Category Archive: Finance, No picture
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, […]
USDCAD Daily Analysis – Thursday, Oct. 4
USDCAD’s bounce from 1.2782 extended to as high as 1.2884. However, the bounce is likely consolidation for the downtrend from 1.3081. Another fall is possible after the consolidation and a breakdown below 1.2782 support could trigger further downside movement to 1.2700 area. Resistance is at 1.2930, only a breakout of this level could signal completion […]
Top 5 Charts Of The Week – Thursday, Oct. 4
This week we look at the following charts and themes: US vs the World (PMI divergences – how long can the US do its own thing?) Taiwan and China (the slowdown on the Mainland is mirrored in Taiwan) US treasuries and bond market volatility (at a clear turning point) US 30 year bond yields (breaking […]
3 Reasons For USD Strength That Weighs Heavily On EUR/USD
The EUR/USD is trading below 1.1500, consolidating the falls. The US Dollar is propelled higher by three factors related to each other. The technical picture is bearish for the pair, with the “death cross” looming. The EUR/USD is trading below 1.1500, the lowest levels in six weeks. The pair fell sharply on Wednesday on US Dollar strength […]
