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Market Struggles For Direction

Market Struggles For Direction

The Syrian strike over the weekend, and the official indication that “mission accomplished” and that was a limited one-off strike has spurred a little market reaction. There is one more loose end, as it were, and that is that the US has indicated it will announce additional sanctions on Russia for its involvement in Syria’s […]
Retail Sales & Earnings Season Highlight An Expected Turbulent Week For Markets

Retail Sales & Earnings Season Highlight An Expected Turbulent Week For Markets

Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. The banks and financial institutions managed to beat results handily, […]
EUR/USD And GBP/USD Forecast – Monday, April 16

EUR/USD And GBP/USD Forecast – Monday, April 16

EUR/USD The EUR/USD pair had a volatile session on Friday, initially trying to break above the 1.2350 level, but then pulling back only to bounce again. By doing so, we ended up forming a hammer at the 50-day EMA, which of course is a very bullish sign. We still have the uptrend line and tact […]
February 2018 JOLTS Report: Positive Trend Revised Away

February 2018 JOLTS Report: Positive Trend Revised Away

Last month I wrote that the January JOLTS report reflected very positive trends. Today they got revised away. As a refresher, unlike the jobs report, which tabulates the net gain or loss of hiring over firing, the JOLTS report breaks the labor market down into openings, hirings, firings, quits, and total separations. I pay little […]
China GDP Data May Hint Towards A Strong Dollar Outlook

China GDP Data May Hint Towards A Strong Dollar Outlook

If Chinese yuan were to weaken after China GDP data, short AUD/USD? China 1Q GDP may reflect its waning domestic demand China 1Q GDP report is due tomorrow and the result is likely to point towards a relatively strong overseas demand and softer domestic demand. This may offer some sentiments to the market that weaker […]
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                        Is Nikkei 225 On The Rise Again?

E Is Nikkei 225 On The Rise Again?

Point 1 – Selling Climax Point 1 shows a low period of the Nikkei ì225 index with a high volume. The market rapidly loses its support around 21000 and then re-evaluate and closes above the support. The movement described is a bearish trap that generates panic selling on the part of small investor who liquidates […]
Cryptocurrencies Outlook – Monday, April 16

Cryptocurrencies Outlook – Monday, April 16

Discretionary outlook based on charts The major cryptocurrencies are stuck in a long-term bearish pattern of “lower highs and lower lows”. Bitcoin has broken above trendline resistance. Next resistance is at $9000. Ethereum is bumping up against trendline resistance. Bitcoin Cash is still going down in a “staircase pattern”. DASH has broken out above trendline […]
Commodities Surged Last Week, Leading Most Markets Higher

Commodities Surged Last Week, Leading Most Markets Higher

Most of the major asset classes scored gains last week, with broadly defined commodities leading the way, based on a set of exchange-traded products. The broadly defined iPath Bloomberg Commodity (DJP) posted its biggest weekly calendar advance in 2018 for the five trading days through April 13. The exchange-traded note was up 3.1%, closing at the highest […]
Indian Indices End Marginally Higher; Realty Stocks Witness Buying

Indian Indices End Marginally Higher; Realty Stocks Witness Buying

After opening their day on a negative note, Indian share markets witnessed buying interest and ended their session marginally higher. Gains were largely seen in the realty sector and healthcare sector, while losses were largely seen in the IT sector and telecom sector. At the closing bell, the BSE Sensex stood higher by 113 points (up 0.3%) and the NSE Nifty closed higher by 48 points (up […]
Bitcoin’s Path To 250K

Bitcoin’s Path To 250K

The United States, France, and the United Kingdom have carried out a series of airstrikes on the war-torn country of Syria. They have specifically targeted facilities that enable the Asaad Regime to carry out chem-warfare attacks.  In a place where things seemed like they couldn’t get any worse, this latest escalation is rather significant as it brings in […]