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EURUSD: A Rebound From The Lower Border Of The MA Channel Is Possible

EURUSD: A Rebound From The Lower Border Of The MA Channel Is Possible

Previous: On Wednesday the 27th of June, the euro fell by 93 pips against the dollar to 1.1553. The fall of the euro/dollar pair was due to the overall strengthening of the US currency, despite the decline in 10-year US Treasury bond yields and weak statistics. The dollar was supported by reports that the White House […]
Paying People Too Much – A US Problem

Paying People Too Much – A US Problem

Introduction The New York Times just published its annual report on executive pay. It is a regular reminder of just how out of line US income policies are relative to those in other developed nations. A summary of their results are presented in Table 1. Table 1. – Compensation of Highest Paid US Chief Executives […]
Euro Interest Rates

Euro Interest Rates

QUESTION: Mr. Armstrong; You have obviously been correct on the Euro. You even called the bounce but it stopped at 1.2550 and did not reach your ideal target of 1.28. You are saying that interest rates in Europe are more likely to rise faster than the ECB predicts. The French central banker Francois Villeroy de Galhau has […]
S&P 500 And Nasdaq 100 Forecast – Thursday, June 28

S&P 500 And Nasdaq 100 Forecast – Thursday, June 28

S&P 500 The S&P 500 has been very noisy during the trading session on Wednesday, as we initially rallied after it was noted that the Americans were not willing to step up the trade war, at least as far as banning Chinese citizens from investing in tech companies which would have been a major escalation. […]
Can An 11% Yield Be Safe?

Can An 11% Yield Be Safe?

Saying that income investors like high yields is like saying hungry kids (and certain investment writers) like cookies – it’s an understatement. So it’s no surprise that New Residential Investment Corp. (NYSE: NRZ) is one of the most requested stocks in the Safety Net column. This mortgage real estate investment trust (REIT) yields 11.1% and has raised the dividend every year […]
Trump To India: No Waiver On Iran Business

Trump To India: No Waiver On Iran Business

The last time, India had worked out a rupee-rial exchange system for India to pay for Iranian oil. Trump says not again. Impractical or not, India Times reports No waiver on Iran business. NEW DELHI: If India believed that just like the first round of Iran sanctions, it could negotiate a softer deal with the US, […]
Indian Indices Trade Marginally Lower; Rupee Hits All-time Low

Indian Indices Trade Marginally Lower; Rupee Hits All-time Low

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a negative note with stocks in the realty sector and consumer durables sector witnessing maximum selling pressure. The BSE Sensex is trading down by 103 points (down 0.3%), while the NSE Nifty is trading down by 46 points (down 0.4%). The BSE Mid Cap index is trading down by 0.9%, while the BSE […]
Time For A Bounce

Time For A Bounce

The McClellan oscillator is getting oversold, especially in the Nasdaq. We should get a bounce soon. Depending on how strong the bounce is will give us a clue as to whether we complete the ICL in July or whether we’re going to need another entire daily cycle before the final ICL, and this stretches out […]
EOS Rallied Despite Governance Chaos

EOS Rallied Despite Governance Chaos

EOS is having problems in its governance, but its token price was one of the only cryptos to see gains on Wednesday. There’s been a ton of controversy on EOS blockchain surrounding the structure of its governance. In its current constitution, there are three distinct groups work to ‘keep one another in check.’ These three […]
The Effects Of Heated Trade Rhetoric

The Effects Of Heated Trade Rhetoric

The intensifying trade talk between America and the EU and China have been the number one cause of market volatility this year. 9 out of the first 9 S&P 500 firms reporting earnings in Q2 beat estimates, but that’s irrelevant to the market when there is the potential for a trade war. The Charles Schwab chart […]