Category Archive: Finance
Market Cycle Top?
About four years ago I went to a Bloomberg hosted talk on Market Cycles. I have been wracking my brain and Google trying to find the presentation and speaker name (which was available on line) but I thought the talk interesting enough to market in my Google calendar the date for the New Moon in […]
Commodities Lead Markets Higher In Mid-October
Broadly defined commodities rebounded last week, posting the strongest gain for the major asset classes. The iPath Bloomberg Commodity (DJP) popped 2.6% over the five trading days through Oct. 13. The rise marks the first weekly gain in four weeks, lifting the exchange-traded note to its highest close since April. Nearly all corners of the major […]
Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes
World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Global markets digested the large amount of weekend newsflow, and clearly liked what they saw as S&P futures were modestly in […]
S&P 500 And Nasdaq 100 Forecast – Monday, Oct. 16
S&P 500 The S&P 500 continues to show resiliency, as we rallied during the day on Friday. The 2550 level looks to be offering support, and with earnings season kicking off this week, we had seen money flowing into the index anyway. I think that eventually we will break out to the upside, but I’m […]
Triangle On GBPNZD Points Higher
Good day traders! Today let’s have a look at GBPNZD and its potential Elliott wave pattern. GBPNZD is trading in a potentially complex correction as part of wave iv). We see a possible contracting triangle correction in the making, with four sub-waves already unfolded. Current intra-day move can now be final sub-wave e of iv), […]
Investors Are Ignoring The Evidence At Their Peril
I was recently watching a movie about the FBI trying to bring down a terrorist cell in the U.S. During their investigation, their evidence board became more and more cluttered with people, evidence, and locations as they attempted to track down the “cell.” At first, the clues were disparate, and they didn’t provide a clear path […]
BTC/USD Forex Signal – Monday, Oct. 16
Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before 5pm New York time today only. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of $5380.48, $5225.22, or $4911.53. Put the stop loss 1 pip below the local swing low. Adjust the […]
U.S. Dollar Index Prepares To Test 93 Level, Once Again
This week’s Chart of the Week features the U.S. Dollar Index (DXY) as it prepares to test the $93 level once again. The last time $93 was tested, we saw a rally above $94, however we are expecting $93 to fail this time around. Beyond $93, we are looking to break below the trendline at $92.85 and […]
Russia To Create Its Own “Cryptoruble” After Denouncing Cryptocurrencies
After denouncing other cryptocurrencies, Russia is planning to join the cryptocurrency game. Russian President Vladimir Putin has officially stated that Russia will issue its own ‘CryptoRuble’ at a closed-door meeting in Moscow. How Will Russian Cryptocurrency CryptoRuble Be Different? So how will this new Russian cryptocurrency be different? Well, in a true Russian manner, it is […]
The Great Reckoning For Policymakers’ Failures Has Begun
Next week, I will publish my annual Budget Outlook, covering the 2018-2020 period. The aim, as always, will be to challenge conventional wisdom when this seems to be heading in the wrong direction. Before publishing the new Outlook each year, I always like to review my previous forecast. Past performance may not be a perfect […]
