Category Archive: Finance, No picture
Inflation Beginning To Show Up In Oil Market
After reading about the trade war all summer, now the world is actually feeling the impact. As the price of oil and the cost of goods continues to rise… Video Length: 00:03:54
How To Keep The Philippine Economic Future On Track
The Philippines is on the right path, if the government can continue to balance between strong growth amid international uncertainty, while pushing reforms that raise living standards. Inflation and foreign investment tell the story. According to the just-released report by the International Monetary Fund (IMF), Philippine real GDP grew by 6.7% in 2017 and by […]
Two Press Conferences That Could Affect Gold Prices
Over the last few days, the two most important people in the world held press conferences. What did they say and how can these remarks affect the gold market? Powell Faces Difficult Questions On Wednesday, Powell held a press conference. We have already analyzed the latest FOMC statement and the dot-plot, but there was not enough room to discuss Powell’s answers to […]
USDCAD Daily Analysis – Tuesday, Oct. 2
USDCAD extended its downside movement from 1.3081 to as low as 1.2782. Further decline is still possible after a minor consolidation and next target would be at 1.2700 area. Resistance is at 1.2870, only a break of this level could bring the price back into 1.3000 zone.
EUR/USD At 6-week Lows, Struggling With Italy
The EUR/USD is trading at the lowest levels since August 21st. Concerns about Italy and further strengthening of the US Dollar push the pair lower. The charts point to oversold conditions for the pair. The EUR/USD dipped under 1.1530, a level that supported it in September and is trading at levels last seen in August. It is […]
BTC/USD Forex Signal – Tuesday, Oct. 2
Last Thursday’s signals were not triggered, as there was no bearish price action at $6,569 or $6,643. 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 […]
AUDUSD Daily Analysis – Tuesday, Oct. 2
AUDUSD remains in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 0.7202 support could take the price to 0.7150 area. Resistance is at 0.7250, as long as this level holds, the downtrend will continue.
Crude Oil Prices Soar As Iran Exports Plunge, API Inventory Data Due
Crude oil prices surged after Bloomberg reported tanker tracking data showing exports from Iran fell to a 2.5-year low at 1.72 million barrels in September. This is before the looming re-imposition of US sanctions, which follows the Trump administration’s decision to withdraw from a nuclear disarmament accord with Tehran agreed to by former President Barack Obama. Gold prices marked time […]
China’s Industrial Dollar
In December 2006, just weeks before the outbreak of “unforeseen” crisis, then-Federal Reserve Chairman Ben Bernanke discussed the breathtaking advance of China’s economy. He was in Beijing for a monetary conference, and the unofficial theme of his speech, as I read it, was “you can do better.” While economic gains were substantial, he said, they were […]
Gold Prices Outlook For 2019: List Of Bullish Big Banks Gets Bigger
Bank of America Expects Gold Prices to Soar to $1,350 in 2019 In the past few years, it seemed as if the whole world was bearish on gold. The yellow precious metal was called a pet rock, a useless asset, and other such names. Here’s the thing: we are seeing that sentiment change. Big banks […]
