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AUDUSD Daily Analysis – Wednesday, Oct. 24

AUDUSD Daily Analysis – Wednesday, Oct. 24

AUDUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 0.7159. As long as the channel resistance holds, the downside movement could be expected to continue and further decline to test 0.7041 support is possible. On the upside, a breakout of the channel resistance would indicate that the […]
3 Reasons Why EUR/USD Is At 2-Month Lows, Levels

3 Reasons Why EUR/USD Is At 2-Month Lows, Levels

The EUR/USD is hitting fresh two-month lows and trades closer to 1.1400. A toxic mix of headlines from Italy, weak PMI’s, and a risk-off atmosphere weigh. The technical picture is slightly bearish for the pair. The EUR/USD hit a new two-month low of 1.1418, the lowest since mid-August. There are three reasons for this fresh slump. […]
Is The Stock Market’s Bottom In?

Is The Stock Market’s Bottom In?

Over the past 2 weeks, our quantitative market studies have suggested that the U.S. stock market will probably retest its crash lows. That has happened. Here’s our latest update: The stock market’s medium term risk:reward is bullish. The short term outlook is no longer bearish. It is now a 50-50 bet. The stock market might fall […]
S&P 500 Continues To Try To Stabilize – Stocks Need Major Sources Of Funds To Cooperate

S&P 500 Continues To Try To Stabilize – Stocks Need Major Sources Of Funds To Cooperate

US stocks are trying to stabilize after a decent drawdown. How things evolve will depend a lot on how margin debt, money-market fund assets and foreigners’ purchases evolve in the weeks/months to come. After a seven-session, 7.8-percent decline intraday between the 3rd and 11th this month, the S&P 500 large cap index (2740.69) continues to try to […]
Central Bank Cheap Money Now A Global Contagion

Central Bank Cheap Money Now A Global Contagion

Video Length: 00:41:09 Former Dallas Fed insider, Danielle DiMartino Booth, spoke with SBTV about the inner workings of the Fed and how the Federal Reserve missed the train wreck which resulted in the 2007 Financial Crisis. Without being alarmist, Danielle presented a factual view of how leveraged and indebted our financial system has become. She […]
Falling Profitable Growth At United Microelectronics Corporation

Falling Profitable Growth At United Microelectronics Corporation

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Background Founded in 1980, United Microelectronics Corporation is Taiwan’s first semiconductor company. It produces silicon wafers used in chips in every sector of the electronics industry as well as in telecom and energy. […]
Sensex Pares Gains; Energy, Realty Stocks Gain

Sensex Pares Gains; Energy, Realty Stocks Gain

After opening the day in green share markets in India are trading on a positive note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the realty sector and stocks in the energy sector witnessing maximum buying interest. The BSE Sensex is trading up by 151 points (up 0.4%) and the NSE Nifty is trading […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, Oct. 24

WTI Crude Oil And Natural Gas Forecast – Wednesday, Oct. 24

WTI Crude Oil The WTI Crude Oil market broke down significantly during the trading session on Tuesday as the Saudis have agreed to maximize output, putting some downward pressure on the market itself. Now that we have sliced through the 61.8% Fibonacci retracement level, I find that it is quite typical for the market to […]
2 Hot Biotechs With Major FDA Catalysts

2 Hot Biotechs With Major FDA Catalysts

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Biotech stocks can soar or plunge depending on FDA decisions. Both biotechs below have a fast-approaching PDUFA date. This stands for the Prescription Drug User Fee Act- and the PDUFA date is the […]
Gold Prices May Turn Lower, Crude Oil At Risk Of Deeper Losses

Gold Prices May Turn Lower, Crude Oil At Risk Of Deeper Losses

Gold prices edged higher as a stalling US Dollar allowed the metal space to capitalize on falling bond yields amid aggressive risk aversion. Lower lending rates are a standby lifeline for non-interest-bearing and inflation-hedge assets. The Greenback’s standstill seemed to reflect the dampening effect of a steep drop against the perennially anti-risk Yen on its own haven appeal. Sentiment-sensitive crude […]