Category Archive: Finance
EUR/USD: Time For A Downwards Correction
Previous: On Friday, trading on the euro/dollar pair closed up. Trading volumes were high, which was enough to hit a new 52-week high with an empty economic calendar. The euro/dollar rate rose to 1.1683. The general weakness of the US dollar, combined with investor confidence in the reversal of the ECB’s QE program, is pushing […]
Euro Recovers From Softer Flash PMI
The euro made a marginal new high in early Asia, but participants rightly drew cautious ahead of the flash eurozone PMI. The flash PMI was softer than expected, and although the composite fell to six monthly lows, it is more a reflection of how steady it has been at elevated levels. At the same time, it is consistent […]
“It Feels Like An Avalanche”: China’s Crackdown On Conglomerates Has Sent A “Shock Wave” Across Markets
The first to suffer Beijing’s crackdown against China’s private merger-crazy conglomerates, wave was the acquisitive “insurance” behemoth, Anbang, whose CEO Wu Xiaohui briefly disappeared as the Politburo made it clear that the “old way” of money laundering – via offshore deals – is no longer tolerated. Then, several weeks later and shortly after the stocks of […]
USD/JPY Falls To Low Support, Death Cross In Play
The downfall of the dollar continues and today it is quite pronounced in the pair that usually best reflects US developments. USD/JPY is trading just above support at 110.60. The line formed part of the steep uptrend channel that the pair was riding on, all the way to 114.50. When the pair moved out of the channel, […]
AUD/USD A Big Gainer – Is 0.80 In Play?
A new week begins with new weakness in the US dollar. USD/JPY is at the lowest in a month, USD/CAD is looking at the lows and even GBP/USD is recovering. The Australian dollar stands out with the largest percentage-wise gains. AUD/USD is trading around 0.7960, still below the spike high of 0.7987 that was recorded last […]
Above The 40 – A Stock Market Soaring High But On The Edge
Commentary The S&P 500 (SPY) is soaring high since its impressive breakout two weeks ago. The S&P 500 (SPY) is holding onto significant moment since its last breakout: the upper-Bollinger Bands (BBs) define the latest uptrend. The Nasdaq and PowerShares QQQ ETF (QQQ) have charts very similar to the S&P 500. Unfortunately, the stall of […]
AUD/USD Forex Signal – Monday, July 24
Last Thursday’s signals were not triggered as none of the key levels were ever reached. Today’s AUD/USD Signals Risk 0.75%. Trades may only be taken between 8am New York time and 5pm Tokyo time, over the next 24-hour period. Short Trade 1 Short entry following some bearish price action on the H1 time frame immediately upon […]
Nifty Hovers Near 10,000 Mark; Energy Stocks Witness Buying
After opening the day marginally higher, stock markets in India have continued their momentum. Presently, they are trading near their all-time high levels. Indian indices are scaling new highs of late. And there’s a flood of liquidity pouring into Indian stock markets in search of higher returns. One of the key factors behind the above flow of […]
Monday Market Review
Last week I posted an analysis on Oil and the highs chances it had to get rejected and reverse lower. Oil price made a double top at 47.50$ and got rejected at the Ichimoku daily Kumo (cloud). This was sent to our subscribers: I’m short since 47$ and we could now be starting a new downward wave […]
Recent Stock Purchase July 2017
While I remain committed to making at least one purchase every month, it’s clear that my buying frequency has slowed down a bit. It seems that I’m making my buys about every four or five weeks rather than every week or two as I have done earlier this year. This fact just illustrates my continued […]
