GBP/USD Progressive Trend Towards 1.3310
The GBP/USD has been making a progressive trend move towards 1.3310. However, there is still resistance out there that needs to be taken away. The pair has formed W bullish pattern and the POC zone is wider today due to Friday’s price action and confluence tools. 1.3195-1.3225 is the POC zone (W, Order block, ATR […]
Markets: Helter Skelter
Well, it’s a new day, and nothing has changed. My two points of proof are waking up to an inbox packed with idiotic spam: ……and seeing equity markets, down hard yesterday night, are green, by government decree: The driving force behind this, of course, was zaniness in the EUR/USD and DAX thanks to Germany’s Merkel […]
GBPUSD Consolidates But With Bull Risk
GBPUSD pair may have hesitated the past week, but remains slightly biased to the upside. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Conversely, resistance stands […]
Nigerian Economy Consolidates Growth In Q3; Expands 1.4%
Nigeria, Africa’s largest economy consolidated second-quarter recovery following the surge in global oil prices. The economy grew by 1.4 percent in the third quarter, according to the National Bureau of Statistics report released on Monday. This was higher than the revised 0.72 percent recorded in the second quarter and slightly below 1.5 percent growth projected by most […]
Turkish Lira, Bonds Crash As ‘Secret Gold Trade’ Trial Begins, Implicates Leaders
For the first time in history, Turkish 10Y bond yields topped 13% this morning and the currency just plunged to a new record low against the dollar as the trial of the gold-trader at the center of the “secret gold trade” with Iran begins today and looks set to implicate Turkish leadership as we warned. For full background on […]
Oil Up-Cycle
Oil traders have amassed a record long position in oil as global demand rises and supply of distillate stocks remain tight. Money managers increased their net longs by 28,297 contracts to 409,963 or equivalent of nearly 410 million barrels of oil, according to Reuters. This comes as U.S. shale producers hold off on adding oil […]
2 Of 3 Investing Methods Will Leave You Short
On a daily basis, there is a litany of articles and advertisements encouraging you to invest your savings with the promise of future wealth and retirement security. But which is right? First, let’s clear up a misconception. You are NOT an investor. You are a SAVER. You go to work every day, work hard for the […]
Let’s Leave The World Economy Death Spiral
Capitalism requires capital. The process of industrialization is partly one of technological advance, but it is also one of increasing capital use in the economy. But when the return to capital is forced below zero, as in the last decade, the capital base shrinks, the economy misbehaves and productivity declines, in spite of technological wizardry. […]
EVIO Labs Looks To Capitalize On Increasing Demand For Lab Testing
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Demand for legal marijuana continues to increase as new markets open and existing markets expand. This trend is just getting started and has created countless opportunities for ancillary businesses. As the marijuana industry […]
Uncertainty Along Record Highs, Will Stocks Continue Higher?
Briefly: Intraday trade: Our Friday’s intraday trading outlook was neutral. It proved partly wrong because the S&P 500 index lost 0.3%, following slightly lower opening of the trading session. The market retraced some of its Thursday’s move up on Friday. We still can see negative technical divergences along with medium-term overbought conditions. Therefore, intraday short […]
