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Gold Miners Setting Up For Big Rally

Gold Miners Setting Up For Big Rally

The recent rally attempt of the gold stocks fizzled out as the December 2016 lows failed to hold. Now the miners are making new lows. As they pine for the next support they figure to be even more oversold as more bulls throw in the towel. These are the conditions needed to engender a significant […]
EUR/USD Decision Zone At 61.8% Fibonacci Support

EUR/USD Decision Zone At 61.8% Fibonacci Support

EUR/USD 4 hour Source: Admiral Markets MT5 with MT5 EUR/USD motive wave – 7 September 2018 at 4:00 AM GMT The EUR/USD seems to be building a bullish ABC zigzag (purple). The price will need to break above the resistance trend line (red) before it can confirm the wave C pattern, whereas a break below the support trend line […]
Goldman Sachs: 3 Stellar Hedge Fund Stocks

Goldman Sachs: 3 Stellar Hedge Fund Stocks

Goldman Sachs released a very valuable report setting out hedge funds’ favorite stocks right now. This is based on just-released SEC forms filed by the funds setting out their second quarter trades. “From an implementation standpoint, the hedge fund VIP list represents a tool for investors seeking to ‘follow the smart money’ based on 13F […]
EUR/USD Awaits The NFP, Tariffs, Under Downtrend Resistance

EUR/USD Awaits The NFP, Tariffs, Under Downtrend Resistance

The EUR/USD is ticking up ahead of the US Non-Farm Payrolls. Markets also await potential new US tariffs on China. The technical picture is slightly bullish for the pair. The EUR/USD is trading higher, rising within the 1.1600 handle. The US Dollar is slightly weaker on Friday. The deadline for public comments on potential new US tariffs […]
Gold Prices May Resume Decline On US Jobs Report

Gold Prices May Resume Decline On US Jobs Report

Gold prices managed a second day of corrective gains after Tuesday’s sell-off. The lion’s share of intraday gains evaporated as renewed risk aversion buoyed the US Dollar however, sapping the appeal of the perennially anti-fiat yellow metal. Risk aversion sank crude oil prices however. Investors’ mood soured amid continued worries about instability in emerging market assets as Fed tightening drives […]
AUDUSD Daily Analysis – Friday, Sept. 7

AUDUSD Daily Analysis – Friday, Sept. 7

AUDUSD continued its sideways movement in a trading range between 0.7144 and 0.7235. A breakdown below 0.7144 support could trigger another downside movement towards 0.7100. On the upside, a breakout of 0.7235 resistance could bring the price back to 0.7300 area.
Indian Indices Trade On A Negative Note; Banking And Pharma Stocks Witness Selling

Indian Indices Trade On A Negative Note; Banking And Pharma Stocks Witness Selling

Asian shares are trading on a negative note today. Asian shares hit a 14-month low on the back of worries that a new round of Sino-US tariffs could come at any moment. The Nikkei 225 is down 1.1% while the Hang Seng is down 0.8%. The Shanghai Composite is trading down by 0.1%. Back home, India share […]
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                        Market Briefing For Friday, Sept. 7

E Market Briefing For Friday, Sept. 7

Discretion is the better part of valor as you work into market extremes, and that’s essentially a topic the market is telling you needs exploring. Yes, I have been skeptical of the rebounds lately; coming a year-and-a-half or more after we took an ‘all-in’ approach of the market ‘going to the Moon’ if Trump won […]
Gold Rises On Dollar Weakness – Friday, Sept. 7

Gold Rises On Dollar Weakness – Friday, Sept. 7

Gold prices ended Thursday’s session up $3.43, extending gains to a second straight session. Some safe-haven demand was featured, and a weaker U.S. dollar index also favored the gold bulls. The private sector added 163000 jobs in August, according to the ADP National Employment Report. Traders are waiting to see what the official monthly jobs […]
Market Valuation, Inflation And Treasury Yields: Clues From The Past – Thursday, Sept. 6

Market Valuation, Inflation And Treasury Yields: Clues From The Past – Thursday, Sept. 6

Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a “normal” market environment — one with conventional business cycles, Federal Reserve policy, interest rates, and inflation — current valuation levels would be a serious concern. But these are different times. The […]