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EURUSD Has Its Sights Set On 1.1366

EURUSD Has Its Sights Set On 1.1366

Previous: On Wednesday the 7th of November, the euro/dollar pair closed slightly up. Buyers have lost all of the gains that could have been made from the results of the US Congressional elections. The euro fell from 1.1500 to 1.1425. Congress is now split, with the Democratic Party in control of the House of Representatives and […]
Can Consumers Continue To Drive Economic Growth Despite Increasing Uncertainty?

Can Consumers Continue To Drive Economic Growth Despite Increasing Uncertainty?

The same macro trends have continued into November. Rather than inventing new trends which aren’t occurring, we’ll provide more coverage on what’s affecting markets. There’s growing uncertainty over global growth, the Fed’s rate hikes, tariffs, the housing market, and the fiscal stimulus losing its impact. We’ve seen oil prices plunge nearly 20%, partially because of global […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Nov. 8

WTI Crude Oil And Natural Gas Forecast – Thursday, Nov. 8

WTI Crude Oil The WTI Crude Oil market continues to fall lower, breaking significantly below the $62.50 level during the Wednesday session. I believe that ultimately we continue to have very bearish conditions, but we are a bit oversold. I believe that the $60 level underneath is likely to be the next target, as it […]
New ETFs That You May Or May Not Be Able To Use

New ETFs That You May Or May Not Be Able To Use

A look at several new ETFs listed this week. The first ETF to look at is the ProShares Pet Care ETF (PAWZ). The high level theme is very easy to understand, all the more so if you have pets, people are willing to spend a lot of money caring for and feeding their dogs, cats […]
China’s (Not) Safe

China’s (Not) Safe

In another sign of repeating 2015, the Chinese are beginning to mobilize their “reserves” again. Three years ago, in a futile attempt to staunch CNY’s stubborn “devaluation” various government authorities blew through just about $1 trillion. It didn’t work. You would think that everyone could learn from this episode. I think the Chinese did, which […]
Want A Font? Monotype Has It

Want A Font? Monotype Has It

This week I’m seeking a prestigious and long-term dividend-paying stock from the technology business sector.  That technology sector has nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health and information technology and services to internet, scientific instruments, software, solar and all such technological marvels.  Today I’m reviewing a small-cap software […]
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                        EUR/AUD Looking Bearish

E EUR/AUD Looking Bearish

EUR/AUD  made a nice drop yesterday, down from 1.580 level which we labeled as sub-wave v of 3. This drop can now look for support and a bullish reversal near the 1.5600 area, from where a temporary corrective rise can follow, which can later look for resistance near the 1.580 region. A later drop from […]
U.S. Midterm Election Results: How Did It Impact The Crypto Market?

U.S. Midterm Election Results: How Did It Impact The Crypto Market?

We’re still waiting for that major catalyst to create that massive bullish wave across the board in the markets. The U.S. midterm elections sure impacted the U.S. equities in a positive way but didn’t do that much for the cryptocurrency market. Some of the politicians who were elected on November 6th appear to be crypto-friendly, […]
Gold Slightly Lower Ahead Of Fed

Gold Slightly Lower Ahead Of Fed

Gold prices ended Wednesday’s session down $0.61 an ounce as rising stock markets dented the appeal of the safe-haven metal. XAU/USD initially edged higher after the U.S. midterm elections resulted in a split Congress, but it came under pressure as focus shifted away from politics to the Federal Reserve’s monetary policy meeting. No rate hike […]
AUDUSD Daily Analysis – Thursday, Nov. 8

AUDUSD Daily Analysis – Thursday, Nov. 8

AUDUSD broke above 0.7258 resistance and extended its upside movement from 0.7020 to as high as 0.7299. Further rise is still possible and next target would be at 0.7340 area. Near-term support is at 0.7200, followed by 0.7180, only break below these levels could bring the price back towards the bullish trend line on the […]