Bullish Hammer On GBP/USD Candles
The euro edged higher on Monday after a short-lived sell-off tied to Italy’s inconclusive weekend election, helped by the creation of a coalition government in Germany that eased political uncertainty there. The two winners of the general election in Italy were the Five Star Movement (M5S), which secured over 30% of the vote, and the […]
USDCAD Daily Analysis – Tuesday, March 6
USDCAD broke above 1.2920 (Dec 19, 2017 high) resistance and extended its upside movement from 1.2450 to as high as 1.3000. Further rise is till possible after a minor consolidation and next target would be at 1.3100 area. The key support is at the bullish trend line on the 4-hour chart, only a clear break […]
Let’s Eliminate The Trade Deficit! Yeah, What If?
Trump says winning a trade war is easy. Really? When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, March 6
S&P 500 The S&P 500 initially fell during trading on Monday, but as we had formed a nice-looking hammer on Friday, it was obvious that the buyers were ready to come back. The pullback offered value the traders were willing to take advantage of, and therefore pushed the market higher by 1%, reaching towards the […]
E Market Briefing For Tuesday, March 6
Tariff threats as a negotiating tactic for a better NAFTA deal was my suspicion of what the President is trying to achieve. Know that finalized aspects are ‘somewhat’ improved with regard to food and dairy; which is a significant component of the trade relationship with Canada. Now that seems to be a ‘done deal’, and […]
The Growth Of Shadow Banking
The Financial Stability Board has just published in 2017 report of the evolution of the Shadow Banking System. The shadow banking system is a relatively new term, its first use is attributed to Paul McCulley of PIMCO in a speech of 2007. Perhaps the most useful definition is that of the Financial Stability Board that […]
Dr. Charles Hall: The Laws Of Nature Trump Economics
Dr. Charles Hall may not be a name you instantly recognize, but it should be. Now a Professor Emeritus of the College of Environmental Science and Forestry, Dr. Hall is a rigorous researcher of energy, oil, biophysical economics — and was a critical early pioneer in developing the key resource metric of Energy Returned On […]
The Wisdom Of The Talking Head
When I read the comments made to anyone’s website articles, I can only conclude that the commenters believe the quoted pundit to be either completely ignorant or really evil. I know from personal experience that I substitute financial Ouija board wisdom for useful analysis. That’s why I stopped reading comments on free mass market websites […]
Metal Stocks In Focus Post Trump’s Tariff Move; India’s Services PMI And Top Stocks In Action Today
Indian share markets ended lower on Monday taking cues from its Asian counterparts. At the closing bell, Sensex lost 300 points and the Nifty declined 99 points. Among sectoral indices, the Nifty Metal index settled over 3% lower led by a fall in shares of Jindal Steel & Power, Jindal Stainless (Hisar) and Steel Authority […]
Hey, Donald: It’s Not Bad Trade Deals—It’s Bad Money
The global trading system’s newly activated one-man wrecking crew was at it over the weekend. Mustering up his best Clint Eastwood impression, Trump invited the Brussels trade bureaucrats to make his day. Retaliate against Harley’s Hogs, Jim Beam’s bourbon and Levi’s Skinny Jeans, proclaimed the Donald, and you folks are going to find yourself neck deep in BMW’s: If the E.U. wants […]
