GBPUSD Ended Wave (4) Correction
GBPUSD short-term Elliott Wave view suggests that the pair ended Intermediate wave (2) at 1.33 on 16 December 2017. Up from there, Intermediate wave (3) rally is unfolding as 5 waves impulse Elliott Wave structure where Minor wave 1 ended at 1.3613, Minor wave 2 ended at 1.3456, Minor wave 3 ended at 1.3943, Minor wave 4 ended at […]
Trump-Inspired Dollar Short Squeeze Fades Quickly
It was dramatic. Following the BOJ and ECB’s rather mild rebuke of dollar’s depreciation, US President Trump cautioned that his Treasury Secretary comments were taken out of context, and in ant event, he, the President ultimately favored a strong dollar. The dollar, which had continued fall after Draghi’s post-ECB meeting comments, shot higher in the US […]
Everything You Need To Know About Investing In Bank Owned Homes
Investing in bank owned homes has become synonymous with today’s greatest real estate strategies. Otherwise known as REO (real estate owned) properties, bank owned properties are just that: homes that are currently “on the books” of banks or traditional lending institutions. It is worth noting, however, that most banks would rather not hold on to any properties […]
Trump Helps The Dollar For Now
Trump Helps the Dollar for Now. Thursday was a dramatic day for the dollar. During the day, the currency dropped to the lowest level in three months against all the main currencies. Then, later in the day, Trump had an interview with CNBC where he appeared to walk back Steve Mnuchin’s support of a weaker […]
Theresa May: We’re “Very Seriously” Considering Action On Bitcoin
After the first round of Brexit talks coming to an unexpectedly smooth conclusion, Theresa May entered the new year grappling with members of her own party – notably Boris Johnson, her own foreign secretary – over a brewing crisis at the NHS. So, in what we imagine was a badly needed getaway, May seized the opportunity for […]
UK GDP Beats With 0.5% Q/Q – GBP/USD Remains Bid
The British economy grew by 0.5% in the last quarter of 2017, better than 0.4% that was expected. Year over year, and in this case for the entirety of 2017, the economy expanded by 1.5% against 1.5% that was projected. This is the first release out of three. GBP/USD was already on the up ahead of […]
WTI Crude Oil And Natural Gas Forecast – Friday, Jan. 26
WTI Crude Oil The WTI Crude Oil market has initially rallied during the trading session on Thursday but turned around to form a bit of a shooting star. The $63 level underneath should be supportive, as it was an area that has been noisy recently. I believe that the market will continue to go higher, […]
What Is Next After Bullish EUR/USD Reaches 1.25?
EUR/USD 4 hour The EUR/USD bullish breakout has reached the main target at 1.25 as mentioned in our analysis throughout the week. Price bounced at the round 1.25 level and trend line (orange) but the bearish price action could be just a pullback within a larger wave 3 (pink). 1 hour The EUR/USD already bounced […]
EUR/USD Rate To Stay Bid On Lackluster U.S. 4Q GDP Report
The advance 4Q U.S. Gross Domestic Product (GDP) report may generate headwinds for the greenback as the update is expected to show a small slowdown in the growth rate. Keep in mind, the Atlanta Fed’s GDPNow model still forecasts a 3.4% rate of growth even as ‘the forecast of fourth-quarter real residential investment growth decreased […]
How Much You Could Have Made Following Amazon’s IPO?
Sorry to be a downer on a Friday, but you’re sure to cry after you read this…but not if you’re a long-time investor in Amazon (AMZN). The power of revolutionary companies is truly remarkable, and one ought to have a enough foresight to see where these unique companies can go in the future. I’m just […]
