Category Archive: Finance
Stocks For You To Swing-Trade: FCX, WWE, EOG
Monday’s Swing-Trades: Long Advanced Micro Devices (AMD) Long World Wrestling Entertainment (WWE) Short EOG Resources (EOG)
Natural Gas Shows Rejection Signs At Major Resistance Area
Back in June when price was trading around $3 we were bearish looking for a decline towards $2.70-$2.60. #NG #NatGas false upward breakout??? all stops got hit and the party starts now…to the downside…. pic.twitter.com/CZaXbFGPcu — Alexandros Yfantis (@alexanderYf) June 18, 2018 Prices eventually fell… but in mid July I closed most of my short […]
The Stock Market Is Going Up. Separate The Signal From The Noise
There has been a lot of noise over the past week. “Turkish contagion”, “crashing commodity prices”, “weakness in emerging markets”, etc. As U.S. stock market investors and traders, our job is to separate the signal from the noise. As always, the economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s […]
EURUSD: Buyers Raised The Rate Above 1.14
Previous: On Friday, the 17th of August, trading on the euro closed up. The day turned out to be anything but calm. The movements were very impulsive. Volatility on the market was observed in the European and US sessions. The driver of the pair’s rise was the fall of the US dollar on the background of […]
S&P 500 And Nasdaq 100 Forecast – Monday, August 20
S&P 500 The S&P 500 has rallied again during the trading session on Friday, as traders celebrate the idea of the Chinese coming to the table. Because of this, we rallied again and filled the gap from earlier in the week. The question now is whether or not we can continue to go higher. I […]
USD/JPY Triangle Chart Pattern Determines Next Breakout
USD/JPY 4 hour Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave The USD/JPY broke the support trend lines (dotted blue) and could be moving lower as part of wave Y (pink) if the price manages to stay below the resistance (red) trend lines. A bearish continuation could be aiming for the -27.2% Fibonacci target. 1 hour Source: […]
Chinese Tightening Supports Growth At Indah Kiat Pulp & Paper
Background PT Indah Kiat Pulp & Paper Tbk is the largest manufacturer of paper pulp, paper and other paper-related products by sales in Indonesia and one of the largest in the world. It also produces industrial paper products, such as packaging paper and specialty paper. INKP is part of Asia Pulp & Paper, which is […]
EUR/USD Locked In A Clear Trading Range
The EUR/USD managed to recover on hopes for a trade settlement between China and the US. Where next? The Technical Confluences Indicator shows that there is a convergence of potent technical levels at 1.1441: the Simple Moving Average 200-one-hour, the Fibonacci 161.8% one-month, and the Bolinger Band 15m-Upper. Further up, 1.1470 is another important resistance area with the Pivot Point one-day Resistance […]
Gold Prices Rise As Cooling Trade War Worries Weigh On US Dollar
Gold prices turned higher Friday as improving risk appetite triggered a reversal of haven-seeking capital flows buoying the US Dollar, sending the currency lower and offering a lift to the perennially anti-fiat yellow metal. Investors’ rosier disposition reflected hopes for de-escalation in the trade war between the US and China. Crude oil prices attempted to rally intraday but […]
AUDUSD Daily Analysis – Monday, August 20
AUDUSD extended its upside movement from 0.7202 to as high as 0.7319. Further rally is still possible and next target would be at 0.7350 area. Near-term support is at 0.7245, only a breakdown below this level could bring the price back towards 0.7202 previous low.
