Category Archive: Finance
BITCOIN: Momentum Is Fading
The following Daily chart of Bitcoin shows that the momentum and rate of change technical indicators are fading and do not support the latest push upwards to nearly 5000 (actual high was 4969). Near-term support sits somewhere between 3770 (40% Fib retracement level) and 4000 (price and channel support). Medium-term support sits around the 50% Fib retracement level of 3400, while longer-term support sits around the 60% […]
US Dollar, Yen And Gold Price Impact Of US Debt Ceiling Deadline
The United States Congress returns from its summer recess on September 5th. When voting members arrive back, topics such as President Donald Trump’s promises to cut taxes and boost infrastructure spending might be temporarily overshadowed by a more prominent near-term risk for the markets. In 2015, Congress suspended the debt ceiling via the passing of […]
Buy These 5 Low Leverage Stocks To Protect Your Portfolio
Per the theory of cost of capital, a company’s capital structure reflects a mix of debt and equity that are used to finance its capital projects. Now a comparative analysis of the same theory reveals that most companies prefer debt financing over equity since debt is cheaper, especially in periods of low interest rates. This […]
South Korea Proposes Full Oil, Currency Blockade Of North; China Says No
Unable to make de-escalation progress using conventional diplomatic means at the United Nations, on Monday South Korean President Moon Jae-in proposed that the U.N. Security Council hold serious discussions about imposing an energy and capital blockade on North Korea, by cutting off oil supplies to Kim’s regime coupled with a block of North Korean sources of foreign […]
Finally… A Cure For Cancer?
Wednesday was a historic day in the biotech field. A revolutionary way of fighting cancer was approved for the first time by the Food and Drug Administration. Novartis’ (NYSE: NVS) CAR-T therapy Kymriah got the green light from U.S. regulators to treat children and young adults with B-cell acute lymphoblastic leukemia who aren’t responding to […]
A Tax Exemption Has Helped Credit Unions Since The 1930s, But Some Argue They Should Be Treated More Like Banks
from the Richmond Fed — this post authored by Sabrina R. Pellerin The first U.S. credit union – St. Mary’s Cooperative Credit Association in Manchester, N.H. – opened its doors in 1908 with the mission of meeting the personal financial needs of a targeted community: French-American mill workers. Those who helped organize St. Mary’s believed […]
Draghi’s Worst Nightmare
So yeah. Good luck trading this. I’m not sure I’ve ever seen a setup that’s more conducive to algo madness. That’s from our week ahead preview and it should serve as a warning to anyone feeling brave about trading the euro around Thursday’s ECB meeting. There’s both upside and downside risk for the single currency this week, […]
The Absurdity Of The “Living Wage”
POITOU, FRANCE – Today is Labor Day. Most of the world pays homage to its sweating, busing, trucking classes, its poor huddled masses… yearning for a cushier seat and a better deal… on May 1. President Grover Cleveland chose the first Monday in September. Of great interest to people in America, as indicated by the […]
How Closely Is Your State Economy Tied To Canada?
With negotiations around NAFTA continuing on into this week, many Americans are rightfully wondering how major changes to the deal could impact their lives. Discussions are still early, and it’s tough to predict the exact policies that will be affected until negotiations reach their peak. However, until that point, there is one simple barometer that […]
Are Millennial Investors The Only Investors With Short Attention Spans?
Doug Goldstein, CFP®, director of Profile Investment Services Ltd., and Shannah Game, CFP® and millennial investment specialist, discuss if millennial investors short attention span is unique to their generation, or if other investors also suffer from limited financial focus. Shannah shares with Doug how she encourages millennials to take their retirement and financial future seriously. […]
