Archives by Month:

Archives by Year:

US Industrial Output Trend Accelerated To Eight-Year High

US Industrial Output Trend Accelerated To Eight-Year High

Yesterday’s update on industrial activity in the US for September delivered a new round of bullish news for the economic outlook. The report offers more support for expecting that the Federal Reserve remains on track to raise interest rates again at its December policy meeting. The year-over-year change for industrial production increased to 5.1% last month, marking […]
EURUSD: The Market Awaits New Drivers

EURUSD: The Market Awaits New Drivers

Previous: On Tuesday, trading on the euro closed slightly down. In the span of one day the price made six multidirectional fluctuations. The largest price fluctuations were observed in the evening after publication during the US session. Industrial production in the US increased in September for the fourth straight month. The number of open vacancies […]
Greenback Is Little Changed While Stocks Recover

Greenback Is Little Changed While Stocks Recover

Overview: Led by a dramatic recovery in US stocks, global equities are moving higher today. Before last week, decline, the US stock market lacked breadth, but not only did the S&P 500 and Nasdaq post their biggest advance in several months, but the small-cap stocks in the Russell 2000 had their best day in a couple […]
USD/JPY Bullish Retracement Bounces At Fibonacci Resistance

USD/JPY Bullish Retracement Bounces At Fibonacci Resistance

USDJPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – Accessed 17 October 2018 at 5:00 AM GMT The USD/JPY currency pair seems to be building a bullish retracement within the downtrend. As long as the price stays below the 382-50% Fibonacci resistance zone, the price will probably be in a wave 4 (purple) correction. The bearish breakout is probably part of […]
Cardinal Health Maybe A Buy The Past Year Pullback

Cardinal Health Maybe A Buy The Past Year Pullback

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; healthcare plans; long-term care facilities; medical care; medical […]
USDCAD Daily Analysis – Wednesday, Oct. 17

USDCAD Daily Analysis – Wednesday, Oct. 17

USDCAD extended it downside movement from 1.3071 extended to as low as 1.2915, breaking below 1.2926 support. Further decline could be expected and next target would be at 1.2800 area. Resistance is at 1.3000, only a breakout of this level could trigger another rise towards 1.3100.
Bond Investors Agree With The Fed… For Now

Bond Investors Agree With The Fed… For Now

The Federal Reserve has brought transparency to their decisions. The famous “blue dots” which show visually each FOMC voting member’s forecast for rates provides insight into their thinking, even if it doesn’t attach names to each dot. We’ve come a long way from Alan Greenspan’s Senate testimony, “Since becoming a central banker, I have learned to […]
E
                                                
                        The Rainbow Sign

E The Rainbow Sign

Yesterday the stock market gave a rainbow sign, which either means we are coming into land, or that it will rain on our stocks for another 40 days. It either means that our towering stock prices will hold together or that the tower will crash. My biblical references reflect the Torah (Jewish Bible) reading last […]
Sensex Trades On A Volatile Note; Auto, Realty Stocks Drag

Sensex Trades On A Volatile Note; Auto, Realty Stocks Drag

After opening the day in green share markets in India are trading on a dull note and are presently trading marginally above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the FMCG sector and stocks in the pharma sector witnessing maximum buying interest. The BSE Sensex is trading up by 70 points (up 0.2%) and the NSE Nifty is […]
Global Consumer Confidence And Global Equities

Global Consumer Confidence And Global Equities

One of my favorite things to do is discover and utilize somewhat obscure, new, misunderstood, or underutilized datasets. Or indeed, to look at an existing and well-understood set of data in a different way. In today’s post we look at a little bit of all of the above. What we’ve got here is a global composite […]