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Oil Prices Rising Amid Reports Of Cut Production

Oil Prices Rising Amid Reports Of Cut Production

Oil prices rose more than 1% on Monday after reports that Saudi Arabia announced plans to cut oil supplies for December. Where oil prices continued to decline strongly during the month of October, losing about 20 percent of its value, just before the US mid-term renewal with the US president’s insistence on pressure on the producer […]
AUD/USD Weekly Analysis – Monday, Nov. 12

AUD/USD Weekly Analysis – Monday, Nov. 12

AUD/USD pulled back to 0.7215 area. Deeper decline is still possible and next target would be at bullish trend line on the 4-hour chart. However, as long as the trend line support holds, the pullback could be treated as consolidation for the uptrend from 0.7020 and another rise towards 0.7340 is still possible after the […]
The Week Ahead: Can The Post-Election Rally Last?

The Week Ahead: Can The Post-Election Rally Last?

The stock market may have given a history-making example of how much it dislikes uncertainty this past week. By the time stocks opened on Wednesday, it seemed as though the Republicans had held on to the Senate, but lost control of the House of Representatives. That information was enough for some investors and traders, triggering […]
US Dollar Demise This December?

US Dollar Demise This December?

I’m not the only one warning you that the dollar will collapse and lead to global economic turmoil. In this scenario, investors would rush to precious metals and other currencies to escape further losses. Global trade would seize up because the majority of international contracts demand a dollar payment. Other assets would skyrocket. The worst-hit […]
Long And Short Of Short Interest – Monday, Nov. 12

Long And Short Of Short Interest – Monday, Nov. 12

Here is a brief review of period-over-period change in short interest in the October 16-31 period in nine S&P 500 sectors. XLB (SPDR materials ETF)   During October’s selling, XLB (54.98) went on to lose horizontal support at 56. This preceded a drop out of a slightly rising ascending channel. Pumped up, shorts aggressively added to […]
Why The End Of The Longest Oil Bull Market Since 2008?

Why The End Of The Longest Oil Bull Market Since 2008?

In the past two years, crude oil has steadily advanced, supported by global recovery. But in just 10 days, oil has posted the longest losing streak since mid-1984 – thanks to overcapacity and the Trump trade wars. Half a year ago, crude oil prices were expected to climb from $53 per barrel in 2017 to […]
Yet Another Trillion-Dollar Unfunded Liability, California Wildfires Edition

Yet Another Trillion-Dollar Unfunded Liability, California Wildfires Edition

On Friday, an entire California town burned down. Paridise, CA has (had) 27,000 residents and over 1,000 buildings, and now it’s pretty much destroyed. That fire and several others are still expanding across the state, threatening tens of thousands of homes. The sets of the TV show WestWorld are gone. Malibu has been evacuated. And dry, windy […]
Week In Review: How Trump’s Policies Moved Stocks – Nov. 11, 2018

Week In Review: How Trump’s Policies Moved Stocks – Nov. 11, 2018

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. CANNABIS STOCKS: Several marijuana stocks, including Aurora Cannabis (ACB, ACBFF), Canopy Growth (CGC), CannTrust Holdings (CNTTF), Cronos […]
These Are The Times That Try Men’s Souls

These Are The Times That Try Men’s Souls

Thank you Thomas Paine and CNBC contributors Fred Imbert and Ryan Browne for the title and inspiration for this post. Paine’s pamphlet Thomas Painepenned during the Revolutionary War, did indeed reflect dire times in our history. Meanwhile, CNBC’s post-market post (Dow drops 200 points on worries about global economic growth–11/9/18) reflected on  potential dire times in the midst of economic prosperity. Key […]
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                        Markets: Singles

E Markets: Singles

Today is singles day in China. The heralded event for internet sales has not lost its glitter even with the moving on of Alibaba’s Ma. As of midday, Alibaba had chalked up 149 billion yuan — $21.5 billion — in sales – with $1bn in the first minute, $10bn in the first hour, so with […]