Category Archive: Finance, No picture
E EURGBP: Price Into A Sharp And Firm Reversal
EURGBP can be unfolding an EW ending diagonal within wave 5 of a bigger, bullish impulse. An ending diagonal once completed, will push the price into a sharp and firm reversal which tends to reach the starting point of the pattern. In our case, this is at 0.882 level, where the bigger pullback can look […]
NAHB Housing Market Index: “Builder Confidence Drops As Housing Affordability Issues Rise”
The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook. The latest […]
The Ultimate Stablecoin
A long time ago in a galaxy far, far away we wrote a series of articles arguing that bitcoin is not money and is not sound. Bitcoin was skyrocketing at the time, as we wrote most of them between July 30 and Oct 1 last year. Back in those halcyon days, volatility was deemed to be […]
Sensex Ends 317 Points Higher; Realty And FMCG Stocks Witness Buying
Indian share markets continued to trade on a positive note during closing hours of trade and ended the day on a strong note. Gains were largely seen in the realty sector and FMCG sector. At the closing bell, the BSE Sensex stood higher by 317 points (up 0.9%) and the NSE Nifty closed higher by 81 points (up 0.8%). The BSE Mid Cap index ended […]
BTC/USD Forex Signal – Monday, Nov. 19
Last Thursday’s signals produced a losing long trade from the bullish inside candlestick which broke up after rejecting the support level identified at $5,376. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before 5pm Tokyo time today, during the next 24-hour period only. Long Trades Long entry after a bullish price action reversal […]
Investors Most Bearish On GBP
If there is no deal in the UK this week, GBP/USD may continue to fall. Serious financial disruption in UK looks real for now The British pound could tumble another 3-4% following the resignation of UK’s Brexit Secretary Dominic Raab, increasing risks to Prime Minister Theresa May’s leadership and the potential for a “no deal.” Investors are […]
Sensex Trades Marginally Higher; Yes Bank & Tata Motors Top Gainers
Share markets in India are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the realty sector and metal sector witnessing maximum buying interest while oil & gas stocks are witnessing selling pressure. The BSE Sensex is trading up by 141 points (up 0.4%), while the NSE Nifty is trading up by 33 points (up 0.3%). The BSE Mid […]
KB Home Confirmed Longstanding Market Fears Over Home Builders
In most of my Housing Market Reviews this year, I chronicled the growing warning signs in the housing market and the on-going technical damage in the stocks of home builders. Until the last few months, I remained hopeful that a turn-around waited around the corner; I kept looking for the reassurances of the home builders to translate […]
USDCAD Daily Analysis – Monday, Nov. 19
USDCAD is testing the support of the price channel on the 4-hour chart. A breakdown below the channel support would indicate that the upside movement from 1.2782 had completed at 1.3263 already, then deeper decline to 1.3050 area could be seen. Near-term resistance is at 1.3190, a breakout of this level could trigger another upside […]
US Dollar Aims Higher On European Turmoil, Fed Outlook Rethink
US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar may find boost from Brexit drama, Italy vs EU budget fight PMI surveys may prompt rethink of dovish shift in Fed rate hike bets US Thanksgiving holiday to drain liquidity into the end of the week Homegrown schedule event risk will be sparse in a holiday-shortened week ahead, […]
