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Blue Or Red Wave? Or Maybe A Gold One?

Blue Or Red Wave? Or Maybe A Gold One?

Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans – is that true? Let’s read out today’s article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. […]
Dow Transports (IYT): Triple Support Test In Play

Dow Transports (IYT): Triple Support Test In Play

A swift 30 point drop (nearly 15%) from mid-September through the end of October has the Transportation Sector (IYT) testing important long-term support. The Dow Jones Transports Sector (IYT) also represents an important slice of the domestic and global economy. So losing support here would not be good. Let’s look at the weekly chart of IYT. A triple support […]
September 2018 Leading Index Review: Generally A Slowing Rate Of Growth

September 2018 Leading Index Review: Generally A Slowing Rate Of Growth

This post is a review of the Philadelphia Fed’s Leading Index and all major leading indicators – and their trends are generally slowing. Analyst Opinion of the Leading Indicator Forecasts Most of the leading indicators are based on factors which are known to have significant backward revisions – and one cannot take any of their trends […]
Beyond The “Dial-Up Days Of Crypto”: What’s Next For Blockchain Tech?

Beyond The “Dial-Up Days Of Crypto”: What’s Next For Blockchain Tech?

Blockchain tech is still in the early stages, but companies such as IBM are rapidly coming up with a variety of ways to use it. Analysts have been suggesting use cases since bitcoin’s meteoric rise a couple years ago, but we are only just now starting to see some of those use cases implemented. Meanwhile experts […]
US Stock Markets Rebound To Test Important Technical Levels On Possible Trade Deal With China

US Stock Markets Rebound To Test Important Technical Levels On Possible Trade Deal With China

As we expected and shared with you in our weekly update last week, the US stock market rebounded and ended the week in positive territory. The DJIA closed on Friday at 25,271; up 2.4% from last week’s close, as did the S&P500 (+2.4% at 2,723). The Nasdaq closed at 7,357 (+2.6%). The jobs report published […]
Time To Vote

Time To Vote

US equity markets are indicated lower at the open as Europe tries to recover from morning selling. The USD is down for the third day in four, energy markets are edging higher, and precious metals are also trading green. Rates markets are generally trading higher in price, but yield moves are fractional, less than 1 basis […]
NZDUSD Recovers Higher Towards 0.6698 Resistance Zone

NZDUSD Recovers Higher Towards 0.6698 Resistance Zone

NZDUSD recovers higher towards 0.6698 resistance zone as the pair holds on to its upside pressure. Resistance comes in at the 0.6700 level where a break will turn focus to the 0.6750 level. A break of here will have to happen to open the door for a move towards the 0.6800 level. Further out, resistance […]
Foxconn May Bring Chinese Workers To Its New Wisconsin Facility

Foxconn May Bring Chinese Workers To Its New Wisconsin Facility

Back in the summer of 2017, to much fanfare President Donald Trump announced that Taiwanese electronics giant Foxconn, best known for making the iPhone, would build a new plant producing LCD panels in Wisconsin that will bring thousands of jobs to the state. On the surface it was great deal: in what’s being called the […]
Avoid A Shock

Avoid A Shock

The hard reality to the imposing of total sanctions on Iranian oil was the fact that there was not enough oil in the global market to replace it. President Donald Trump says he was concerned about rising oil prices and the possibility that a total ban on Iranian oil could cause the global economic damage. While […]
BTC/USD Forex Signal – Tuesday, Nov. 6

BTC/USD Forex Signal – Tuesday, Nov. 6

Yesterday’s signals were not triggered, as unfortunately the bullish price action took place below the support level at $6,379. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm Tokyo time today, over the next 24-hour period. Long Trade Go long after a bullish price action reversal on the H1 time frame […]