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Oversold Gold Likely To Continue The Upward Trend

Oversold Gold Likely To Continue The Upward Trend

In January, the XAU/USD pair was at 1,310. The price moved up to a YTD high of 1,366 and then started moving lower. In August, it reached a YTD low of 1,160 and then started to move up. Today, the XAU/USD pair reached a high of 1,200. At the same time, the dollar index started […]
BTC/USD Forex Signal – Tuesday, Sept. 25

BTC/USD Forex Signal – Tuesday, Sept. 25

Last Thursday’s signals gave losing trades at both $6,443 and $6,569 – both levels acted as resistance, but the trades did not advance far enough into profit to break even. However, I did take a bullish bias above the first resistance level. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm […]
Consumer Confidence Explodes To 18 Year High But Wage-Gain Hopes Fade

Consumer Confidence Explodes To 18 Year High But Wage-Gain Hopes Fade

American consumers’ optimism about the short-term outlook improved considerably in September, with the Conference Board Consumer Confidence index soaring to 138.4 from 134.7 (smashing expectations of a dip to 132.1). “After a considerable improvement in August, Consumer Confidence increased further in September and hovers at an 18-year high,” said Lynn Franco, Director of Economic Indicators at […]
CAT Vs. Emerging Market

CAT Vs. Emerging Market

Shares of Caterpillar (CAT) have been an underperformer for most of 2018 due to slower sales growth outside of the United States. In recent weeks, this has not been the case. We have witnessed a big rotation into CAT as well as other Industrials as investors are looking to jump on laggards eyeing a rally. […]
FHFA House Price Index: Up 0.2 Percent In July

FHFA House Price Index: Up 0.2 Percent In July

The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for June. Here is the opening of the report: Washington, DC – U.S. house prices rose in July, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The […]
August 2018 Median Household Income Up 3.3% Year-Over-Year

August 2018 Median Household Income Up 3.3% Year-Over-Year

from Sentier Research New data from the monthly Current Population Survey (CPS) indicate that median annual household income was $62,685 in August 2018. Median household income for August of this year was higher than for any other month since January 2000, but only 3.3 percent above the median for that month of $60,699 after adjusting […]
Jefferies Calls Amazon Undervalued, Says Shares Can Hit $3,000 By 2020

Jefferies Calls Amazon Undervalued, Says Shares Can Hit $3,000 By 2020

Jefferies analyst Brent Thill raised his price target for Amazon.com (AMZN) to $2,350 from $2,185 while publishing a 45-page deep dive on the company. A sum-of-the-parts analysis suggests greater than 50% upside to potential value of $3,000 by 2020, Thill tells investors in a research note. The stock closed yesterday up $19.35, or 1%, to […]
Adobe Making Big Moves In The Martech Industry

Adobe Making Big Moves In The Martech Industry

Last quarter we were searching for answers to what Adobe (Nasdaq: ADBE) was looking to acquire with its $6 billion cash reserve. This quarter it answered that question by making some big acquisitions. But first, the financials. Adobe’s Financials Adobe’s third-quarter revenues grew 24% over the year to $2.29 billion, ahead of the market’s projections of […]
Lower Volatility On Lower Correlation

Lower Volatility On Lower Correlation

As equities have rallied this year, volatility has fallen as seen through the VIX. Currently sitting just under 12, the VIX is nowhere near the extreme single-digit lows from earlier in the year, but it is still far lower than a level of over 16 back in June. A factor behind the lower level of […]
EUR/USD, GBP/USD Bounce From Chart Support Ahead Of FOMC

EUR/USD, GBP/USD Bounce From Chart Support Ahead Of FOMC

FOMC KICKS OFF TODAY, SEPTEMBER RATE DECISION ANNOUNCED AT 2PM TOMORROW Today marks the start of the two-day meeting in Washington DC in which the Federal Reserve will decide upon the September interest rate decision at the bank. It doesn’t even really appear as though there are many decisions to be made here, as markets have carried […]