Category Archive: Finance, No picture
This Week In Cryptocurrency – Friday, August 17
Tough Week for Ethereum Last week, the total cryptocurrency market cap plunged 14.33%, largely as a result of the SEC postponing its decision on a Bitcoin-ETF proposed by CBOE, VanEck, and SolidX. This week, the cryptocurrency market slid another 5.7%, which isn’t as bad when you factor in the steep drop Wednesday, hitting around $189,666,000,000, its lowest market […]
USD/JPY: Risk Aversion Keeps A Bid Behind The Yen, Inflation Data On Deck
JPY STRENGTH HOLDS AS USD/JPY RE-APPROACHES 110.00 Fundamental Forecast for the Yen: Neutral The Japanese Yen continues to hold strength as we move through the middle of August, and this is a theme that’s been rather visible so far throughout 2018. As we came into the year, the prospect of stronger rates of inflation pushing the […]
Extreme FX Sentiment, Oversold RSI Signal Undermines GBP/USD Rebound
BRITISH POUND TALKING POINTS GBP/USD struggles to preserve the rebound from earlier this week as U.K. officials prepare for a no-deal Brexit, and the current environment keeps the downside targets on the radar as the Relative Strength Index (RSI) stubbornly holds in oversold territory. EXTREME FX SENTIMENT, OVERSOLD RSI SIGNAL UNDERMINES GBP/USD REBOUND GBP/USD appears to […]
Is Apple Still A Good Buy At $213/Share?
Earlier this month Apple became the first U.S. publicly traded company to reach 1 trillion dollars in market capitalization. The maker of the popular iPhone devices surprised some investors with its third-quarter earnings report. After the financials were released the company stock rose 4% in after-hours trading because Apple showed its EPS grew by 40% year over […]
Gold And Gold Stocks Buy Or Sell?
A technical analysis of Gold and the Gold mining stocks. Video Length: 00:15:00
Back And Forth All Week
My Swing Trading Approach I didn’t pull the trigger on any new trades yesterday, as I wanted to hold out until today to see whether the market would provide us with the necessary follow through to the upside. I also booked some profits yesterday in one of my trades, as price action faded into the […]
Trump Calls For End To Quarterly Earnings Reporting
Shifting his attention from trade war, military parades, bashing the fake news medial and conducting foreign policy via Twitter, on Friday morning Trump unexpectedly advocated for a proposal suggested previously by several corporate CEOs and most notably BlackRock’s Larry Fink, suggesting an end of quarterly earnings reports, and shifting to a half year convention instead, […]
Sensex Ends 284 Points Up; FMCG & Metal Stocks Top Gainers
Indian share markets settled higher today taking cues from their Asian peers. At the closing bell, BSE Sensex ended up by 284 points, while, NSE Nifty ended up by 86 points. Except for energy stocks, all sectoral indices ended the day in green with metal stocks and FMCG stocks leading the gainers. Globally, Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained […]
Gold’s Initial Lackluster Response To Turkey Likely To Be A Red Herring
Turkey is going through an economic crisis―the lira has dropped to an all-time low, 34% over the week ending August 10. The euro also fell 2% over the week because some of the eurozone’s largest banks are lenders to Turkey, as highlighted by the European Central Bank’s financial watchdog department. Gold traditionally has been seen as a […]
USDCAD Daily Analysis – Friday, August 17
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2961. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3050, only a breakdown below this level could signal completion of the uptrend.
