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Demand For The US Dollar Weakened After Donald Trump’s Statements

Demand For The US Dollar Weakened After Donald Trump’s Statements

Yesterday, the US dollar kept support after the speech of the Fed`s chairman, Jerome Powell. The official reported on the improvement of the US economy, which increased the likelihood of a further increase in the Fed’s interest rate this year. However, the US currency was under pressure after the US President Donald Trump stated that […]
Triple Tantrum: Stocks Sink, GOP & EU Outrage On Trump’s Steel Tariffs

Triple Tantrum: Stocks Sink, GOP & EU Outrage On Trump’s Steel Tariffs

Trump announced sweeping new tariffs on steel and aluminum. The stock market threw a tantrum and so did GOP leaders. Feature images is of a steel mill in Germany from the New York Times article Trump Plans Tariffs on Steel and Aluminum and Markets Slump. The NY Times commented “At a White House meeting on Thursday, President […]
Stocks To Trade: SFLY, X, HD

Stocks To Trade: SFLY, X, HD

Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Shutterfly (SFLY)   Long US Steel Group (X) Short Home Depot (HD)
Dollar Struggles For Traction After Trump Remarks

Dollar Struggles For Traction After Trump Remarks

The US Dollar came under some sell pressure after the US President announced his decision to implement tariffs on specific imports, namely steel, and aluminum. That news resulted in the reverse of momentum for the greenback which would otherwise have been headed for a recovery. Donald Trump said that the imposition of the tariff was […]
Still None, And Even More Reasons To Expect None

Still None, And Even More Reasons To Expect None

The parallels between the last few years and those at the end of the 1990’s are striking. There was a few years ago the monetary intrusion of the “rising dollar” which at its worst seriously depressed the global economy. Oil prices crashed, as did several key currencies, and deflationary pressures that often accompany a significant […]
CAD/JPY Elliott Wave Analysis: Correction Expected Before Lower Again

CAD/JPY Elliott Wave Analysis: Correction Expected Before Lower Again

Short-Term CAD/JPY Elliott Wave view suggests that the decline from 1/5/2018 high (91.58) is unfolding as an impulse Elliott Wave Structure where Minor wave 1 ended at 87.785, Minor wave 2 ended at 89.439, Minor wave 3 ended at 84.468, and Minor wave 4 ended at 85.24. Minor wave 5 remains in progress as an impulse Elliott […]
US Debt Becoming A Problem For The Dollar

US Debt Becoming A Problem For The Dollar

Some analysts speculated if the Fed would try to keep rates low to support the government’s spending binge. However, instead of worrying about the debt, the $400 billion spending plan and the tax cuts are being used as an excuse to raise interest rates and let the government bonds on the Fed’s balance sheet expire. […]
Liechtenstein Bank Offers “Direct” Cryptocurrency Investment And “Cold Storage” Wallet

Liechtenstein Bank Offers “Direct” Cryptocurrency Investment And “Cold Storage” Wallet

Liechtenstein-based Bank Frick is offering clients the ability to purchase cryptocurrencies – with a promise of protection against hackers. Five currencies will be offered primarily to “professional market participants and financial intermediaries,” according to Frick; Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ether. “Our services are in high demand from companies across Europe. The companies know that we […]
Canada Will Be The Most Impact By A Steel Tariff

Canada Will Be The Most Impact By A Steel Tariff

Canada is the largest exporter of steel to the United States. The decline in the Canadian dollar has helped this trend imparticular. Trump is clueless when it comes to the impact of currency on foreign trade. If he wants to do tariffs, they MUST be indexed to the currency. Failure to do that will cause serious consequences […]
AUD/USD Daily Analysis – Friday, March 2

AUD/USD Daily Analysis – Friday, March 2

AUD/USD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 0.7893. As long as the trend line resistance holds, the bounce from 0.7712 could be treated as treated as consolidation for the downtrend. Further decline would likely be seen and next target would be at 0.7600 area. On […]