Greeks Go On Strike To Be Allowed To Strike
According to the market, the situation in Greece has staged a tremendous recovery. So much so, in fact, that Greek 2Y bonds are now trading inside US 2Y Treasurys. Yes, according to the market, Greece is now a safer credit than the US. And yet, a quick peek inside the actual Greek economy, reveals that nothing has […]
EURUSD: Price Approaching The U3 Line
Previous: On Wednesday the 10th of January, the euro jumped after a report from Bloomberg that China was preparing to either reduce or stop its purchases of US government bonds. The Chinese regulator, however, dismissed these rumours. On Thursday the 11th of January, the euro jumped again after the minutes of the ECB’s latest meeting on monetary […]
Bitcoin, Ripple, Ethereum, Neo, Litecoin: Price Analysis
The past few weeks have been a wild ride for cryptocurrency. While the market has always been rather volatile, we’ve seen big movements for Bitcoin, Ethereum, Neo, Ripple, and Litecoin. Let’s take a look at how these major currencies are performing. Image source: YouTube Video Screenshot Bitcoin As the biggest cryptocurrency around and by far the most recognizable, bitcoin […]
Ways To Avoid The Early Withdrawal Penalty On IRAs
Life happens and occasionally we run into really tight situations with our money. Generally, we open retirement accounts with the intention of never touching that money again until it’s time to withdraw it for post-retirement expenses…but sometimes that’s not always the case. On top of paying income taxes on early distributions from retirement accounts, there […]
Crude Oil Prices Succumb To Profit-Taking, Gold Eyes US Data
Cycle-sensitive crude oil prices reveled in a broadly risk environment, with the US-based WTI contract tracking S&P 500 futures higher for much of the day. The advance fizzled however after the international Brent crude benchmark touched the psychologically significant $70/barrel figure for the first time since December 2014. That seemed to trigger profit-taking, bringing prices broadly lower. Gold prices advanced, […]
China Exports Rise 10.9% In December
The quantities of goods exported from the world’s second-largest economy China rose 10.9 percent in December, lower than the 12.3 percent recorded in November but better than the 9.1 percent forecast by economists. According to the report released by customs administration on Friday, imports grew slower than expected in the month, expanding by 4.5 percent year-on-year […]
EUR/USD Forms A Perfect Cup And Handle Pattern: Next Target 1.2100
In 2017, the dollar fell against many currencies. Against the Euro, the dollar fell by a whopping 8%. This fall was attributed to a strengthening the Euro and investors worry about Trump’s policies on trade. The Bull Run ended on September when the pair reached the 1.2094 level. It then started going down, eventually reaching […]
S&P 500 And Nasdaq 100 Forecast – Friday, Jan 12
S&P 500 The S&P 500 continues to rally, as the Thursday session was bullish yet again. We broke above the top of the hammer from the Wednesday session, and more importantly in my estimation: the top of the shooting star from Tuesday. We have made a fresh, new high, and it looks as if the […]
Crypto Mining Stresses Electrical Grid In One Washington State County
Mining digital currencies requires so much electrical power that it has stressed the capacity of one Washington county CNBC reports Cryptocurrency Mining Puts Electrical Grid of Small Washington State County ‘to the Test’. “Our infrastructure is actually being put to the test. We’re full,” Ron Cridlebaugh, the Port of Douglas County economic development manager, told CNBC’s […]
Sensex Opens Firm; Metal Stocks Gain
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.05% while the Hang Seng is up 0.49%. The Shanghai Composite is trading up by 0.04%. Meanwhile, The Dow Jones industrial average rose to an all-time high on Thursday as investors bet economic growth would pick up steam. Back home, India share markets opened the […]
