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AUDUSD Daily Analysis – Monday, April 2

AUDUSD Daily Analysis – Monday, April 2

AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 could be treated as consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 0.7600 area. Resistance is at 0.7710, only a break of this level could bring price back to 0.7760 zone.
Monday Blues

Monday Blues

The US dollar drifted a little lower in Asia to start the week while equities had a slightly heavier bias. The MSCI Asia Pacific Index slipped 0.1%. European bourses are mostly closed for the extended Easter holiday, while the S&P is set to start the new quarter about 0.3% lower. Although the subdued price action […]
The End Of An Especially Volatile Quarter For The S&P 500

The End Of An Especially Volatile Quarter For The S&P 500

The S&P 500 ended a tumultuously volatile 2018-Q1 with a small loss for the quarter, even though the index finished up for the holiday-shorted fourth week of March 2018. Exiting Week 4 of March 2018, we find that investors would appear to be focusing on the distant future defined by the expectations associated with 2019-Q1. We also […]
NYSE Margin Debt

NYSE Margin Debt

NYSE Margin debt is one of those old stock market indicators that has been around for a long time with history back to 1950, and many analysts making use of it through the ages as another data piece to understand the lay of the market land, investor leverage, and investor capacity for buying.  But something […]
Indian Indices Trade Marginally Higher; Healthcare Sector Up 1.9%

Indian Indices Trade Marginally Higher; Healthcare Sector Up 1.9%

After opening the day on a positive note, stock markets in India have continued their momentum and are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the healthcare sector and auto sector witnessing maximum buying interest. The BSE Sensex is trading up 123 points (up 0.4%) and the NSE Nifty is trading up 42 points (up 0.4%). The BSE […]
Why “Entitlement” Cuts And Not Tax Increases Again?

Why “Entitlement” Cuts And Not Tax Increases Again?

John Cochrane has to remind us that he co-authored a really bizarre oped: Unless Congress acts to reduce federal budget deficits, the outstanding public debt will reach $20 trillion a scant five years from now, up from its current level of $15 trillion. That amounts to almost a quarter of million dollars for a family of four, […]
AUD/USD Forecast Apr. 2-6, 2018 – Sliding Lower In The Channel

AUD/USD Forecast Apr. 2-6, 2018 – Sliding Lower In The Channel

The Australian dollar continued struggling and lost further ground leading into Easter. Will its fate turn around in the second quarter? Here are the highlights of the week and an updated technical analysis for AUD/USD. Fears of a trade war actually waned ahead of the holiday, but the Aussie continued its downside slide. The RBA may like […]
S&P 500 And Nasdaq 100 Forecast – Monday, April 2

S&P 500 And Nasdaq 100 Forecast – Monday, April 2

S&P 500 The S&P 500 tried to rally during the day on Thursday but rolled around a bit as we got near the 2655 level. Obviously, Friday was Good Friday, so there’s not much to say about that other than it has been a market that tried to rally but failed a bit. I think […]
The Problem With A State-Cartel Economy: Prices Rise, Wages Don’t

The Problem With A State-Cartel Economy: Prices Rise, Wages Don’t

The vise will tighten until something breaks. It could be the currency, it could be the political status quo, it could be the credit/debt system-or all three. The problem with an economy dominated by state-enforced cartels and quasi-monopolies is that prices rise (since cartels can push higher costs onto the consumer) but wages don’t (since cartels […]