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S&P 500 And Nasdaq 100 Forecast – Friday, March 9

S&P 500 And Nasdaq 100 Forecast – Friday, March 9

S&P 500 The S&P 500 had a slightly positive session on Thursday, as traders await the jobs number today. The market will get those numbers at 8:30 AM New York time, and I believe that there will be a significant amount of volatility as soon as we get that announcement as per usual. However, to […]
USDCAD Daily Analysis – Friday, March 9

USDCAD Daily Analysis – Friday, March 9

USDCAD remains in the uptrend from 1.2450. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 1.3000 could be treated as consolidation for the uptrend, and another rise towards 1.3100 could be expected after the consolidation. On the downside, a clear break below the trend line […]
Sensex Trades In Green; Capital Goods Stocks Gain

Sensex Trades In Green; Capital Goods Stocks Gain

After opening the day firm, share markets in India have continued the momentum and are trading comfortably above the dotted line. Sectoral indices are trading on a mixed note with stocks in the auto sector and stocks in the IT sectorleading the gains, while stocks in the metal sector are trading in red. The BSE Sensex is trading up by 100 points (up 0.3%), […]
EUR/USD: Correction To 1.2330 Likely Ahead Of NFP

EUR/USD: Correction To 1.2330 Likely Ahead Of NFP

Previous: On Thursday the 8th of March, trading on the EUR/USD pair closed down. I don’t make predictions on payrolls day or on days when Mario Draghi has a press conference, as volatility surges and TA doesn’t work. The ECB maintained their key rate at its current level. The margin rate was kept at 0.25%, while […]
Nearly Time For Some Speculator Blame

Nearly Time For Some Speculator Blame

The Hong Kong dollar is a hair’s breadth away from a currency crisis. Plummeting over the last week or so, the exchange value crossed 7.84 today. At 7.85, the HKMA is required to sell US dollars in order to buy up HKD. That may be just what Asian banks are looking for, some other US […]
Stocks To Trade: DVN, NTES, HLT

Stocks To Trade: DVN, NTES, HLT

Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Devon Energy (DVN) Long Netease (NTES) Short Hilton Worldwide (HLT)
Are We Nearly There Yet? Employment, Interest Rates And Inflation

Are We Nearly There Yet? Employment, Interest Rates And Inflation

There are two factors, above all others, which are spooking asset markets at present, inflation and interest rates. The former is impossible to measure with any degree of certainty – for inflation is in the eye of the beholder – and the latter is divergent depending on whether you look at the US or Japan […]
6,000 Is In Bitcoin’s Crosshairs

6,000 Is In Bitcoin’s Crosshairs

I’ve a feeling that the hammer low of 6,000 will be retested on BITCOIN, as shown on the weekly chart below. From price action on this timeframe, it appears that measured selling has been occurring ever since it nearly reached 20,000. Also, 6,000 is the approximate median level of a downtrending channel on the daily timeframe. Price has fallen back into this channel after […]
Yen Falls As Market Mood Brightens, US Dollar Eyeing Jobs Data

Yen Falls As Market Mood Brightens, US Dollar Eyeing Jobs Data

The Japanese Yen underperformed in Asia Pacific trade. A status-quo BOJ monetary policy announcement barely registered, with the anti-risk currency falling as markets celebrated the sudden possibility of an accord between North Korea and the United States. South Korea’s National Security Council chief Chung Eui-yong said Kim Jong Un is now committed to denuclearization and will not conduct further arms […]
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                        Market Briefing For Friday, March 9

E Market Briefing For Friday, March 9

Protecting and revitalizing American industry has not only been the ‘topic du jour’ this week; but a backbone of Trump’s entire legitimization, as related to his candidacy; and even he knows it. The assault on once gullible manufacturers (or manipulated steadily even by a US Chamber of ‘foreign’ Commerce as I used to call it […]