Category Archive: Finance, No picture
Is Tunisia The Next Emerging Market To Implode?
Seems like every few days a newly developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign currency debt” seemed like a good thing. Next up: Tunisia, apparently. From today’s Wall Street Journal: Nation That Sparked Arab Spring Finds Itself a Springboard for Illegal Migration AL ATAYA, […]
BTC/USD Forex Signal – Wednesday, August 29
Yesterday’s signals were not triggered, as the price never reached any of the key support or resistance levels. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken between 8am London time and 5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 […]
Crude Oil Prices Eye Inventory Data, Gold May Fall On US GDP
Commodity prices continued to reflect swings in the US Dollar on Tuesday. Unlike the prior two sessions however, this meant weakness as the Conference Board published impressively strong consumer confidence data that sent the benchmark currency upward. Gold prices suffered as the greenback’s gains undermined the appeal of anti-fiat alternatives epitomized by the yellow metal. Meanwhile, crude oil prices succumbed […]
AUDUSD Daily Analysis – Wednesday August 29
AUDUSD is facing 0.7381 resistance, a break of this level could trigger a further bullish move to 0.7450 area. Near-term support is at 0.7290, only a breakdown below this level could bring the price back towards 0.7202 support.
Indian Indices Open Marginally Higher; Metal Stocks Witness Buying
Asian shares are trading on a mixed note today. The Nikkei 225 is up 0.5% while the Hang Seng is up 0.2%. On the other hand, the Shanghai Composite is trading down by 0.35%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 71 points (up 0.2%) while the NSE Nifty is trading up by 13 points (up […]
Scalping Tips, Backtesting & Options Plays
Video Length: 00:43:45 Today, we take a look at some scalping tips for when the market opens Wednesday, and discuss some brief thoughts on backtesting. Then we go deep into an options play on Skechers (SKX) while we do some early preparation for October earnings.
10 Startups To Watch In 2018
“Because they are the job creators and innovators of the future.” is why Richard Branson, the founder of Virgin Group, invests in startup businesses. Learning about investment trends and the economic and financial climate is a good stepping stone towards making a good investment. And what makes a startup development business a worthwhile investment are the passion, determination, and drive […]
USD/CHF: Crowded Longs Scrambling To Abandon Ship?
A full six weeks ago, we highlighted how the combination of a bearish candlestick formation and a clear divergence in the RSI indicator suggested that USD/CHF could be topping (see “USD/CHF: Potential bearish reversal forming at 14-month highs” for more). While its certainly taken longer than expected, USD/CHF has indeed drifted lower since that fateful day, with […]
Gold Rebound Fizzles As US Consumer Confidence Unexpectedly Improves
GOLD TALKING POINTS The recent rebound in gold appears to be losing steam following an unexpected uptick in the U.S. Consumer Confidence survey, but recent price action warns of a larger recovery as the precious metal initiates a fresh series of higher highs & lows. GOLD REBOUND FIZZLES AS U.S. CONSUMER CONFIDENCE UNEXPECTEDLY IMPROVES Gold pulls back […]
Downside Not Upside Global Risk
The UST yield curve continues to flatten (as it does elsewhere). All sorts of mainstream articles have been published lately about it. Many of them often refer to academic pieces ostensibly trying assuage all fears about the yield curve’s threatening inversion. Fret not the distortion, they say. And they are right. As I constantly remind people, […]
