Category Archive: Finance, No picture
Greece Planning Bad Debt Bailout For Its Banks After Market Crash
It seems like it was just yesterday that Greek banks, which carry some €89BN of bad loans on their balance sheets, passed the ECB’s latest confidence building exercise, known as the “stress test.” In retrospect that may have been premature, because as Bloomberg reports, over 8 years after its first bailout Greece is finally considering […]
ISM Manufacturing Index Nudges Up In September: 3 Fund Picks
The Institute for Supply Management (ISM) stated that its manufacturing index increased for the 113th month on the trot in September. Such an increase was achieved on the back of robust demand. Despite trade war remaining a concern for factories, manufacturing activities improved steadily, indicating that the U.S. economy has remained largely resilient. Under such […]
USD/SGD Testing Key Resistance Ahead Of NFP
Experienced traders call the bond market the “smartest” of all the asset-level markets, and based on the moves we’re seeing in the US bond market, the smart traders have definitely picked up on something this week. Yesterday, Fed Chair Powell noted that the central bank was “a long way” from neutral interest rates and may […]
Four Reasons Why The Dollar Strength Could Last
The US dollar continued to rise after the Fed statement last week. Yesterday, the upward trend continued after Automatic Data Processing (ADP) released the private payrolls for September. The data was upbeat. In the month, the economy created more than 232K jobs which were higher than the expected 187K. Soon afterwards, the Institute of Supply […]
We Should Ditch GDP As A Measure Of Economic Activity
This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as economic growth owes its meagre validity to imprecise definition. An economy does not grow, only the quantity of fiat currency deployed grows. A successful economy progresses our condition, our […]
Will U.S. Non-Farm Payrolls Be A Game Changer?
This is how MyFXspot.com trades now: EUR/USD Trading strategy: Await signal Open: – Target: – Stop-loss: – Recommended size: – Short analysis: While the outlook is quite negative due to daily close below 1.1497, 61.8% of the 1.1301-1.1815 rise, trading near the 30-day lower bolli-band, now at 1.1499, hints that the market is oversold. We […]
Weekly Unemployment Claims: Down 8K
Here is the opening statement from the Department of Labor: In the week ending September 29, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 214,000 to 215,000. The 4-week moving average was 207,000, […]
E Markets: Snaps
If yesterday was about bending, today is about the snap back fear. Rates up, equities down, USD up, commodities down – asset allocation and correlations will be driving investor decisions and the risk-party is looking for the punch bowl of liquidity. The best Services ISM ion record and FOMC Powell led US bond yields sharply higher to break out […]
BTC/USD Forex Signal – Thursday, Oct. 4
Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time, over the next 24-hour period only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of $6,534, […]
Microsoft: The Numbers Look Good
Microsoft (MSFT) is going through a major transformation over the past several years, particularly after Satya Nadella replaced Steve Ballmer as CEO in 2014. Nadella already was running Microsoft’s cloud division before being appointed as CEO, and focusing on the cloud was arguably his most important and effective contribution. This transformation is producing solid results, […]
