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BTC/USD And BTC/JPY Forecast – Friday, April 20

BTC/USD And BTC/JPY Forecast – Friday, April 20

BTC/USD Bitcoin was slightly positive during the session on Thursday, gaining over 1%. However, there seems to be a bit of resistance at the $8400 level, so I think we may continue to go back and forth. If we can break above the $8400 level, the market will probably go to the $9000 level next. […]
Cypress Semiconductor Ships Chips For IA, IOT, Etc.

Cypress Semiconductor Ships Chips For IA, IOT, Etc.

Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock […]
Indian Indices End Flat; IT Sector Ends 4.8% Higher

Indian Indices End Flat; IT Sector Ends 4.8% Higher

After opening their day on a negative note, Indian share markets witnessed choppy trades and ended their session on a flat note. Barring the IT sector, most of the sectoral indices ended the day lower with realty sector and banking sector witnessing maximum selling pressure. At the closing bell, the BSE Sensex stood lower by 12 points and the NSE Nifty closed flat. The BSE Mid Cap index […]
The Greenback Is Alive

The Greenback Is Alive

The US dollar is set to finish the week on a firm note. It reflects rising US yields, where the 10-year is above 2.90% for the first time since February and the widening two-year different between the US and Germany, which is holding just below 300 bp.  It is the fourth consecutive advancing session for […]
EUR/USD Breaks Support Line For Bearish Wave C Break

EUR/USD Breaks Support Line For Bearish Wave C Break

EUR/USD 4 hour The EUR/USD is breaking below the support trend line (dotted blue) which is creating a larger bearish wave structure and expanding the bearish correction. Price is probably building a bearish ABC (brown) correction and could fall to test the Fibonacci targets of wave Y vs W. 1 hour The EUR/USD broke below […]
US Business Cycle Risk Report – Friday, April 20

US Business Cycle Risk Report – Friday, April 20

The threat of a global trade war is a risk factor for the global economic outlook, warned the managing director of the International Monetary Fund on Thursday. But in the weeks since President Trump rolled out tariffs on Chinese imports – and China responded in kind – nothing much has changed in the hard data as it […]
Some Fed Officials Against More Hikes

Some Fed Officials Against More Hikes

Fed may encounter some policy mistakes leading the US economy into recession in coming years.Will USD/JPY test 105 again? Federal Reserve Bank of St. Louis President James Bullard said he doesn’t support more interest-rate increases unless there are upside surprises, in part because the yield curve may become inverted. We think the “upside surprises” he mentioned refers […]
Oil & Gold Vs. Oil & Gold Volatility Indices

Oil & Gold Vs. Oil & Gold Volatility Indices

Chart #1 is a monthly chart of WTIC Crude Oil (in the upper half) and the CL:OVX ratio (depicted in histogram format in the lower half). As I’ve noted recently, the major price resistance and support levels are 80.00 and 60.00, respectively. Corresponding to those are the major ratio resistance and support levels of 3.00 and 2.00, respectively. In this regard, it will be important for the ratio to remain above 2.00 and the ratio 5 MA to remain above […]
Pound Pressured On Rate Hike Uncertainty

Pound Pressured On Rate Hike Uncertainty

The Pound Sterling remained close to a 2-week trough versus the US Dollar after the head of the Bank of England dampened investors’ expectations of a May rate hike. Mark Carney, the BoE Governor, pointed to “other meetings” occurring later this year which led investors to believe that the anticipated May rate increase might now […]
EURUSD: Euro Expected To Continue Its Decline

EURUSD: Euro Expected To Continue Its Decline

Previous: On Thursday the 19th of April, trading on the euro closed down. The single currency slid against the dollar from 1.2400 to 1.2345. The local minimum is at 1.2329. Additionally, the greenback got a boost from a rise in US10Y bond yields, which have jumped from 2.86% to 2.934%. Aside from the dollar’s universal rise, […]