Category Archive: Finance, No picture
Oil Price Outlook Mired By Ongoing Oversold RSI Signal
CRUDE OIL TALKING POINTS Crude remains under pressure as the United States grants waivers on the Iran sanctions in an effort to curb energy prices, and oil remains vulnerable ahead of the weekend as the Relative Strength Index (RSI) stubbornly sits in oversold territory for the first time since 2017. OIL PRICE OUTLOOK MIRED BY ONGOING OVERSOLD RSI SIGNAL […]
Prices When Gold Is Money
We are getting ahead of ourselves here. Gold does not circulate as money – yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what for millennia has been the people’s money, gold. Do we even wish it? Given what […]
What To Expect As The Fed Meets Today
Today, the Federal Reserve will release its monetary policy statement for the month. This is a highly anticipated release although no major announcement is expected to be made. The Fed will likely leave interest rates unchanged. Traders will, however, pay close attention to the accompanying statement that will give an indication of the December decision. […]
Market Internals Continue To Tell Us A Worrisome Story
Mike Larson, Editor of the Safe Money Report shares his thoughts on the US markets and how money has been shifting to safer investments. The election results are not going to change this trend which is why Mike thinks we could be in this topping pattern for a while. We also discuss the strategy for […]
Both Parties Won. And Gold?
US mid-term elections are behind us. Surprisingly, both parties won! How is it possible? Let’s read our article and find out! We will also explain what the election results imply for the world and the gold market. Democrats Win The elections were very interesting. We provide you with the key takeaways, focusing on the possible […]
Weekly Unemployment Claims – Thursday, Nov. 8
Here is the opening statement from the Department of Labor: In the week ending November 3, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 1,000 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 213,750, […]
AUD/USD Long In Good Shape, Profit Taken On GBP/USD Trade
When the Fed does raise its target rate by another 25bp, most probably in December, it will most likely lift the interest on excess reserves by less than 25bp in order to push the effective fed funds rate back to the middle of the target band; the same approach it used in June. There is […]
BTC/USD Forex Signal – Thursday, Nov. 8
Yesterday’s signals were not triggered, as the low was just slightly off the support level identified at $6,440. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm Tokyo time today, over the next 24-hour period. Long Trades Go long after a bullish price action reversal on the H1 time frame following […]
Post-Election Economic Forecast: Political Gridlock Will Be Good For Business
The economy will do well with government control divided between Democrats and Republicans. I didn’t always believe this, but a decade ago I was persuaded by the late economist William A. Niskanen. “Our federal government may work better (well, less badly) when at least one house of Congress is controlled by the opposing party,” he […]
USDCAD Daily Analysis – Thursday, Nov. 8
USDCAD continued its sideways movement in a trading range between 1.3048 and 1.3169. The sideways move is likely consolidation for the uptrend from 1.2782. As long as 1.3048 support holds, the upside movement could be expected to resume and a breakout of 1.3169 resistance could take the price to 1.3250 area. Only a breakdown below […]
