Category Archive: Finance, No picture
USDCAD Daily Analysis – Wednesday, August 29
USDCAD extended its downside movement from 1.3174 to as low as 1.2949, breaking below 1.2961 support. Further decline could be expected after a minor consolidation and next target would be at 1.2800 area. Resistance is at 1.3030, only a break of this level could bring the price back to 1.3150 area.
Mercer NBSK Pulp Makes A World Of Paper
This week I’m seeking a high-yield and growing stock from the basic materials sector. That materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a small-cap paper […]
Mortgage Prisoners Totally Screwed In Australia As Refinance Rejections Soar
Australia is flooded with “too good to be true” refinance offers. Rejections up 349% since April, 1426% from December. Looking to refinance your Australian property you wish you didn’t buy? Not to worry, I can help is the message banks are sending. Oops, strike that. The total number of monthly rejections went from 2,031 in […]
Is Tunisia The Next Emerging Market To Implode?
Seems like every few days a newly developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign currency debt” seemed like a good thing. Next up: Tunisia, apparently. From today’s Wall Street Journal: Nation That Sparked Arab Spring Finds Itself a Springboard for Illegal Migration AL ATAYA, […]
BTC/USD Forex Signal – Wednesday, August 29
Yesterday’s signals were not triggered, as the price never reached any of the key support or resistance levels. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken between 8am London time and 5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 […]
Crude Oil Prices Eye Inventory Data, Gold May Fall On US GDP
Commodity prices continued to reflect swings in the US Dollar on Tuesday. Unlike the prior two sessions however, this meant weakness as the Conference Board published impressively strong consumer confidence data that sent the benchmark currency upward. Gold prices suffered as the greenback’s gains undermined the appeal of anti-fiat alternatives epitomized by the yellow metal. Meanwhile, crude oil prices succumbed […]
AUDUSD Daily Analysis – Wednesday August 29
AUDUSD is facing 0.7381 resistance, a break of this level could trigger a further bullish move to 0.7450 area. Near-term support is at 0.7290, only a breakdown below this level could bring the price back towards 0.7202 support.
Indian Indices Open Marginally Higher; Metal Stocks Witness Buying
Asian shares are trading on a mixed note today. The Nikkei 225 is up 0.5% while the Hang Seng is up 0.2%. On the other hand, the Shanghai Composite is trading down by 0.35%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 71 points (up 0.2%) while the NSE Nifty is trading up by 13 points (up […]
Scalping Tips, Backtesting & Options Plays
Video Length: 00:43:45 Today, we take a look at some scalping tips for when the market opens Wednesday, and discuss some brief thoughts on backtesting. Then we go deep into an options play on Skechers (SKX) while we do some early preparation for October earnings.
10 Startups To Watch In 2018
“Because they are the job creators and innovators of the future.” is why Richard Branson, the founder of Virgin Group, invests in startup businesses. Learning about investment trends and the economic and financial climate is a good stepping stone towards making a good investment. And what makes a startup development business a worthwhile investment are the passion, determination, and drive […]
