AUDUSD Daily Analysis – Tuesday, Nov. 14
AUDUSD broke below 0.7624 support, indicating that the downtrend from 0.7897 has resumed. Further decline could be expected in the coming days, and next target would be at 0.7500 area. Near-term resistance is at 0.7670, only break above this level could take price back to test 0.7729 resistance. Above this level could trigger further upside […]
Forex Week In Review – Tues. Nov. 14
Last week was a negative affair for the world’s major markets with all but the Nikkei losing ground. In Europe over the course of the week, the FTSE was down on last week’s close by 1.7% at 7433; the DAX ended at 13127, 2.6% down on last week’s close; the CAC was down by 2.5% […]
Namaste Technologies Adds Another Million In Revenue To The Balance Sheet Through Brazilian Acquisition
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Namaste Technologies Inc. (CSE:N)(OTCMKTS:NXTTF) is pleased to announce that it has acquired Brazil’s largest vaporizer retailer, vaptvupt.lojaintegrada.com.br, in consideration of signing an exclusive fulfillment agreement for Namaste’s Brazilian operations.The acquisition of VapeBr is accretive […]
Who’s Been Buying The Dip?
“I wanted to write buy the dip, but the S&P 500 has had such a tiny drop from last week’s record high that a ‘divot’ seemed more appropriate,” Bloomberg’s Andrew Cinko wrote on Monday. Story of our life Andrew, story of our life. There are no “dips”, anymore. There are just sporadic instances of benchmarks not closing green. […]
Sensex Trades On A Volatile Note; Capital Goods Stocks Top Losers
After opening the day flat, Share markets in India witnessed volatile trading activity and are presently trading in the red. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and auto sector witnessing maximum buying interest. Energy stocks and capital goods sector are trading in the red. The BSE Sensex is trading down by 62 points (down 0.2%) and the NSE Nifty is […]
Here Are Factors Influencing Target’s (TGT) Upcoming Q3 Earnings
Target Corp. (TGT – Free Report) is scheduled to release third-quarter fiscal 2017 results on Nov 15. Well, the obvious question that comes to mind is will this operator of general merchandise stores be able to deliver positive earnings surprise in the quarter to be reported. In the trailing four quarters, the company outperformed the Zacks Consensus Estimate […]
CAD/JPY: Correcting The Cycle
CADJPY Elliott Wave view suggests that the decline to 87.78 ended Minor wave X. The pair starts a new rally from there, asas where Minute wave ((w)) ended at 89.8. Minute wave ((x)) pullback is currently in progress to correct the cycle from 10/31 low in 3, 7, or 11 swing before the rally resumes, provided that pivot […]
Expect A High Trading Activity
Yesterday’s trades on the majors were calm. The dollar index (DX) closed the trading session with a slight increase (+0.13%). The GBP/USD currency pair demonstrated the greatest fall. The pound was under pressure due to the political risks growth in the UK. Support for the US dollar was provided by the growth of government bonds […]
Eurozone GDP Remains At 0.6% – EUR/USD Consolidates
After a strong start to the day, the bulk of economic data is somewhat more mixed. Euro-zone GDP was confirmed at 0.6% q/q and 2.5% y/y. The German ZEW Economic Sentiment rose to 18.7 points but this fell short of 20 points expected. Yet the current conditions are up to 88.8, which is above predictions. […]
Lessons From A Trading Great: Ed Thorp
Ed Thorp, the father of quant investing, might be the most impressive market wizard. He turned seemingly random processes into predictable events, transforming the art of speculation into a science decades before Wall Street’s quants became mainstream. His domination in the financial world began in the casino. Thorp figured out how to beat the most “unbeatable” games. […]
