Category Archive: Finance, No picture
Whose Tightening Is It Anyway?
I suppose it’s only fair. After all, they started it. Earlier in the year, Federal Reserve officials including Chairman Jay Powell suggested it was all Trump’s fault. The abrupt difficulties presented by the dollar were, they said, the result of tax cuts swelling the deficit and thereby threatening capital markets with a “deluge” of Treasury bills […]
Upbeat New Zealand Retail Sales Report To Fuel NZD/USD Rate Rebound
TRADING THE NEWS: NEW ZEALAND RETAIL SALES EX INFLATION Updates to New Zealand’s Retail Sales report may fuel the recent recovery in NZD/USD as household spending is expected to increase by 0.3% versus the 0.1% during the first three months of 2018. Signs of stronger consumption may heighten the appeal of the New Zealand dollar as it […]
ETFs In Focus On GICS Changes: Top Tech & FANG
(Video length 00:11:45) S&P Dow Jones and MSCI announced major changes in the Global Industry Classification Standard (GICS) last year, which will take place […]
The TJX Companies, Inc. Shares Jump On Q2 Revenue Rise & Guidance Lift
The TJX Companies, Inc. (NYSE: TJX) Markets reacted positively on Tuesday after discount retailer TJX revealed second-quarter sales that were above expectations. During the quarter, the Marshalls and T.J. Maxx parent company attracted higher numbers of younger customers due to its deep discounts. TJX also boosted its earnings and same-store sales growth guidance, sending its shares […]
The Case For The US Dollar Topping Out
The US Dollar (via the DXY Index) is pacing for its fourth consecutive day of losses today, the first time such a streak has transpired since the end of March. While the DXY Index was able to attempt a breakout of its two-month-long ascending triangle last week, it now appears that a false breakout scenario is […]
S&P 500 Longest Bull Market Ever: Record-Breaking Bear Market Coming
As traders cheer the longest bull market in history, they ought to be wondering “what’s next?” The bulls are cheering loudly today as the S&P Hits Record, Equals Longest Bull-Run The benchmark S&P 500 hit an all-time intraday high on Tuesday, the same day it equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging […]
EUR/USD Price Outlook: Euro Constructive Above 1.14
EUR/USD Price Outlook: Euro Constructive Above 1.14 Euro rebounded off slope support last week with the rally now targeting a key pivot zone. These are the targets & invalidation levels that matter on the EUR/USD charts. EUR/USD recovery testing first major resistance hurdle- price remains constructive above 1.14 Euro is testing a critical pivot range after rebounding off slope support last […]
Profit Taken On EUR/USD Long, Next Target Could Be 1.1620
EUR/USD Trading strategy: Await signal Open: – Target: – Stop-loss: – Recommended size: – Short analysis: Profit taken on EUR/USD long at 1.1520, earned: 170 pips, $320 per $10,000 in your account. The August 15 hammer candle warned of a direction change. We used that opportunity to open a long position. Subsequent climb in price has removed the 30-day MA lower […]
“Running Out Of August” (Perhaps Until February): Trump To Postpone Auto Tariffs
Commerce Secretary Wilbur Ross says it is ‘not clear’ a report on auto tariff recommendations will be coming this month. Trump delayed auto tariffs after a meeting with Jean-Claude Juncker that accomplished nothing. He is about to Delay Auto Tariffs Again according to Commerce Secretary Wilbur Ross. Commerce Secretary Wilbur Ross told reporters in late July that […]
E Bitcoin Cash Adoption In Commerce Still Bearish And Plunging: Report
According to a recent report by renowned blockchain analytics firm Chainalysis, Bitcoin Cash (BCH) is still crippled unable to make steady moves and break even with global demand for cryptocurrency. As reported by Bloomberg on August 20, 2018, Chainalysis’ research showed that BCH payments had failed to appeal to a larger audience leading to massive […]
