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Euro-Zone Weakness Is Finally Expressed In EUR/USD

Euro-Zone Weakness Is Finally Expressed In EUR/USD

The EUR/USD is trading lower, yet still within a very tight range. Disappointing euro-zone figures and a Federal Reserve that is keen raise rates may push the pair lower.  The technical picture is slightly more bearish but further evidence is needed. The EUR/USD is trading at around $1.2310, lower on the day and close to the bottom […]
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                        FB Offers 31.58% Return In 56 Days

E FB Offers 31.58% Return In 56 Days

A few weeks ago, I watched an excellent video of Carter Worth on CNBC discussing FB stock. He was a committed seller of the stock for some very sound technical reasons. FB has certainly had a rough time of it lately but it has bounced quite well off the lows. That leads me to ask, […]
OPEC Strategy Bears Fruit As Oil Prices Break Out

OPEC Strategy Bears Fruit As Oil Prices Break Out

OPEC embarked upon a disastrous strategy in 2014 when it decided to defend market share against U.S. shale oil producers, but its new strategy is having the desired effect on the oil markets. In late 2016 OPEC engineered significant oil production cuts in order to address an oversupplied oil market. Global crude oil inventories had […]
Strong Canada Consumer Price Index (CPI) To Derail USD/CAD Rebound

Strong Canada Consumer Price Index (CPI) To Derail USD/CAD Rebound

Another uptick in Canada’s Consumer Price Index (CPI) may derail the recent rebound in USD/CAD as it puts pressure on the Bank of Canada (BoC) to implement higher borrowing-costs sooner rather than later. Recent comments from the BoC suggests the central bank remains in no rush to raise the benchmark interest rate as officials argue […]
AUDUSD Daily Analysis – Friday, April 20

AUDUSD Daily Analysis – Friday, April 20

AUDUSD broke below 0.7738 key support, suggesting that the upside movement from 0.7642 had completed at 0.7813 already. Further decline could be expected after a minor consolidation and next target would be at 0.7650 area. Resistance levels are at 0.7760 and 0.7813, only break above these levels could trigger another rise towards 0.7850.
Preview: FANG Stock Earnings Season Completes Next Week

Preview: FANG Stock Earnings Season Completes Next Week

Earnings season starts in earnest next week. Netflix reported. The rest of the FANG stocks report next week; Google, Facebook and Amazon. Let’s preview. Google Earnings Monday After The Close Google (Nasdaq: GOOG), (Nasdaq: GOOGL) reports after the close Monday with a conference call at 4:30 EDT. Last quarter showed accelerated revenue growth but weaker gross […]
Cryptocurrencies: Bears Were Warned

Cryptocurrencies: Bears Were Warned

On April 10th I wrote an analysis calling for a possible reversal in cryptocurrencies and warning that it was not the time for someone to be bearish. Our view was confirmed and the four major cryptos we are monitoring reversed higher with a potential of higher levels still in place. BTC/USD Bitcoin Bitcoin has broken above the […]
Sensex Trades In The Red; IT Stocks Top Gainers

Sensex Trades In The Red; IT Stocks Top Gainers

After opening the day in the red, share markets in India witnessed choppy trading activity throughout the day and are presently below the dotted line. Sectoral indices are trading mixed with stocks in the PSU sector and stocks in the realty sector trading in red. While stocks in the consumer durables sector are trading in green. The BSE Sensex is down by 55 points (down […]
Can Tech Earnings Live Up To Expectations?

Can Tech Earnings Live Up To Expectations?

Video Length: 00:10:41 We are off to a strong start in the Q1 earnings season, with both the growth pace as well as the proportion of positive surprises tracking above even the very strong performance we had seen in the preceding earnings season. With Tech sector earnings taking the spotlight in the coming days, it […]
WTI Crude Oil And Natural Gas Forecast – Friday, April 20

WTI Crude Oil And Natural Gas Forecast – Friday, April 20

WTI Crude Oil The WTI Crude Oil market initially rallied on Thursday but found enough resistance just below the $69.50 level to turn around and form a shooting star for the day. I think that the market will continue to find buyers on pullbacks, and that pullback is probably coming now. A breakdown below the […]