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GBP/USD Weekly Analysis – April 8, 2018

GBP/USD Weekly Analysis – April 8, 2018

GBP/USD stays in a trading range between 1.3711 and 1.4345. Another fall towards 1.3711 support could be expected next week. A breakdown below this level would suggest that the bullish movement from 1.1946 (Oct 7, 2016 low) had completed at 1.4345 already, then next target would be at 1.3500, followed by 1.3000. On the upside, […]
A Retest Of The Low?

A Retest Of The Low?

Conditions appear to be favorable for a re-test of the low in about a week. A cluster of cycles due to bottom in that time frame should bring about enough downside pressure to extend the decline which started on Friday. The Point & Figure chart pattern can also be interpreted as capable of projecting a […]
Forex Forecast: Pairs In Focus – April 8, 2018

Forex Forecast: Pairs In Focus – April 8, 2018

The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
4 Solid Insurance Picks: Can These Continue The Bull Run?

4 Solid Insurance Picks: Can These Continue The Bull Run?

As the year 2018 set in, the insurance industry started to witness the wheel of fortune turning in its favor with the rising interest rates, improving economy, lower-than-expected catastrophe loss (as compared to 2017, which emerged as the costliest year in terms of catastrophe loss) as well as a noteworthy tax reform effective Jan 1, […]
How Our Tracking Portfolios Did In March

How Our Tracking Portfolios Did In March

Investing is for the long term. Wealth is built not from short-term trades, but from following sound strategies and keeping costs low over a lifetime of investing. That said, it is important that we keep score. It is also interesting to see what short-term trends are developing in the market, and how both our mechanical […]
Us Dollar Gives Back Gains After NFP: Inflation Numbers On The Horizon

Us Dollar Gives Back Gains After NFP: Inflation Numbers On The Horizon

Fundamental Forecast for USD: Bearish Talking Points: Dollar Drops on Downbeat NFP: EUR/USD, GBP/USD Bounce From Key Supports. US Dollar Taking Few Cues From Fed Rate Pricing. INFLATION, FED MINUTES HIGHLIGHT NEXT WEEK’S US DATA The big items on the macro-economic calendar for next week both take place on Wednesday, with March inflation numbers released early in the […]
USD/JPY Turning A Corner? Not So Fast – Forecast April 9-13

USD/JPY Turning A Corner? Not So Fast – Forecast April 9-13

Dollar/yen started off the new fiscal year by extending its gains and moving higher. The optimism about a deal in the Korean peninsula, some optimism from Powell and a rise in US wages beat the fears of a trade war, at least for now. Can it continue? USD/JPY fundamental movers While the US gained only 103K jobs in […]
Indices’ Larger Pullback From The Highs Is Purely Technical

Indices’ Larger Pullback From The Highs Is Purely Technical

The indices’ larger pullback from the highs is purely technical despite whatever fundamental or reason the news suggests. I will show the technical reasoning. We will look at the Nikkei, FTSE, as well as the Hang Seng indices cycles up from the 2009 and 2008 lows. Each of these indices are shown progressively in the […]
The March Labor Market Update: Feebleness And Malfunction

The March Labor Market Update: Feebleness And Malfunction

The labor force hasn’t grown because the economy hasn’t. It really is just that simple. Because the economy isn’t actually growing, the labor market has been for a very long time caught in a chronic state of feebleness and malfunction. In linear terms, there are only positive numbers but that doesn’t matter nearly as much […]
Emerging Markets: Preview Of The Week Of April 9

Emerging Markets: Preview Of The Week Of April 9

EM and risk assets came under greater pressure Friday as trade tensions mount. This backdrop is not conducive for EM by any stretch, and unless tensions are ratcheted down, selling pressures are likely to remain in play.  China reports March new loan and money supply data this week, but no date has been set. It reports March CPI […]