can expect internet behemoth Amazon (AMZN – Free Report) to hog the attention when it […]