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GBPUSD: Sees Price Follow Through Higher

GBPUSD: Sees Price Follow Through Higher

GBPUSD pair continues to retain its upside pressure on recovery extending its Friday gain. Support lies at the 1.3850 level where a break will turn attention to the 1.3800 level. Further down, support lies at the 1.3750 level. Below here will set the stage for more weakness towards the 1.3700 level. Conversely, resistance stands at […]
Amazon And Everybody Else

Amazon And Everybody Else

You’ve heard it a hundred time before, but the run that Amazon.com (AMZN) has had over the last year or so, leaves all other accomplishments in the dust. Since the start of 2017 alone, the stock has more than doubled. That’s impressive enough in its own right, but for mega-cap companies, that kind of move […]
Do Low Rates Encourage Yield Seeking By Money Market Funds?

Do Low Rates Encourage Yield Seeking By Money Market Funds?

from Liberty Street Economics — this post authored by Gabriele La Spada The term “reach for yield” refers to investors’ tendency to buy riskier assets in hopes of securing higher returns. Do low rates on safe assets encourage such yield-seeking behavior, particularly among U.S. prime money market funds (MMFs)? In a forthcoming paper in the Journal of Financial Economics, I […]
There Is An Old Saying

There Is An Old Saying

There is an old saying: “You can lay all the economists end to end and they will still not reach a conclusion.” While there may be some truth to this, there is widespread agreement among most economists (with Peter Navarro perhaps being an exception) that unrestricted trade is beneficial and protectionism is bad for any country. Trade […]
Micron Shares In ‘Early Stages Of Another Major Breakout,’ Analyst Says

Micron Shares In ‘Early Stages Of Another Major Breakout,’ Analyst Says

Shares of Micron (MU) are rising after two analysts raised their price targets on the stock, citing memory market changes and potential capital returns. ‘BUY THE BREAKOUT’: On Monday, Nomura Instinet analyst Romit Shah raised his price target for Micron Technology to $100 from $55 citing multiple expansion. After consolidating over the last four months, […]
Is The Dot.Com Bubble Back?

Is The Dot.Com Bubble Back?

Let me start out by saying I hate market comparisons. While history certainly does “rhyme,” they are never the same. This is especially the case when it comes to the financial markets. Chart patterns may align from time to time, but such is more a function of pattern-fitting than anything else. However, when it comes to fundamentals, […]
5 Major Reasons Why People Go Bankrupt

5 Major Reasons Why People Go Bankrupt

When it comes to getting into financial trouble and going bankrupt, many people think the reason is poor finances. While this does play a role, there are other reasons why people go bankrupt. In fact, in some cases, the cause of bankruptcy is out of the control of the person involved. Someone who is doing […]
Silver Does It Again! Severe Consequences

Silver Does It Again! Severe Consequences

In the free analysis that we posted last Monday, we warned that Friday’s session was likely to be volatile and tricky. This seems to have indeed been the case for silver. The white metal declined early in the day only to rally almost 40 cents from the initial low. In our previous alert, we discussed the […]
Technical Market Report – Monday, March 12

Technical Market Report – Monday, March 12

The good news is: The Nasdaq composite (OTC) closed at an all time high Friday, new lows have disappeared and the secondaries are leading the blue chips upward.​ The Negatives Leadership continues to narrow. 52 week new highs are far from confirming new index highs. The first chart covers the past 6 months showing the […]
Technical Market Report

Technical Market Report

The good news is: The Nasdaq composite (OTC) closed at an all time high Friday, new lows have disappeared and the secondaries are leading the blue chips upward.​ The Negatives Leadership continues to narrow. 52 week new highs are far from confirming new index highs. The first chart covers the past 6 months showing the […]