Category Archive: Finance, No picture
Gold Rally Pre-Market… Sustainable?
(Video length 00:19:35) In this video, we will discuss the morning’s price action and stock chart of the US Dollar and the price of gold. There is no significant news to reference as to why the US Dollar is falling and the price of gold. We will also discuss the premarket activity of the US […]
Weekly Unemployment Claims: Down 2K – Thursday, Nov. 1
Here is the opening statement from the Department of Labor: In the week ending October 27, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 213,750, […]
Carl Icahn Sues Dell Over Plans To Go Public
Affiliates of Carl C. Icahn, which own 18.5 million shares, or 9.3%, of Dell Technologies Inc.’s Class V Common Stock, have commenced litigation against Dell Technologies Inc. The complaint was filed in the Court of Chancery of the State of Delaware on October 31, 2018. “Icahn affiliates forced to file complaint against Dell because even […]
Wavering Bulls
Are there waivers coming from the US to some buyers of Iranian crude oil? The US government and OPEC are doing their part to try to cool oil prices ahead of US sanctions on Iran and yesterday they had some success. Not only did we see a 1.5-million-barrel release from the US Strategic Petroleum Reserve, to cool […]
Sensex Ends Day Flat; IT Stocks Top Losers
After opening the day in green, share markets in India witnessed negative trading activity throughout the day, and ended below the dotted line. Sectoral indices ended the day in mixed, with stocks in the FMCG sector and stocks in the IT sector leading the losses. At the closing bell, the BSE Sensex stood lower by 10 points (down 0.1%) and the NSE Nifty closed down […]
USD/CAD Daily Analysis – Thursday, Nov. 1
USD/CAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3065, a breakdown below this level could bring the price back towards the bullish trend […]
E Arguing About Fed Policy Is A Waste Of Time
When government (or a President) claims that Federal Reserve policy is hurting the economy, they are either grandstanding or are ignorant about the function and purpose of the Federal Reserve. No one wants to see the economy suffer, anymore than they want to see a plague, or infectious disease, affect millions of people. And no […]
Don’t Invent Income!
Seems like a no-brainer – why would anyone want to invent income? That just means you’ll have to pay tax, right? Not always, especially if the income is for a minor and is only a relatively small amount – say, enough to qualify for the maximum Roth IRA contribution, for example. This is a follow-up to the […]
Trump Is Not Thrilled. But What About Gold?
Trump is going to influence the US monetary policy or even to destroy the Fed’s independence. This is what many analysts say after the recent President’s comments. But are they right? We invite you to read our careful examination of Trump’s remarks about the Fed’s policy and find out what does it imply for the independence of […]
AUD/USD Weekly Analysis – Thursday, Nov. 1
AUD/USD extended its upside movement from 0.7020 to as high as 0.7133. Further rally is still possible and next target would be at 0.7159 resistance. Support is located at the rising trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.
