EUR/USD Testing 78.6% Fibonacci Support At 1.1750
EUR/USD 4 hour The EUR/USD bounced at the support trend line (blue) of the larger triangle chart pattern. A break above resistance would confirm a bullish breakout within wave C of wave X (pink). A break below the support trend line (blue) will probably indicate a larger correction within wave 4 (light purple). 1 hour […]
This Secretive Japanese Company Is Driving The Global Boom In Industrial Automation
As we’ve reported in the past, skyrocketing wages in mainland China have caused the adoption of robot workers by the country’s manufacturers to accelerate rapidly in recent years, cementing the country’s position as a world leader in industrial automation. But while that trend has been widely cited and is widely known, particularly as the US plays […]
Abe Is Big In Japan – Can USD/JPY Break Out Of Range?
The election results confirmed the latest polls: Abe is returned to office with a huge, “super majority”. His coalition won 312 seats in the 465-strong lower house. This will allow him to enact his policies in full-swing. He vowed to use the money that will be raised by the rise in the sales tax for […]
Sensex Opens On A Strong Note; Energy & Metal Stocks Rally
Asian stock markets are trading mixed in morning trade. The Nikkei 225 is up by 1% as the dollar spiked to more than three-month highs against the yen following a snap election in Japan. Meanwhile, the Hang Seng and Shanghai Composite are trading in red. US stocks closed higher last week after the Senate took a step toward achieving tax […]
Markets Respond To Abe’s Victory
Japanese Prime Minister Shinzo Abe secured a two-thirds ‘super majority’ on Sunday, claiming 312 out of 465 possible seats. Abe’s victory essentially ensures that his easy-monetary policy (dubbed Abenomics) will continue, a prospect which sent the dollar to a three-month high against the yen. The dollar had started gaining on Friday after the U.S. Senate […]
EC An Increasing Dividend Payout Ratio Is A Positive Indicator For The Market
Admittedly, in an equity market run investors are currently experiencing, i.e., the second longest run without a 20% pullback, a common theme that continues to seep into ones thinking, including mine, is when is the market going to experience a bear market correction of 20% or more. Even a double digit pullback is a scarcity as […]
The Alternative Future Where GE Didn’t Cut Its Dividend
The third week of October 2017 saw the S&P 500 close at a new all time high on each day of the week, which is the first time that’s happened since 1998. In the meantime, the trajectory of the S&P 500 continues to track along the top edge of the range we first forecast back in early September 2017. […]
Will The ECB Send EUR/USD Higher?
The euro is bracing itself for the big event of the week: the decision of the European Central Bank on Thursday. Will Draghi send the common currency higher? Here is their view, courtesy of eFXnews: EUR/USD: ECB To Sow The Seeds For EUR Next Leg Higher – SocGen Societe Generale Cross Asset Strategy Research discusses the […]
FX Week Ahead: ECB To Overshadow The BoC And Riksbank
The week ahead will be marked by central bank meetings that include the BoC, the Swedish Riksbank, and the ECB. The ECB’s meeting will, however, dominate the wires. On the economic front, the US and the UK’s advance GDP reports will be coming out alongside the quarterly inflation data from Australia. Here’s a quick […]
EUR/USD Daily Analysis – Monday, October 23
EUR/USD moved sideways in a trading range between 1.1730 and 1.1879. As long as 1.1730 support holds, the side movement could be treated as consolidation of the uptrend from 1.1669 and one more rise towards 1.2029 resistance is still possible. Near term resistance is at 1.1879, a breakout of this level could signal resumption of […]
