Coloplast A/S Is Good To Go
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Will China’s Move To Cease Buying U.S. Debt Trigger An S&P Correction?
Could news that China is set to halt (or at least “slow”) their purchases of U.S. Treasurys be just the excuse people need to do a bit of profit taking in overbought equities? It’s certainly possible. The weekly RSI for the S&P is the most overbought since 1959: And this is among the longest stretches without a […]
USD/JPY Triple Bottom Pattern Consolidation Breakout
As the BoJ commences a slow process of tapering, this, in theory, has pushed traders into buying JPY. In addition, this has the side-effect of selling risky assets, and we saw Equities pullback from recent highs in alignment with rising JPY demand. Whilst US data has been mixed, with Consumer Credit rising, but lower JOLTS […]
Treasurys Tumble, Futures Slide On Report China “To Slow Or Halt” Treasury Purchases
The treasuries complex has sold off aggressively across the curve after the following flashing red Bloomberg headline: – CHINA OFFICIALS ARE SAID TO VIEW TREASURIES AS LESS ATTRACTIVE. – CHINA OFFICIALS SAID TO RECOMMEND SLOWING OR HALTING TSY BUYING As Bloomberg reports, “Officials reviewing China’s FX holdings have recommended slowing or halting purchases of US Treasuries, […]
Picture This Blockchain: Eastman “Cryptocurrency” Kodak
Kodak (KODK) proudly displays the news of its entry into the world of blockchains and cryptocurrencies. Source: KODAKOne “The KODAKOne image rights management platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. KODAKCoin allows participating photographers to take […]
Yen Short Squeeze Extended
Sparked by fears that the BOJ took a step toward the monetary exit by reducing the amount of long-term bonds it is buying, there is an apparent scramble to cover previously sold yen positions. Th dollar finished last week near JPY113.00. It fell to about JPY112.35 yesterday, near the 50% retracement of the greenback’s bounce from […]
GBP/USD Slips Under 1.35 Amid More Mediocre Data, Rising US Yields
Pound/dollar remains under pressure and it is now trading under the round number of 1.35. At current levels, this is a drop of around 50 pips on the day. The low so far is 1.3489. The latest trigger came from the mediocre data released in Britain, but worries about Brexit push Sterling down. In addition, […]
Bitcoin Fans Should Be Patient
Bitcoin is in a corrective phase according to my Elliott Wave analysis. Price is expected to move lower towards 10-8k area before resuming higher. Traders should be patient and look for bullish reversal and setups at those levels and not sooner. So far price follows the wave scenario we showed in previous posts.
Bitcoin Forecast – Wednesday, Jan 10
BTC/USD Bitcoin fell during most of the trading session against the US dollar on Tuesday, but found the $14,000 level to be supportive enough to make the market turn around and bounce towards $15,000 above. The resulting candle is a hammer, and it looks likely that we could see buyers jump into the market if […]
