Category Archive: Finance
Bitcoin Price On Thin Ice: Could A Major Drop Be Next?
Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and might decline heavily below the $92,000 level. Bitcoin started a fresh decline below the $95,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance […]
Canadian Dollar Declines After Weak GDP Data
Image Source: Pexels At Monday’s close, the Dow Jones Index (US30) was up 0.16%. The S&P 500 Index (US500) added 0.73%. The Nasdaq Technology Index (US100) jumped by 1.01%. Stocks rose on Monday thanks to gains in technology and chip companies’ share prices, with Nvidia up 3% and TSMC, Broadcom, and AMD up nearly 5%, confirming […]
Canada’s GDP Stronger Than Expected In October But Contracts In November
Canada’s GDP a Mixed Bag Canada posted a good news-bad news GDP (Gross Domestic Product) report yesterday. The economy climbed 0.3% month-on-month in October, following a 0.2% gain (revised from 0.1%) in September and above the market estimate of 0.1%. The acceleration was driven by an increase in manufacturing output, services activity and oil and gas […]
Chinese Bonds Are Crashing, What It Means For The Economy
Image Source: Pixabay LT Chinese bond rates have been falling fast for a while. Over the last two weeks, ST yields have completely collapsed; most of it last week, too. Why? Maybe more important, why now? The mainstream answer to either one is total nonsense and easily debunked from the September bazooka. What does that leave? […]
Time To Buy This Stock Yielding 30%?
Image Source: Unsplash This can be a frustrating time of year for investors in the types of stocks I follow and recommend. With little to no news about smaller companies, share price movement can be very random, and a random down will make investors ask: “why?”The real news is scarce for stocks that aren’t in the […]
Quiet Trade Into Holidays
Image source: Pixabay Markets are quiet as we head into the holidays. We haven’t seen much movement and the headlines have been light. Over in Japan, FinMin Kato was out warning against speculative Yen movement, while in Australia, the RBA Minutes came out leaning a little more dovish. There is no first tier data on the […]
Sensex Today Trades Flat; IT Stocks Rise
Asian share markets are trading rangebound amid relatively thin holiday trading after a rally in some of the world’s largest tech companies boosted US benchmarks.Nissan Motor Co. shares slid as much as 7% after the company confirmed it’s in talks with Honda Motor Co. over a possible business integration. Honda shares, on the other hand, […]
EUR/USD Forex Signal: Likely To Trade Within Narrow Range
My previous EUR/USD signal on 18th December was not triggered, as there was no bullish price action when the two support levels were first reached that day.Today’s EUR/USD Signals Risk 0.75%. Trades must be entered prior to 5 pm London time today only. Short Trade Idea Short entry following a bearish price action reversal on the H1 […]
EUR/JPY Remains Subdued Near 163.00 Following BoJ Meeting Minutes
Image Source: Pixabay EUR/JPY depreciates as the latest BoJ Meeting Minutes highlighted the possibility of gradual rate hikes if inflation trends as expected. The Euro remains under pressure as ECB plans to continue lowering borrowing costs next year. ECB Lagarde highlighted that the central bank could achieve its goal of reducing inflation to the 2% […]
BTC/USD Forex Signal: Profit-Taking Continues
Bearish View Sell the BTC/USD pair and set a take-profit at 90,000. Add a stop-loss at 97,000. Timeline: 1-2 days. Bullish View Buy the BTC/USD pair and set a take-profit at 97,000. Add a stop-loss at 90,000. Bitcoin price continued its downward trend as the recent upward momentum faded. The BTC/USD pair crashed to the […]
