Category Archive: Finance
Gold Price Broke Above Trend Line Resistance
XAU/USD recently broke above the support-turned-resistance trend line at 1237 on its daily chart, indicating that the downside movement from 1295.94 had completed at 1204.77 already. On the upside On the 4-hour chart, the gold price ran in a bullish price channel with support at the bottom trend line at around 1241. As long as […]
FX Spec Positioning Hits Multi-Year Extremes As Dollar Tumbles, Euro Soars
Following the latest weekly battering of the USD, which has tumbled to near one year lows, the latest CFTC net spec positioning (which traditionally represents a lagging picture of price trend and has very limited, if any, informational value) saw a continuation of recent extreme moves, nowhere more so than in Euro and Japanese Yen […]
Macro Mondays: Credit Basics
Oh, credit. Seems like you can’t sit in front of the TV for any length of time without seeing some advertisement for a credit card or something to use to monitor your credit in the likely event that you are irresponsible. Many of us kid ourselves when we say we know a thing or two […]
EUR/USD Uptrend Aims For Next Target At 1.1750
EUR/USD 4 hour The EUR/USD showed a classical break, pullback and continuation pattern above the 1.15 resistance level. Price is still in a wave 3 (orange) momentum which could last till the next round resistance zone at 1.1750. Once wave 3 is completed, price will most likely build a wave 4 correction which should then […]
Sensex Opens Marginally Higher; Lupin Gains 1.7% In Early Trade
Asian stocks markets were trading mixed as market focused on the weaker dollar and the upcoming two-day policy meeting of Fed later this week. The Nikkei 225 is up 0.86% while the Hang Seng is up 0.41%. The Shanghai Composite is up 0.18%. US and European markets closed lower in their previous sessions. Meanwhile, Indian share markets have […]
Crude Oil Prices May Fall Absent Hopes For Deeper Output Cuts
Crude oil prices tumbled after tanker tracker Petro-Logistics SA said OPEC output will exceed 33 million barrels per day in July, making it the largest yet this year. That stocked skepticism about the ability of the cartel-led production cut effort to work off a global supply glut and boost prices. All eyes now turn to St. Petersburg, where representatives […]
Stocks Watchlist: INCY, CAVM, ACM
Today’s stock picks Long Incyte (INCY) Long Cavium Networks (CAVM) Short Aecom Technology (ACM)
Oil Got Trounced And Solar Soared In The First Half
The first half of 2017 marked the worst first-half performance for crude oil since 1998. The price of West Texas Intermediate (WTI) and Brent crude both fell 14% in the first half of the year. Coal and natural gas also declined by more than 10% in the first half. Nearly every segment of the energy […]
What Kinder Morgan Tells Us About MLPs
Kinder Morgan (KMI) reported earnings last week, including a long expected dividend hike and a pleasantly surprising stock buyback. In many ways the stock performance and corporate finance moves of KMI reflect the Master Limited Partnership (MLP) sector as a whole. Pre-Shale Revolution, Kinder Morgan Partners (KMP) had rewarded investors with steady distribution growth and […]
Stocks To Watch In Summer
Hey guys, as summer is here my writing frequency went a little down, sorry for that but summer time is one of the best times of the year :). Nevertheless let’s have a look at the current development of the stock market. Although I said my main investment focus until the end of the year […]
