EURUSD: Downwards-Trend Continues
Previous: On Wednesday the 10th of January, trading on the euro closed slightly up after Bloomberg landed a blow on the dollar during the European session. The news agency reported that China is planning to reduce or stop its purchases of US government bonds. The dollar dropped as bond yields rose due to the fact that […]
Gold Prices Touch 4-Month High On Rumor China Souring On US Debt
Gold prices edged up as the US Dollar fell after officials from Chinawere said to be viewing Treasury bonds as less attractive in unsourced reports. Beijing has since denied the story and the yellow metal slumped back into familiar territory, but not before touching the highest level in four months. Crude oil prices drifted sideways, unimpressed by the weekly set of EIA inventory flow […]
Stocks To Trade: BG, BPL, AMT
Thursday’s stock picks: Long Bunge Ltd (BG) Long Buckeye Partners (BPL) Short American Tower (AMT)
USDCAD Daily Analysis – Thursday, Jan 11
USDCAD broke above 1.2555 resistance, indicating that the downtrend from 1.2920 had completed at 1.2355 already. Further rally would likely be seen after a minor consolidation and next target would be at 1.2650 area. Support levels are at 1.2480 and 1.2420, only break below these levels could bring price back towards 1.2355.
S&P 500 And Nasdaq 100 Forecast – Thursday, Jan 11
S&P 500 The S&P 500 has fallen during most of the trading session on Wednesday, but we did get back some of the losses towards the end of the day, and I am more impressed by that than anything else, mainly because it is the Americans that picked the market back up. The resulting hammer […]
Is EUR/USD Still Stuck Around 1.20: To 1.10 Or 1.30?
EUR/USD remains at the 1.20 crossroads after jumping higher, falling and recovering. Where next for the world’s most popular currency pair? Here are two opposing opinions: Here is their view, courtesy of eFXnews: EUR/USD: Looking For USD To Stage A ‘Sizable’ Move Higher In The Near-Term – BofAML Bank of America Merrill Lynch FX Strategy Research […]
Now That Is Counter-Trend
I suspect many of you heard what happened to Kodak recently. I actually didn’t even realize there were still public, but they are, and their stock has been steadily sinking for years. Earlier this week, however, they announced KodakCoin, and voila, the stock QUADRUPLED instantly! Let’s just say I think the only people who are going […]
Productivity: A Question Of Focus, Health, Politics And Money
Last week, I asked, “What would make 2018 more productive for you? Please email me the first thing that comes to your mind.” Before I summarize the responses, a big thank you to the 800+ people who sent me personalized responses. Someone pointed out that asking the question itself already helped because it motivated her […]
Time To Go Long Asset Managers?
Institutional investors tend to avoid cyclical businesses due to their unpredictable nature. Trying to predict when the cycle will turn is almost impossible, which results in volatility, the opposite of what investors like to see. However, Whitney George of Sprott Asset Management is not put off by these qualities. In fact, George prefers cyclical businesses for bargain […]
Great Time To Expand Business
Since the 2016 elections NFIB surveys of Small Business Optimism have soared, generating the most dramatic jump in expectations on record. With Corporate Tax cut stimulus effects still ahead and restrained capital spending data, it appears there is room for growing euphoria in 2018. Advisor Perspectives does a great job presenting financial data, but a look inside this […]
