Category Archive: Finance, No picture
Trump’s Trade War With China: The US Is Not Winning
Think trade wars are easy to win? Think again. The Independent reports . President Donald Trump’s ‘America First’ trade policies have led to a 94 per cent cut in US soybean exports to China, forcing farmers in America’s midwest to stockpile crops and hope relief comes before the rot. After decades in which American soybean […]
USDCAD Daily Analysis – Tuesday, Nov. 20
USDCAD failed to break below the rising price channel on the 4-hour chart and rebounded from 1.3126. A further rally would likely be seen and the next target would be at 1.3250 area. Support is at 1.3126, only a breakdown below this level could signal completion of the uptrend.
Black Friday Comes Early To The Cryptosphere
Black Friday is almost here – but cryptocurrency is on sale right now. What are the best deals for bargain hunters? I also look at Ripple (XRP) which has been outperforming Bitcoin (BTC) all week. What’s going on with the banker’s token? Crypto Carnage Or Bitcoin Bonanza? Forget Cyber Monday, and even Singles Day in […]
Home Builder Sentiment Punctuates The Slowdown In The Housing Market
The plunge in sentiment delivered a timely exclamation point to all the other signs of a slowdown I have been observing and describing for much of this year. It stands well by itself without the additional context of the rest of November’s reports on housing data. In the April housing market review, I explained why I […]
Gold Prices May Continue Higher As Yields Fall In Risk-Off Trade
Gold prices rose as bond yields declined amid risk aversion, boosting the relative appeal of non-interest-bearing alternatives. Crude oil prices probed lower alongside equities but the move reversed course midday after IEA Executive Director Fatih Birol opined that spare production capacity in Saudi Arabia is “very thin”, implying relatively little scope for boosting supply. GOLD MAY RISE IN RISK-OFF […]
AUDUSD Daily Analysis – Tuesday, Nov. 20
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline is possible and next target would be at 0.7200 area. Near-term resistance is at 0.7310, only a break out of this level could trigger another rise towards 0.7400.
Sensex Opens In The Red; Yes Bank Down 5%
Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.9% while the Hang Seng is down 1.7%. The Shanghai Composite is trading down by 1.4%. US stocks dropped, and the Nasdaq fell 3% on Monday as investors dumped Apple, internet and other technology shares. Back home, India share markets have opened the day on a […]
Cryptopocalypse 2018
Down 75%, does Bitcoin make any sense? Earlier today I grabbed this screenshot from Yahoo’s Cryptocurrency Screener showing a lot of declines for the day including Bitcoin below $5000, it took back that level shortly thereafter but is back below as I publish this post. I’ve written about Bitcoin a few times and traded it once […]
AUD/USD Bullish Sequence Sputters Ahead Of RBA Minutes
The near-term advance in AUD/USD appears to be stalling ahead of the Reserve Bank of Australia (RBA) Minutes as it struggles to extend the recent series of higher highs & lows, but the exchange rate may stage a larger correction over the remainder of the month as long as the Relative Strength Index (RSI) preserves the bullish […]
Opportunities Keep Coming As Market Pain Persists
Stocks slowly crater today with big tech stocks like AAPL and AMZN getting annihilated. What an incredible time to be a trader as opportunities are everywhere. Watch this video newsletter now so you’re on the front line of the trading opportunities… (Video length 00:14:20)
