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Italian Bond Market Crisis Coming Up

Italian Bond Market Crisis Coming Up

Italy’s 10-Year bond yield surged around the Italian election. There’s heavy issuance in Sept and ECB tapering in Oct. The yield on Italian bonds surged in May on the victory of the League- and Five Star in the national election. The alliance does not intend to follow EU budget rules. Heavy issuance is coming up […]
GBP/USD: The Trouble May Be Far From Over

GBP/USD: The Trouble May Be Far From Over

The GBP/USD tumbled down on concerns of a no-deal Brexit and it may find it hard to claw its way back above 1.3000. The Technical Confluences Indicator shows that a dense congestion of resistance lines awaits at 1.2958. This includes the all-important Fibonacci 38.2% one-day, the Bolinger Band 1h-Upper, the one-day Lower, last month’s low, and the Simple […]
EUR/USD Breakout Direction Will Determine Wave Pattern

EUR/USD Breakout Direction Will Determine Wave Pattern

EUR/USD 4 hour Source: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave The EUR/USD is testing a critical support trend line (blue) which is decision zone for a continuation of the downtrend or extension of the bullish correction (pink WXY as indicated in the image). A bullish bounce confirms the current wave pattern whereas a bearish break below […]
Stocks For You To Swing-Trade: ALDR, TMO, HDP

Stocks For You To Swing-Trade: ALDR, TMO, HDP

Tuesday’s Swing-Trades: Long Alder Biopharmaceuticals (ALDR) Long Thermo Fisher Scientific (TMO) Short Hortonworks (HDP)
Gold Prices Echo Externally Inspired US Dollar Volatility, RBA On Tap

Gold Prices Echo Externally Inspired US Dollar Volatility, RBA On Tap

Gold prices declined as the US Dollar returned to the offensive, sapping the appeal of anti-fiat alternatives epitomized by the yellow metal. The greenback rose to the highest level in 13 months against an average of its major counterparts. Meanwhile, a sentiment-driven rally in crude oil prices was aborted as reports of swelling Saudi exports crossed the wires. RBA IMPACT […]
AUDUSD Daily Analysis – Tuesday, August 7

AUDUSD Daily Analysis – Tuesday, August 7

AUDUSD stayed in a trading range between 0.7310 and 0.7483 for several weeks. Near-term resistance is at 0.7411, a break of this level could take the price towards 0.7483 resistance. Near-term support is at 1.7348, a breakdown below this level could trigger further downside move to test 0.7310 previous low support.
Sensex Opens Flat; Metal & Auto Stocks Gain

Sensex Opens Flat; Metal & Auto Stocks Gain

Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.2% while the Hang Seng is up 0.7%. The Shanghai Composite is trading up by 1.4%. The three major US stock indices closed higher on Monday as investors applauded a strong US earnings season with results from Berkshire Hathaway impressing and […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, August 7

S&P 500 And Nasdaq 100 Forecast – Tuesday, August 7

S&P 500 The S&P 500 initially pulled back during the day on Monday, but then rally again to reach towards the 2850 level. The market looks likely to try to reach the highs at the 2880 handle, but at this point you probably need to find short-term pullbacks to pick up a little bit of […]
Here’s Why This FAANG Powered ETF Can Keep Outperforming

Here’s Why This FAANG Powered ETF Can Keep Outperforming

(Audio length 00:24:56) In this episode of ETF Spotlight, I talked with John Frank, QQQ equity product strategist at Invesco. We discussed the Invesco QQQ ETF (QQQ, which is based on the Nasdaq-100 Index. The Nasdaq-100 index is made up of 100 largest non-financial companies listed on the Nasdaq. While most investors think of QQQ […]
When Is Investing Like Gambling?

When Is Investing Like Gambling?

Last May, Kit Chellel wrote a very interesting article for Bloomberg News about Bill Benter, who won $900 million betting on horse races. The races he bet on were run on a parimutuel system, where odds are updated in proportion to how bettors bet, with the house simply skimming a commission off the top. One passage in […]