Bitcoin Struggles As South Korean Ban Pushes Forward
Bitcoin prices continued to slide on Thursday, after South Korea’s justice minister, Park Sang-ki, announced that the country’s government is moving forward with legislation that would prohibit bitcoin trading on more than a dozen domestic exchanges. At a press conference, Park candidly noted that “There are great concerns regarding virtual currencies and justice ministry is […]
Sonic Healthcare Limited Is In Good Health
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Pound Pressure: 3 More Worrying Indications Weighing On The Economy
The British pound slipped under 1.35 once again. The previous fall was related to mediocre data such as the trade balance, and this drop is also related to worrying signs for the British economy. In between, GBP/USD made a rapid move above 1.35 thanks to the weakness of the dollar. Reports coming out of China said […]
Australian Retail Sales Climb On Iphone Sales In November
Australian retail sales beat expectation in November as the retail sector outperformed the broader market on iPhone sales. According to the Australian Bureau of Statistics, retail sales rose 1.2 percent month-on-month, boosted by the release of iPhone X and Black Friday sales. This was higher than the 0.5 percent recorded in October and better than the 0.4 […]
Draghi’s Headache: 2018 Monetary Policy
In the December ECB meeting, there was no new news. As expected, the MPC left rates unchanged and signaled a continuation of their easing program. As you recall, in the October meeting, the committee announced a plan to continue implementing the asset purchases until September this year. This January, the asset purchases will be reduced […]
Bonds Bounce After China Denies “Fake News” Report; Oil Tags $64
U.S. equity futures are back in the green, while Asian and European stocks are mixed after worries about a U.S.-led trade war put world stocks at risk of their first two day loss of the year on Thursday, while bond markets bounced as China poured cold water on reports that it might stop buying U.S. debt. As poured […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Jan 11
WTI Crude Oil The WTI Crude Oil market went back and forth during the trading session on Wednesday, forming a neutral candle. We have gotten a bit overextended, so it makes sense that we would pull back a little bit. I think at this point, we could go looking for the $62 level underneath, possibly […]
Euro May Fall As ECB Meeting Minutes Cool Bets On QE Cutback
ECB monetary policy meeting minutes headline the economic calendar in European trading hours. Markets are scouring for signs of stimulus withdrawal across the G10 space – as amply demonstrated in the Yen’s reaction to standard fluctuation in BOJ bond uptake – and any commentary suggesting Mario Draghi and company may alter the path of QE purchases faster than […]
Sensex Ends Higher; Infosys & Bharti Airtel Top Gainers
After opening the day on a flat note, Indian share markets ended the day marginally higher. At the closing bell, the BSE Sensex finished higher by 70 points. While, the NSE Nifty finished higher by 23 points. Meanwhile, the S&P BSE Midcap Index ended up by 0.3% while S&P BSE Small Cap Index ended up by 0.4% respectively. Sectoral indices ended the day on a […]
Why Oil Should Be Supported In Weekly Chart
Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture. In the chart below, you can see crude oil futures on the weekly chart. From the 02/08/2016 low, we can clearly see that the market has a potential 5 swing incomplete bullish sequence. It seems like that it is still […]
