Distillate Dreams
The Energy Information Administration (EIA) reported a more supportive snapshot of petroleum supply and demand that the American Petroleum Institute (API) reported, and while the report was not as bullish as pre-API report expectations from a seasonal standpoint it was supportive. The EIA reported that total commercial petroleum stocks increased 2.75MB and while that might […]
EUR/USD And GBP/USD Forecast – Thursday, Nov. 16
EUR/USD The EUR/USD pair rally during the day, reaching as high as the 1.1875 region. We pull back from there, to form a shooting star for the day. That shooting star is a very negative sign, and it looks likely that we are going to pull back from there. I also believe that the 1.17 […]
Real M0 Money Supply’s Annual Trend Is Positive For Third Month
The Federal Reserve is widely expected to raise interest rates again at next month’s FOMC meeting. Using the futures market for Fed funds as a guide, another round of tightening is a virtual certainty. The ongoing rebound in the inflation-adjusted monetary base, however, suggests that there’s still room for debate. The Fed’s narrowest gauge of money […]
Bullish Expectations Following Yesterday’s Decline, New Uptrend Or Just Bounce?
Briefly: Intraday trade: Our Wednesday’s intraday trading outlook was bearish. It proved accurate because the S&P 500 index lost 0.6%, following lower opening of the trading session. The market fell the lowest since late October, before bouncing off support level. The index almost reached our intraday profit target level of 2,555 (daily low at 2,557.45). […]
BTC/USD Forex Signal – Thursday, Nov. 16
Yesterday’s signals were not triggered, as there was insufficiently bearish price action at $6951.34. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken from 8am London time until 5pm New York time today. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of […]
Australia’s Unemployment Improves Further; Falls To More Than 4-Year Low
The number of unemployed people in Australia dropped to more than four-year low in October, the Australian Bureau of Statistics said on Thursday. The seasonally-adjusted jobless rate for the month of October declined to 5.4 percent from 5.5 percent in September. This was the lowest unemployment rate since February 2013. A disappointing net 3,700 jobs were […]
Art Market Send Important Signal To Stocks Yesterday?
Activity in the art/collectible markets yesterday caught my attention. A once-lost portrait of Christ by the iconic Renaissance man Leonardo da Vinci sold Wednesday at auction for $450 million, roughly triple its anticipated price and the most ever paid for a creative work of human genius. Bloomberg reported that the largest known fancy intense pink diamond went unsold […]
Canadians Paying Dearly For Their Housing
Another housing study has come to familiar conclusions: Canada boasts the least affordable housing in North America. With a median family income of just under $65,000 a year, it would take 7.5 years for a family to pay off the median-priced home valued at 485K. That’s if they were able to live on air and direct ever […]
UK Unemployment And Numbers Employed Both Fall
You could be forgiven for thinking that if the number of people who are employed declines then the number of unemployed people must have risen (unless they all retired, or died, of course). However, the UK has managed the feat of achieving lower numbers of people in and out of work without (as far as […]
E USD Index Is Still Looking Lower Within A Bearish Impulse
Good day traders! Hope everybody is doing great. Today’s focus is on USD Index, its 4h and mid-term view. USD Index has turned down sharply this week and formed a decisive break out of a corrective channel which is an important indication of a completed A)-B)-C) advance from September low. We see that as wave […]
