Category Archive: Finance
World Stocks At All Time Highs After Nikkei’s Record Winning Streak; Euro Slides With Spain On Edge
In an otherwise quiet session, Sunday’s convincing election victory for Japanese Prime Minister Shinzo Abe’s ruling coalition, which gave it another constitution-changing super majority, pushed the Nikkei to the highest level since 1996, after a record 15 consecutive days of gains – the longest winning streak on record – and sent world stocks to new all-time highs […]
US Dollar Starts New Week On Firm Note
The US dollar is enjoying modest gains against most currencies as prospects of both tax reform and additional monetary tightening by the Fed carry over from last week. The strong showing of the Liberal Democrats in Japan, where the governing coalition has maintained its super-majority is seen as confirmation of continuity. This helped lift Japanese shares and weighed […]
US Equities Rose Last Week While Most Other Markets Declined
Losses dominated the major asset classes last week, based on a set of exchange-traded products. But three corners of the global markets bucked the trend with gains: US stocks, junk bonds in the US, and high-yield bonds in foreign markets. The US stock market was the top performer for the five trading days through Oct. 20. Vanguard […]
Short-term Trading Idea FX EUR/GBP – Bear Speculation: Euro To Drop To 0.8624
Trading opportunities on the currency pair: A double top has formed at the 50% level, which has strengthened the bearish engulfing candlestick pattern. Taking the bearish factors into account, the euro is expected to drop to 0.8624. A drop on the EURGBP pair to 0.8856 would be a positive signal for this forecast. Background The previous […]
GBP/USD Daily Analysis – Monday, October 23
GBP/USD extended its downside movement from 1.3337 to as low as 1.3087, breaking below a support level at 1.3121. Further decline towards the major support trend line on the daily chart is possible in the coming days. Near term resistance is at 1.3228, and only an upside break of this level could take price back towards 1.3337 […]
Gold Prices Drop As Trump Trade Narrative Finds New Life
Gold prices dropped amid hopes that some elements of the so-called “Trump trade” may yet come to fruition last week. The Senate adopted a 2018 budget resolution that may pave the way for the US President’s tax cut plans, which markets think might boost near-term growth and stoke inflation. Bets that this will translate into a steeper Fed […]
EUR/USD Testing 78.6% Fibonacci Support At 1.1750
EUR/USD 4 hour The EUR/USD bounced at the support trend line (blue) of the larger triangle chart pattern. A break above resistance would confirm a bullish breakout within wave C of wave X (pink). A break below the support trend line (blue) will probably indicate a larger correction within wave 4 (light purple). 1 hour […]
This Secretive Japanese Company Is Driving The Global Boom In Industrial Automation
As we’ve reported in the past, skyrocketing wages in mainland China have caused the adoption of robot workers by the country’s manufacturers to accelerate rapidly in recent years, cementing the country’s position as a world leader in industrial automation. But while that trend has been widely cited and is widely known, particularly as the US plays […]
Abe Is Big In Japan – Can USD/JPY Break Out Of Range?
The election results confirmed the latest polls: Abe is returned to office with a huge, “super majority”. His coalition won 312 seats in the 465-strong lower house. This will allow him to enact his policies in full-swing. He vowed to use the money that will be raised by the rise in the sales tax for […]
Sensex Opens On A Strong Note; Energy & Metal Stocks Rally
Asian stock markets are trading mixed in morning trade. The Nikkei 225 is up by 1% as the dollar spiked to more than three-month highs against the yen following a snap election in Japan. Meanwhile, the Hang Seng and Shanghai Composite are trading in red. US stocks closed higher last week after the Senate took a step toward achieving tax […]
