Category Archive: Finance, No picture
E Forex Analysis Of GBP/USD For Monday, August 6
First, we look into the previous day trade and what happened on August 3, 2018, and the GBP/USD pair opened at 1.30145 and went high at 1.30378 and gone to low at 1.29850 and finally closed at 1.29965. The calculated pivot point for the day is 1.30064. The difference between high and low was nearly […]
USDCAD Daily Analysis – Monday, August 6
USDCAD extended its downside movement from 1.3289 to as low as 1.2967. Near-term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.2900. Key resistance is at 1.3096, only a break of […]
NZD/USD – Bull Speculation: Correction From The Lower Line Of The 2-2 Channel Looks Likely
Trading opportunities on the currency pair: There’s a familiar pattern on the weekly timeframe, by which we could see the Kiwi dollar start an upwards correction after the RBNZ meeting. If prices reverse along the same trajectory as the previous drop, the immediate target will then be 0.6990. This outcome is still on the cards as […]
E Markets: Two-Sided
Tails I win, heads you lose? Hopes for an easy Monday for risk in perhaps the quietest week for economic news this summer have been dashed with the two-sided coin of FX. Is this USD strength or foreign weakness? The drivers of USD support are the FOMC rate hike path – 4 in 2018, 2-3 more in […]
E Forex Analysis Of EUR/USD For Monday, August 6
First, we look into the previous day trade and what happened on August 3, 2018, and the EUR/USD pair opened at 1.15839 and went high at 1.16074 and gone to low at 1.15627 and finally closed at 1.15658. The calculated pivot point for the day is 1.15786. The difference between high and low was 44 […]
Sensex Ends 136 Points Higher; Banking Stocks Witness Buying
Indian share markets continued to trade in the green during the closing hours of the trading session and ended the day on a positive note. Gains were largely seen in the banking sector and telecom sector. At the closing bell, the BSE Sensex stood higher by 136 points (up 0.4%) and the NSE Nifty closed higher by 26 points (up 0.2%). The BSE Mid […]
BTC/USD Forex Signal – Monday, August 6
Last Thursday’s signals were not triggered, as neither of the key levels were reached that day. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm Tokyo time, during the next 24-hour period today. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next […]
Nutrisystem Rallies After Legion Partners Sees Path To $90 Share Price
Legion Partners Asset Management late Thursday disclosed a 5.22% stake in Nutrisystem (NTRI), representing over 1.5M shares. The filing allows for activism. Legion believes the current market price of the shares does not reflect Legion’s intrinsic value. In the firm’s view, one of the key areas that does not appear to be well understood or […]
Tesla’s Cobalt Blues; Spin, Fake News Or Deception?
“Spin” is a form of propaganda that relies on a biased interpretation of fact to influence opinion. “Fake News” is a more dishonest form of propaganda that relies on a combination of fact and falsehood to influence opinion. “Deception” is an even more dishonest form of propaganda that principally relies on falsehood to influence opinion. Depending […]
Forex Market Driven By US Inflation & Trade Tension
With US-China Trade tension continuing to escalate, short USD/JPY? China said that it would impose levy tariffs on about $60b US goods as soon as the US enacts measures The focus for the coming week will be the ongoing trade-war escalations and the impact of the recent tariff measures on producer and consumer prices. Last week, Trump […]
