EUR/USD Conquers One Resistance Level At A Time
EUR/USD is trading around 1.1840, just under the 1.1850 resistance line. It had earlier conquered the 1.1780 level and settled there for a while before moving forward. And before that, euro/dollar was struggling with 1.1670 before making the clear break. All in all, EUR/USD is not only making a big move to the upside, but […]
Are Euro Bears Done?
Probably one of the more surprising events from what’s been a rather climactic 2017 has been the strength seen in the Euro-Zone. As we came into the year, the ECB had just extended their QE program, and many shops were calling for parity on EUR/USD. Given that the U.S. Dollar was surging up to fresh 14-year highs […]
CADJPY Short-Term Elliott Wave Analysis
CADJPY short-term Elliott Wave view suggests that Minor wave X ended at 87.78. Up from there, the pair rallies as a double three Elliott Wave structure where Minute wave ((w)) ended at 89.8 and Minute wave ((x)) is in progress. Subdivision of Minute wave ((x)) takes the form of a double three Elliott Wave structure. Decline to 88.96 […]
October Retail Sales: Up 0.2% MoM
The Census Bureau’s Advance Retail Sales Report for October released this morning showed a slight increase over the September figures. Headline sales came in at 0.2% month-over-month to one decimal. Today’s headline number was fractionally above the Investing.com consensus of 0.1%. Core sales (ex Autos) came in at 0.1% MoM. August and September figures were revised. Here […]
Square Rises As Bitcoin Buying Tested On Cash App
Shares of Square (SQ) are on the rise following reports that the company’s Cash app is offering select users the option to buy and sell bitcoin. WHATS NEW: Square is now offering users the option to buy, sell or hold cryptocurrency on its Cash app. “We’re always listening to our customers and we’ve found that […]
E EURUSD Is Unfolding A Five-Wave Rise, While S&P 500 Breaches Lower
EURUSD is moving nicely higher, now seen in the fifth wave of an extended third wave, so be aware of a turn back in wave 4, down to 1.1783-1.1750 support area, where I would look or a new turn up into a wave 5 of 1). EURUSD, 1h E-mini S&P 500 remains bearish here for […]
Billion Dollar Unicorns: Indian Small Town Marketplace ShopClues Looks Shaky
Currently, the Indian e-commerce market is primarily a two-horse race between Flipkart and Amazon, especially in the larger cities. As Internet penetration is getting better across the country, they have started expanding to small towns, which has been the niche of Billion Dollar Unicorn ShopClues. ShopClues’ Journey Gurgaon, India-based ShopClues was founded in 2011 in the Silicon […]
A Shift In Market Sentiment
My Swing Trading Approach I’m not looking to be a hero, in terms of feeling some altruistic need, to buy the dip today. Instead, I’ll raise my stops, take my profits where necessary, and let the market decide the next move. Indicators VIX – Sold of the highs of the day yesterday per the usual, and […]
Americans’ Real Wage Growth Contracts For 3rd Straight Month – First Time Since 2012
For the first time since 2012, real average hourly earnings has declined for 3 straight months… Dragging the year-over-year growth in real earnings down to just 0.4% – the weakest growth since April. Overall, Real average weekly earnings up $1.40 from a year earlier to $370.03. Welcome to the road to serfdom America.
USD/JPY And AUD/USD Forecast – Wednesday, Nov. 15
USD/JPY The US dollar went back and forth during the trading session on Tuesday, as we continue to see a lot of support just below at the 113 handle. The 113 handle is of course a large round number, and an area where we have seen interest in the past. The downtrend line from the […]
