Category Archive: Finance, No picture
Darker Clouds Gather Around The Euro After Italy’s Disappointing GDP
The EUR/USD trades below 1.1400 once again, unable to recover. Worries about Italy and Germany are balanced by some risk-on mood. The technical picture is mixed for the pair. The EUR/USD is trading below 1.1400 but refraining from the cycle lows of 1.1335. Italy’s economy stagnated in the third quarter of 2018, worse than 0.1% […]
Sensex Ends Day In Red; Energy Stocks Lead Losses
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a negative note. Sectoral indices traded mixed, with stocks in the energy sector and stocks in the banking sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 176 points (down 0.5%) and the NSE Nifty closed down […]
E Elliott Wave Analysis: LTC/USD Points Towards 40-30 Area; Maybe A Bounce This Year?
Litecoin is bearish as well as other cryptocurrencies and can be ending a five-wave drop within wave (C) of a higher degree. Equality measurement of waves I=V are targeting 40-30 area, so be aware of a bounce once price hits new lows below 50 region. However, LTC is bearish, while it’s below 100 region and […]
USD/CAD Weekly Analysis – Tuesday, Oct. 30
USD/CAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2782. As long as the price is above the trend line, the fall from 1.3159 could be treated as consolidation for the uptrend and further rise towards 1.3200 is still possible. Key support is at 1.2969, only a […]
Are We Near The End Of A Correction Or Near The Start Of A Bear?
Everybody in the market is asking themselves this question. I don’t know the answer, but I know what the overwhelming weight of the technical evidence says at this point. The major averages have broken down below their 200 day moving averages and seem to have taken up residence there. That’s bad. Trump is bullheaded about […]
Tanger Rated Underform By Wall Street
That real estate sector includes nine industries all related to real property ownership. The industries are: general real estate; Real estate services; and seven varieties of real estate investment trusts: diversified, healthcare facilities, hotel & motel, industrial, office, residential, and retail. Today I’m reviewing a mid-cap real estate investment trust – retail, named Tanger Factory […]
E S&P 500 Intra-Day View – Elliott Wave Analysis
We can see relatively slow moves in FX despite some volatile price action yesterday on US stocks. There was a new spike lower on S&P 500 futures, but JPY barely moved to the upside. In fact, it’s mostly trading lower since then as USD/JPY is trading towards 113.00 resistance. SP500 futures hit a new low […]
Volcker Blasts Bernanke And Yellen Over 2% Inflation Target
Volcker openly criticizes his Fed successors over inflation targeting. He is correct yet he did not go far enough. False Precision Paul Volcker wrote an op-ed for Bloomberg accusing the Fed of “false precision”. On that score, as well as inflation targeting, his criticisms are accurate. Please consider What’s Wrong With the 2 Percent Inflation Target by […]
AUD/USD Weekly Analysis – Tuesday, Oct. 30
AUD/USD’s short term downtrend from 0.7159 had completed at 0.7020 already. Further rally would likely be seen and next target would be at 0.7150 area. Support is at 0.7020, only a breakdown below this level could trigger another fall towards 0.6900.
October Regional Fed Manufacturing Overview
Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]
