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Tesla: Production Even Close To Estimates, Huge For Earnings

Tesla: Production Even Close To Estimates, Huge For Earnings

It was reported by Electrek that Tesla is apparently on track with their Model 3 quarterly ramp but below their 6,000/week target. The ramp is just so big that small misses don’t really matter. Worrying about such precise measurements misses the big picture. Tesla even coming close to their targets means that Q3 deliveries would jump about […]
A Shorter Work Week?

A Shorter Work Week?

The biggest European union has managed to achieve a long-standing goal: German metal-workers can now work a 28-hour week, if they wish. John Pencavel tells the story and draws out some implications for US labor markets in “The Future of Hours of Work?” a Policy Brief written for the Stanford Institute of Economic Policy Research (September 2018). […]
Turkey’s Crisis Spirals As Inflation Surges, Producer Prices Rise ‘Appalling’ 32%

Turkey’s Crisis Spirals As Inflation Surges, Producer Prices Rise ‘Appalling’ 32%

Well, August inflation data for Turkey is out and as expected, the news isn’t great. With the lira in free fall and the central bank hamstrung by Erdogan’s recalcitrance on rates, the annual inflation rate surged to 17.9% last month from 15.9% in July. That was worse than estimates. (Bloomberg) Here’s core: (Bloomberg) And here […]
Bitcoin Bulls Need To Overcome Key Resistance To Rally

Bitcoin Bulls Need To Overcome Key Resistance To Rally

Bitcoin continued its gradual climb over the weekend, extending the recovery. So far, the moves have been steady-handed. What could boost the BTC/USD into overdrive? The Technical Confluence Indicator shows that Bitcoin faces a significant congestion of resistance levels at $7260 were we see the Simple Moving Average 100-15m, BB 15m-Upper, the Fibonacci 38.2% one-day, the 4h-high, the […]
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                        Markets: No Do-Overs

E Markets: No Do-Overs

End of the Summer and there are no do-overs as Europe gets back to work and starts to think about the lessons learned and apply them for an Autumnal risk-rally. The problem remains one around politics and emerging markets. This week will focus still on Trump trade policy and how it plays out in Canada […]
​GBP/USD Regular Or A Runaway Gap?

​GBP/USD Regular Or A Runaway Gap?

Source: Admiral Markets MT5 with MT5 – 03.09.2018 09:36 AM The GBP/USD has formed a retail gap after some Brexit comments during the weekend. The problem is that the gap is still open and we don’t know if it is the regular or a runaway gap. However, the channel is still inclined to the upside and the 1.2890-96 zone is crucial. […]
Sensex Slumps 330 Points; FMCG Stocks Lead Losses

Sensex Slumps 330 Points; FMCG Stocks Lead Losses

After opening the day in green, share markets in India witnessed negative trading activity at in the final hours of the trading session and ended the day in the red. Sectoral indices traded mixed, with stocks in the realty sector and stocks in the FMCG sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 332 points (down 0.9%) […]
BTC/USD Forex Signal – Monday, September 3

BTC/USD Forex Signal – Monday, September 3

Last Thursday’s signals were not triggered, as there was no bullish price action at $6,867. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before 5pm Tokyo time, over the next 24-hour period only. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of […]
USDCAD Daily Analysis – Monday, September 3

USDCAD Daily Analysis – Monday, September 3

USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3174 had completed at 1.2887 already. Further rise is still possible and next target would be at 1.3174 resistance. Near term support is at 1.3015, only a breakdown below this level could take the price back towards 1.2887 […]
Will Tough Times Persist For Argentina ETFs?

Will Tough Times Persist For Argentina ETFs?

The Central Bank of Argentina raised its key interest rate to 60% in an unscheduled meeting on Aug 30 to cope with the foreign exchange situation and risk of greater inflation. The Argentina economy is on the verge of recession as it shrank 6.7% in June from the same period last year, representing the largest […]