Category Archive: Finance
GBP/USD Massive Bullish Spike Turns At 78.6% Fibonacci
GBP/USD 4 hour Source: Admiral Markets MT5 with MT5 GBP/USD motive wave – 6 September 2018 at 5:00 AM GMT The GBP/USD showed a strong bullish spike yesterday, which could indicate a completed bearish wave 1 (blue) and a pullback within wave 2 (blue). This is invalidated if the price manages to break above the previous top, together with, […]
Top 5 Charts Of The Week – Thursday, Sept. 6
This week: The global manufacturing PMIs – a synchronized slowdown The path of the big 3QE central banks as the big monetary experiment comes full circle The impact of Fed rate hikes on EM central banks – forced tightening Valuation and positioning for the GBPUSD exchange rate – undervalued and oversold What’s going on with […]
Gold Gains On Weaker Dollar, Equities
Gold prices rose $5.18 an ounce on Wednesday as a lower U.S. dollar index prompted a bit of buying interest in the gold market. Federal Reserve Bank of St. Louis President James Bullard said financial market information suggests the Fed’s latest interest rate projections are “too hawkish for the current macroeconomic environment.” World stock markets […]
The United States Is Going To Become The Warehouse For Global Soybean Supplies
“The United States is going to become the warehouse for global soybean supplies” That’s a quote from Paul Burke, regional director for North Asia at the U.S. Soybean Export Council, in Time. He continues “This is the realization that we’re coming to within the trade within the last couple of weeks.” The Chinese plan is — […]
Alnylam: Analysts See A Star On The Rise
Biopharma company Alnylam Pharmaceuticals (Nasdaq:ALNY) has built a brand on its innovative RNAi therapeutics. ALNY’s focus: developing a pipeline of drugs designed to help transform lives of patients with rare diseases. These are the patients facing either limited treatment options- or therapy that is simply inadequate. Just two years ago, Alnylam landed on Forbes’ ‘100 […]
Stocks Outlook – Thursday, Sept. 6
Thoughts Investors Intelligence Bulls has reached 60%. Not medium term bearish for stocks. Banks’ lending standards are easing even more. Medium-long term bullish for the stock market. Heavy Truck Sales are making new highs. Medium-long term bullish for the stock market. Unit profits are down: this equities bull market doesn’t have a lot of years […]
Cryptos Crushed: And When Bitcoin Catches A Cold, The Altcoins Catch Pneumonia
Cryptocurrencies repeat their recent pattern. When Bitcoin drops, the Altcoins get smashed. In the short while it took to finish this article (about one hour), all the cryptos were smashed. And when Bitcoin catches a cold, the Altcoins catch Pneumonia. This was my lead chart right as I was about ready to post this piece. […]
EUR/USD Range Is Clear To See
The EUR/USD traded lower before it got somewhat carried away by the Pound and its Brexit optimism. Will it go up or down? In any case, the battle lines are clear to see. The Technical Confluences Indicator shows that the 1.1623 area is a pivotal point, a dense cluster of technical levels. These include the Fibonacci 23.6% one-day, the Fibonacci 23.6% […]
Crude Oil Prices Take Aim At Trend Support, EIA Data On Tap
Broad-based risk aversion weighed on sentiment-sensitive crude oil prices Wednesday, with the WTI contract following the bellwether S&P 500 downward. Technology shares led the way lower amid concerns that Congress may opt to begin regulating social media. API inventory flow data compounded downside pressure, showing inventories shed a relatively modest 1.17 million barrels last week. Meanwhile, gold prices corrected higher as the US Dollar pulled back […]
AUDUSD Daily Analysis – Thursday, Sept. 6
AUDUSD moved sideways in a trading range between 0.7144 and 0.7235. As long as 0.7235 resistance holds, the downside movement from 0.7381 could be expected to continue and next target would be at 0.7100 area. On the upside, a breakout of 0.7235 resistance would indicate that the downside movement had completed at 0.7144 already, then […]
