Category Archive: Finance, No picture
Crypto Bubble Unwind Images: Fast In Altcoins, Slower In Bitcoin
Ripple, the number three cryptocurrency is down 89% from the top, Ethereum 76%, Bitcoin 67%. The cryptocurrency bubble is unwinding rapidly from the bottom up. Bitcoin is holding up the best. Here’s a set of images of the three leading cryptos. I created the charts at approximately 1:00 PM on August 11. Bitcoin the Top […]
Crude Oil Prices Rise Despite Market Turmoil, Gold Stuck In Place
Crude oil prices turned higher Friday after the IEA upgraded demand forecasts for 2018 and 2019 while saying that supply fears have abated. This is after the OPEC-led group of top producers scaled back coordinated output cuts. Traders seemed to interpret the news to mean that pressure to step up shipments further has receded. Meanwhile, gold prices remained stuck in […]
AUDUSD Daily Analysis – Monday, August 13
AUDUSD extended its downside movement from 0.7453 to as low as 0.7270. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could bring the price back to 0.7360 area.
Sensex Opens 240 Points Lower; Metal & PSU Stocks Drag
Asian stock markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.7% while the Hang Seng is down 1.8%. The Nikkei 225 is trading down by 1.6%. US stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets. Back home, India […]
Dividend Watch List August 2018
It is August and summer time but the stock market never sleeps and I also want to show potential buys for the month of August. Although the market was on a constant bull run the last couple of weeks, there are still some buying opportunities to find out there in the market. My main focus […]
Analysis: The Fuzzy Thinking In The Value Vs. Growth Debate
Video length: 00:07:!8 In this video, I will make the case for why you should not separate “value’ from “growth’ in your investment approach. And I welcome you to add your own opinion in the comment section below….
USD/CAD Weekly Analysis – Sunday, August 12
USD/CAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3385. As long as the trend line resistance holds, the bounce from 1.2961 could be treated as consolidation for the downtrend and another fall towards 1.2850 could be expected after the consolidation. Only a clear break above the […]
Forex Forecast: Pairs In Focus – Sunday, August 12
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 […]
Washout: Big And Small Specs Barely Net Positive On Gold As Shorts Pile On
Gold Sentiment is in the Washout Phase The Commitment of Traders (COT) reports come out on Friday. They reflect futures positioning as of the prior Tuesday. Bearish sentiment is now extreme. Speculators are the least-long in gold futures that I can remember. Here is the full chart from CotPriceCharts. Gold Spec Washout Washout […]
EUR/USD Weekly Analysis – Sunday, August 12
EUR/USD broke below 1.1508 support and extended its downside movement from 1.2555 to as low as 1.1388. A further decline is still possible and the next target would be at the 1.1200 area. Resistance levels are at 1.1550 and 1.1851, only break above these levels could signal completion of the downtrend.
