Category Archive: Finance, No picture
EUR/USD Weekly Analysis – Sunday, August 5
EUR/USD continued its sideways movement in a trading range between 1.1508 and 1.1851, and is now facing 1.1508 support. A breakthrough this level could trigger further downside movement towards 1.1400. Key resistance is at 1.1851, only a break above this level could signal completion of the downtrend from 1.2555.
Pump And Dump Cryptos: 175 Fraudulent Schemes On 121 Different Coins This Year
‘Pump groups’ fuel millions in trading activity, with price rises followed by quick falls. If you are messing with cyptos in general, but especially the newer coin offerings, you are playing with coins rife with fraud. The Wall Street Journal reports Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Other Millions. Dozens of trading […]
Forex Forecast: Pairs In Focus – Sunday, August 5
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Emerging Markets: Preview Of The Week Of August 6
EM FX has come under pressure again due to ongoing trade tensions and rising US rates but saw some modest relief Friday after the PBOC announcement on FX forwards. This helped EM FX stabilize, but we do not think the negative fundamental backdrop has changed. Best performers last week were MXN, PHP, and PEN while the worst […]
Models’ Update: Sunday, August 5
Here’s what my various trading models are saying about the U.S. stock market right now. The Medium-Long Term Model states that you should be long stocks right now. We are not in a “big correction” or “bear market”. This is still a “big rally in a bull market”. The next “big correction” or “bear market” is at […]
Upcoming Earnings To Watch: DIS, FOXA, SNAP
The week of July 30 was another busy one during second-quarter earnings season. Apple AAPL blew investors away on its way to its historic $1 trillion market cap, while Tesla TSLA continued its polarizing ways. All of the FANG stocks have now reported, but the week of August 6 is full of big names as well. Apple’s quarterly earnings […]
USD/CAD Weekly Analysis – Sunday, August 5
USD/CAD’s downside movement from 1.3385 extended to as low as 1.2967. A further decline is still possible in a couple of weeks and the next target would be at bottom support trend line of the rising price channel on the daily chart. Resistance is at the bearish trend line, only a clear break above the […]
