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Morning Call For Wednesday, August 22

Morning Call For Wednesday, August 22

Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.16%) this morning are down -0.06% on concern about President Trump’s legal woes after his former lawyer pleaded guilty to illegal campaign finance charges late Tuesday afternoon. European stocks are up +0.52% at a 1-week high and U.S. stock indexes recovered from their worst levels on strength in […]
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                        Markets: Follow Through

E Markets: Follow Through

The key to finding alpha is to know where the beta is – and in a market filled with little economic news, summer vacations and lack of new interest, momentum becomes a key risk factor along with liquidity. Over the last 2 days the USD has washed out long positions with Trump comments against the […]
Is Gold On Verge Of A Bottom, See For Yourself

Is Gold On Verge Of A Bottom, See For Yourself

The recent downward price swing in Gold has kept Goldbugs frothing at what they believe is a very unusual and unexplained price function in the face of so much uncertainty throughout the globe. With Turkey, Russia, China and many others experiencing massive economic and currency crisis events, Gold has actually been creeping lower as the […]
EURUSD: The Upward Movement Is Nearing Completion

EURUSD: The Upward Movement Is Nearing Completion

Previous: On Tuesday, the 21st of August, trading on the euro closed up. The euro rose to close the day at 1.1601 amid a general weakening of the US dollar and a decline in US bond yields. Market participants are trying to take US President Donald Trump’s latest statements seriously about the disagreement over the Fed’s […]
Markets Take US Political Developments In Stride

Markets Take US Political Developments In Stride

News that President Trump’s personal lawyer claimed he was instructed by the candidate to commit a federal crime and, separately, his the former campaign manager was found guilty on eight counts is hardly impacting the global capital markets. The dollar is narrowly mixed in consolidative trading after extending the correction that began last week. The […]
BTC/USD Forex Signal – Wednesday, August 22

BTC/USD Forex Signal – Wednesday, August 22

Yesterday’s signals were not triggered, as there was no bearish price action at $6,671, and insufficiently bearish price action at $6,805 Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered from 8am London time to 5pm Tokyo time, over the next 24-hour period only. Long Trade Go long after a bullish price action reversal […]
Can The Fed Successfully Steer Between Scylla And Charybdis?

Can The Fed Successfully Steer Between Scylla And Charybdis?

As I type this, the spread between 2 year and 10 year Treasuries is back to 0.25%, the level below which I switch my rating on the yield curve from positive to neutral. Already the spread is tight enough that, even if it never inverts, it suggests a slowdown in the next 6-12 months, as […]
GBP/USD Recovery Rally Has Its Limits

GBP/USD Recovery Rally Has Its Limits

The GBP/USD is consolidating its gains after the Brexit news. The market mood and the FOMC minutes stand out. The charts show slightly overbought conditions for the pair. The GBP/USD is trading below 1.2900, slightly lower on the day. The US Dollar is trying to recover from the lows. The greenback was hit by some ease in […]
Kennametal Working Tools Direct From Pittsburgh

Kennametal Working Tools Direct From Pittsburgh

This week I’m seeking a high-yield and growing stock from the industrials sector.  That sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between. Today I’m reviewing […]
USDCAD Daily Analysis – Wednesday, August 22

USDCAD Daily Analysis – Wednesday, August 22

USDCAD extended its downside movement from 1.3174 to as low as 1.3013. Further decline is still possible and next target would be at 1.2961 support. Near-term resistance is at 1.3070, only a breakout of this level could bring the price back towards 1.3174 previous high.