Category Archive: Finance, No picture
BTC/USD Forex Signal – Thursday, Nov. 8
Yesterday’s signals were not triggered, as the low was just slightly off the support level identified at $6,440. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm Tokyo time today, over the next 24-hour period. Long Trades Go long after a bullish price action reversal on the H1 time frame following […]
Post-Election Economic Forecast: Political Gridlock Will Be Good For Business
The economy will do well with government control divided between Democrats and Republicans. I didn’t always believe this, but a decade ago I was persuaded by the late economist William A. Niskanen. “Our federal government may work better (well, less badly) when at least one house of Congress is controlled by the opposing party,” he […]
USDCAD Daily Analysis – Thursday, Nov. 8
USDCAD continued its sideways movement in a trading range between 1.3048 and 1.3169. The sideways move is likely consolidation for the uptrend from 1.2782. As long as 1.3048 support holds, the upside movement could be expected to resume and a breakout of 1.3169 resistance could take the price to 1.3250 area. Only a breakdown below […]
Top 5 Charts Of The Week – Thursday, Nov. 8
This week we look at the following charts and themes: Crude oil breakdown – the technical picture looks bleak as headwinds mount Global institutional investor confidence – instos drop equity allocations to a 5 year low EM vs DM manufacturing PMIs – EM PMI rebounds to a 5 month high in October Economic Policy Uncertainty […]
New ETFs That You May Or May Not Be Able To Use
A look at several new ETFs listed this week. The first ETF to look at is the ProShares Pet Care ETF (PAWZ). The high level theme is very easy to understand, all the more so if you have pets, people are willing to spend a lot of money caring for and feeding their dogs, cats […]
E EUR/AUD Looking Bearish
EUR/AUD made a nice drop yesterday, down from 1.580 level which we labeled as sub-wave v of 3. This drop can now look for support and a bullish reversal near the 1.5600 area, from where a temporary corrective rise can follow, which can later look for resistance near the 1.580 region. A later drop from […]
AUDUSD Daily Analysis – Thursday, Nov. 8
AUDUSD broke above 0.7258 resistance and extended its upside movement from 0.7020 to as high as 0.7299. Further rise is still possible and next target would be at 0.7340 area. Near-term support is at 0.7200, followed by 0.7180, only break below these levels could bring the price back towards the bullish trend line on the […]
Gold, Crude Oil Prices May Accelerate Lower On Upbeat FOMC
Commodity prices seesawed in the aftermath of US midterm elections yesterday. Initial US Dollar weakness offered a lift as markets worried about fiscal policy deadlock after the Democrats secured a hold on the House of Representatives while Republicans successfully defended (and expanded) their majority in the Senate. The move came undone over the course of the day, […]
EUR/USD Is Under Fresh Pressure As Reality Returns
The EUR/USD drifts down as the dust settles from the US elections. The Federal Reserve will likely remind us of monetary policy divergence. The pair is trading within an uptrend channel but may challenge the lows. The EUR/USD is trading above 1.1400 but far from the highs of 1.1500 seen on Wednesday. The US Dollar was on […]
The Three Largest Cryptocurrencies – Wednesday, Nov. 7
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
