Category Archive: Finance, No picture
Is EUR/USD Rolling Over Ahead Of Powell?
As we noted in the recap to yesterday’s FOMC minutes (see “FOMC Minutes: Three Frustrating Fed Fears Fail to Fade” for more), this week’s marquee event for the US economy was always going to be Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium, which takes place at 10:00am ET. Especially after central bank policymakers expressed […]
USD/JPY Price Outlook: Yen Reversal Faces Initial Resistance Hurdles
USD/JPY recovery testing first major resistance hurdle- price remains constructive above 110.59 The Japanese Yen has been under considerable pressure over the past few days after price (USD/JPY) responded to a key support confluence. Here are the updated targets and invalidation levels that matter on the USD/JPY charts heading into Jackson Hole this weekend. Review this week’s Strategy Webinar for an […]
Fed Minutes Focus On Risks
Fed Minutes: Are They A Hodgepodge? Fed minutes – Some have commented that the Fed Minutes is a mishmash of various discussions had by investors, members of the media, and economists. That’s probably a harsh way to put it because you can’t expect the Fed to not talk about the news of the day such as trade […]
4 Energy Mutual Funds To Buy As Oil Prices Rally Above $74
The Energy Information Administration (EIA) on Aug 22, reported that U.S. crude inventories dropped by 5.8 million barrels for the week ending Aug 17. Following this, crude oil price rose to a two-week high to just over $74 a barrel. Moreover, crude-oil futures increased for the fifth consecutive session. This rise was partially supported by […]
EUR/USD Bullish Sequence Snaps Despite Less-Dovish ECB Rhetoric
EURO TALKING POINTS The near-term rebound in EUR/USD appears to have stalled even though the European Central Bank (ECB) remains upbeat on the economy, and fresh comments coming out of the Federal Reserve may undermine the recent advance in the exchange rate should the central bank prepare U.S. households and businesses for four rate-hikes in 2018. EUR/USD […]
Gold Price Mired In Downtrend – Key Levels To Watch
Talking Points: – Gold’s appeal as a safe haven has been called into question after a weak performance during the most recent period of market stress. – Rising short-term interest rates in the US, coupled with a strong US Dollar, have limited the appeal of Gold in the near-term. – Retail traders remain net-long Gold, but sentiment […]
E The Bitcoin Pattern
The pattern following the parabolic 2011 top in silver is similar to what we currently see in Bitcoin. After a parabolic top, there is an initial crash, then a long sideways consolidation before a secondary collapse. Silver post-bubble collapse – Notice how silver bounced off the $26.00 support several times. Each post-bubble rebound made a […]
Sensex Ends Flat; IT & FMCG Stocks Outperform
Indian share markets ended broadly flat on Thursday amid weak Asian markets. At the closing bell, BSE Sensex ended up by 51 points, while, NSE Nifty ended up by 12 points. Sectoral indices ended the day on a mixed note with information technology stocks and FMCG stocks leading the gainers. While metal stocks and bank stocks ended the day in the red. Globally, Asian stock markets finished mixed as of […]
BTC/USD Forex Signal – Thursday, August 23
Yesterday’s signals produced a losing long trade from the bullish rejection of the support level at $6,636. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Long entry after a bullish price action reversal on the H1 time […]
The Re-Electrification Of Energy And Copper’s Big Role In It
My latest guest is Gianni Kovacevic, Executive Chairman of CopperBank, a company that offer investors maximum optionality to future copper prices. He is the author of the book, “My Electrician Drives A Porsche?”. To promote the book in 2016, he embarked on a book tour driving a Tesla all-electric car from Toronto to Seattle. Gianni […]
