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EOG Resources Looks To Break Out Of A Consolidation

EOG Resources Looks To Break Out Of A Consolidation

Crude oil climbed sharply this week after the release of some very light inventory numbers last week and stronger demand estimates. With the commodity trading above $72 per barrel, many energy names got a strong boost up. No one came close to EOG Resources, which closed near its all-time high – and I don’t think […]
Weekly Technical Perspective On The Canadian Dollar (USD/CAD)

Weekly Technical Perspective On The Canadian Dollar (USD/CAD)

In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The Canadian Dollar rallied to a 15-week high against the US Dollar last week (USD/CAD lower) with a near-term recovery in price likely to offer opportunities in the days ahead. Here are […]
Have You Driven A Ford Lately?

Have You Driven A Ford Lately?

We’re in for a very interesting 72 hours, that’s for sure. As we await the Fed, however, here are a few charts. I’ll be watching this tinted yellow on the bonds quite carefully. This would be an appealing entry point for a short: The ES and NQ are both quite green at the moment, but […]
Trading The US GDP With EUR/USD

Trading The US GDP With EUR/USD

The final release of US GDP is closely watched to see if the robust growth number is confirmed.  The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The EURUSD moved, on average, 15 pips in the 15 minutes after the data release and 41 pips in the following […]
Nike Shares Down Despite Yesterday’s Strong Earnings

Nike Shares Down Despite Yesterday’s Strong Earnings

On Tuesday, September 25th, 2018, Nike (NKE) reported their fiscal first-quarter earnings after the market closed for regular trading. Net income came in at a whopping $1.09 billion dollars, easily beating estimates. Profits came in at $0.67 per share also blowing away estimates of $0.62 per share from most analyst expectations. The quarterly revenue, another […]
Checkup Time

Checkup Time

Ahead of this afternoon’s FOMC expected rate hike announcement, the major US equity indices are in a bit of a holding pattern awaiting the next potential catalyst. With the pause in the action, we thought it would be a good time to provide an update on where the major US equity indices currently stand. As […]
BTC/USD Forex Signal – Wednesday, Sept. 26

BTC/USD Forex Signal – Wednesday, Sept. 26

Yesterday’s signals were not triggered, as the bullish price action took place below $6,367. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time, over the next 24-hour period only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of $6,353 […]
5 Stocks To Buy As New Analysts Initiate Coverage

5 Stocks To Buy As New Analysts Initiate Coverage

Most investors trust research done by analysts to avoid inefficiencies triggered by lack of information. Thus, when it comes to coverage initiation, analysts naturally play a pivotal role. Coverage initiation by the analyst(s) on a stock usually portrays higher investor inclination. Investors, on their part, often assume there is something special in a stock to […]
Three Things To Watch Out In Today’s Fed Decision

Three Things To Watch Out In Today’s Fed Decision

At 1800 (GMT), the Fed will release its interest rates decision. The bank is expected to raise interest rates for the third time this year. This will be the eighth interest rates hike since 2015 when the bank started a gradual tightening process. 30 minutes after the rate hike, the Fed chair, Jerome Powell will […]
US Dollar Tests Resistance At Prior Support Ahead Of The Fed

US Dollar Tests Resistance At Prior Support Ahead Of The Fed

US DOLLAR BOUNCES AHEAD OF THE FED Today at 2 PM ET brings the Federal Reserve’s September rate decision, and the wide expectation is that we’ll be seeing a 25 basis point hike to mark the third such move out of the FOMC in 2018. But a hike today has long been expected, and the Fed […]