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Canadian Oil Falls To Under $20 A Barrel Because Of Environmentalists

Canadian Oil Falls To Under $20 A Barrel Because Of Environmentalists

The price of Western Canadian Select (WCS) crude dropped more than US$55 per barrel below North American benchmark of West Texas Crude. The widening discount is evidence the commodity is illustrating how the environmentalists are really destroying the Canada economy. They are causing taxes to rise as social programs continue on an unsound footing and in […]
US Says China Not A Currency Manipulator: 5 Countries Meet 2 Of 3 Conditions

US Says China Not A Currency Manipulator: 5 Countries Meet 2 Of 3 Conditions

The US says China is on the monitor list as are 5 other countries. Trump’s Tariffs attack a symptom, not the problem. Inquiring minds are digging into the 34-page US Treasury report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. There are three criteria, all of which much be met, […]
USDCAD Daily Analysis – Thursday, Oct. 18

USDCAD Daily Analysis – Thursday, Oct. 18

USDCAD broke above 1.3000 resistance, suggesting that the falling from 1.3071 had completed at 1.2915 already. Further rise could be expected and a break of 1.3071 resistance could take the price to 1.3150 area. Support is at 1.3000, a breakdown below this level could bring the price back into 1.2950 zone.
National Healthcare Corp. Has Upside Momentum

National Healthcare Corp. Has Upside Momentum

This week I’m seeking a prestigious and long-term dividend-paying stock from the healthcare business sector.  That healthcare sector includes ten industries all related to testing, diagnosing and treating what ails us. Healthcare industries are: biotechnology; diagnostics & research; drug manufacturers – major and – specialty & generic; health care plans; long-term care facilities; medical care; […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Oct. 18

WTI Crude Oil And Natural Gas Forecast – Thursday, Oct. 18

WTI Crude Oil The WTI Crude Oil market had a very negative session on Wednesday, which of course makes quite a bit of sense considering that the inventory number was horrible. Expected to come in at 1 million, it broke 6 million. We sliced into the $70 level, an area that is of course very […]
More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify

More Italians Move Savings To Switzerland As Fears Of Banking “Doom Loop” Intensify

With the euro weakening against the Swiss franc (recently trading at session lows of 1.14) and Italian stocks and bonds tumbling once again on reports that the European Commission is planning to reject the Italian draft budget plan submitted earlier this week – a repudiation of Italy’s populist leaders that was widely anticipated – the Telegraph’s Ambrose Evans-Pritchard offered […]
Foreigners Continue To Play Cautious Toward US Stocks

Foreigners Continue To Play Cautious Toward US Stocks

US stocks had a good August. The S&P 500 large cap index jumped three percent in that month to 2901.52. Foreigners did not lend a helping hand.   Net purchases of US equities by foreigners were minus $16.9 billion in August. They have been net-selling for a while. In the seven months from February through […]
Stellar Lumens (XLM) Breaks Above Ichimoku – Can Ripple (XRP) Be Beaten?

Stellar Lumens (XLM) Breaks Above Ichimoku – Can Ripple (XRP) Be Beaten?

Stellar Lumens (XLM) was the among the only winners in top 10 major cryptocurrencies on Wednesday with its 5.9% gain. It outperformed Cardano by almost 3%, while Ripple’s XRP didn’t quite impress the market participants with its 0.36% gain. How do the two cryptocurrencies compare? Comparing Stellar and Ripple on the Charts XLM’s gains on […]
Elliott Wave Analysis Of EURUSD

Elliott Wave Analysis Of EURUSD

I believe the EURUSD pair is at a very important bottoming point of a wave 2(B). There are high probabilities that wave 2(B) is complete and the first minor waves of wave 3(C) have already started to unfold. I’m bullish EURUSD as long as prices are above the short-term red trend line support. I will […]
Gold Edges Lower After Fed Minutes

Gold Edges Lower After Fed Minutes

Gold prices fell $2.36 an ounce on Wednesday as a rebound in global equities dented safe-haven demand for gold. The dollar extended its gains after the minutes of the Federal Reserve’s latest meeting backed expectations that the U.S. central bank will continue to gradually raise interest rates. “This gradual approach would balance the risk of […]