Category Archive: Finance
USD/JPY Intra-Day Elliott Wave View
JPY (USD/JPY) made a new high above last Friday’s peak and now seems to be pulling back. Move up from 113.53 ((x)) low could be viewed as a 5 swing Leading Diagonal Elliott Wave structure. There is RSI divergence (not showing) between red wave iii and blue (a) which further supports the idea of JPY move […]
U.S Import Prices Soar To 5 Year Highs As Fuel Costs Spike
Thanks to a surge in prices from Canada and Asia Near East, US Import Prices soared more than expected in February. The 4.6% rise is the highest since February 2012, driven by a 40.5% surge year-over-year in Fuels and lubricants. Notably US import prices from Mexico fell 0.3% YoY.
The Stock Whisper Of The Day: MT, SPY, XLF, GLD
Hot stocks of the day: MT, SPY, XLF, GLD Video length: 00:06:55
Draghi Press Conference – Live Coverage
After the ECB left its policy unchanged, we cover the bigger event: the press conference by ECB President Mario Draghi. Follow the live video coverage of the event that moves EUR/USD. Live Coverage Follow the live coverage with Valeria Bednarik, Mauricio Carrillo and myself:
Oil Erases Entire OPEC Cut Rally: “And Like That, It’s Gone”
Well goddammit I told you so. I don’t how many times I’ve said that oil will almost invariably head lower (and maybe sharply lower) once everyone gets sick and tired of waiting around for something that, to be brutally honest with you, isn’t f**king coming. The whole production cut agreement was a farce from the […]
Landslide
They took the oil and took it down, a stunning build and it turn straight down. When you count the barrels and the oil drilled, a landslide brought it down. A massive crude oil build rocked the oil market in what could be a major downside breakdown that is raising the stakes for OPEC and […]
Oil Glut’s Failure To Fade Puts Renewed Pressure On Prices
Although OPEC is still walking around triumphantly as members keep to their output cut commitments, American shale production has reemerged as a force to be reckoned with as evidenced by the latest bit of inventory data. This is yet another shred of proof that the global inventory glut that has built up over the last […]
GBP/USD: Bearish, Remains Vulnerable To The Downside
GBP/USD: The pair continues to face further weakness following more declines on Wednesday. Support lies at the 1.2150 level where a break will turn attention to the 1.2100 level. Further down, support lies at the 1.2050 level. Below here will set the stage for more weakness towards the 1.2000 level. Conversely, resistance stands at the […]
S&P 500 And Nasdaq 100 Forecast – Thursday, March 9
S&P 500 The S&P 500 fell during the session on Wednesday, but we continue to find support near the 2350 handle. Because of this, I have no interest in shorting this market and I see a couple of moving average is that are coming into play every time we dip. The 20-day exponential moving average, […]
ECB Keeps Rates On Hold, Keeps Dovish “Extended Period Of Time” Forward Guidance
Moments ago the ECB kept all three rates on hold, however in a dovish addition, it kept its current forward guidance which some analysts had expected may be scrapped, by noting that “the Governing Council continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of […]
