Category Archive: Finance
GBP/USD Daily Analysis – Thursday, October 19
GBP/USD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance is at the support-turned-resistance trend line on the 4-hour chart now at around 1.3235. Only a clear break above […]
Jacinda Ardern Will Become New Zealand PM – NZD/USD Crashes
Winston Peters, which held the balance of power for around three long weeks, decided to go for Labour leaders Jacinda Ardern. His NZ First Party will join the Greens in a coalition under Ardern. Markets preferred the incumbent Bill English of the more market-friendly National which held power for around a decade. Peters kept everybody waiting […]
Stocks To Trade: TSLA, EXPE, W
Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Tesla (TSLA) Long Expedia (EXPE) Short Wayfair (W)
Gold Weighed Down By Stronger Dollar, Equities – Thursday, October 19
Gold prices dropped $4.22 an ounce on Wednesday, dragged down by a stronger dollar and U.S. equities closing at record highs. XAU/USD initially tried to pass through the $1289 level but found heavy resistance and headed back to the bottom of the Ichimoku cloud on the 4-hour chart. The bears have the short-term technical advantage, […]
The S&P 500 Is Now Overvalued On 18 Of 20 Metrics
With the market now stuck in the “Icarus Rally” melt-up predicted earlier in the year by BofA Michael Hartnett, in which EFTs, algos and desperate carbon-based hedge fund managers are all chasing performance, i.e. beta, in the last weeks of the year, at least until the inevitable “Humpty Dumpty great fall“, some have been naive enough to […]
Chinese Economy Sustains Growth In 3Q; Expands 6.8%
The world’s second-largest economy, China, sustained growth in the third quarter following improved factory output and consumer spending. Gross domestic product expanded at 6.8 percent year-on-year in the third quarter, same as predicted and 0.1 percent lower than the first half of the year growth of 6.9 percent. Retail sales surged 10.3 percent from a […]
EUR/USD Daily Analysis – Thursday, October 19
EUR/USD rebounded from 1.1730 after approaching 1.1669 support, indicating that the short term downtrend from 1.1879 is complete. Further rise to test 1.1879 resistance could be expected in the coming days, a breakout of this level could trigger further bullish movement towards next resistance level at 1.2029. Near term support is at 1.1730, only a […]
E Market Briefing For Thursday, Oct. 19
It’s not a ‘Rodney Dangerfield’ market – as it gets too much respect. Very smart analysts sum it up by saying ‘hallelujah’ or even calling it the ‘greatest bull market ever’. That’s the case ‘even if’ the market holds up and doesn’t break. However in an internal way the market has been correcting rotationally; and […]
We Have Met The Enemy… And He Is Us
Warning: I’m going to jump all over the show today. Live with it. When your umbilical cord was severed, and you’d only just entered this world, you had approximately 100 billion brain cells. At some point in the future (hopefully very distant), an old man in sturdy boots and a trench coat will throw dirt on […]
Ethereum Price Remains In The Bullish Zone After Byzantium
Ethereum price was rising steadily before and during the Byzantium fork. It even managed to touch the 350 USD level. Since then, it dropped briefly below 300 to touch a low of 287 USD. Even with this recent drop, we maintain a Bullish stance on Ethereum price, even with the recent price movement. Here is why. First […]
