AUD/USD Elliott Wave View: Bullish Above 0.787
AUD/USD Short Term Elliott Wave view suggests that the rally from the 8/15 low is unfolding as a double three Elliott Wave structure. Up from the 8/15 low, Minute wave ((w)) ended at 0.79957 and Minute wave ((x)) ended at 0.7868. Minute wave ((y)) is in progress and the subdivision also unfolds as a double three. Minutte wave […]
ECB Preview: Are Tapering Expectations Overcooked? EUR Strength Presents Risks
Economy & ECB Fuel EUR Rally EUR has been soaring higher over recent months as consistently strong data out of the eurozone, and a more constructive tone from the ECB have encouraged the market view that the ECB will be winding down its QE program sooner rather than later. At their summer meeting, the ECB […]
EUR/USD: 5 Reasons Why Draghi Won’t Likley Talk Down EUR In A Meaningful Way – ANZ
The European Central Bank is about to make its decision and it seems that the euro cannot wait. EUR/USD is advancing towards 1.20. Can it continue higher? Here is their view, courtesy of eFXnews: ANZ FX Strategy Research argues that that there are 5 reasons to be skeptical that President Draghi will address euro strength head-on in […]
ECB Focus For Sure, But Not Only Game In Town
The US dollar is trading broadly lower. The ECB meeting looms large. Many, like ourselves, expected that when Draghi said in July that the asset purchases would be revisited in the fall, took it to mean, after the summer recess, not a legalistic definition of when fall begins. Still, there have been some reports, citing unnamed sources close to the ECB, that have […]
EUR/USD And GBP/USD Forecast – Thursday, Sept. 7
EUR/USD The EUR/USD pair tried to rally during the day on Wednesday but sold-off slightly as we await words from Mario Draghi about the currency itself. I think that the 1.20 level above is massively resistive, but if we can break above the top of the shooting star from last month, I think the market […]
Is Copper Signalling Inflation Or Higher Stock Market Prices
An idealist is one who, on noticing that a rose smells better than a cabbage, concludes that it is also more nourishing. – H. L. Mencken Many pundits associate higher copper prices with inflation. While this is true to a degree, that is the wrong metric to focus on. Higher copper prices are usually associated with […]
Dividend Champion Portfolio September Update
The High Yield Dividend Champion Portfolio is a publicly tracked stock portfolio on Scott’s Investments. Its goal is to capture quality high yield stocks with a history of raising dividends. The screening process for this portfolio starts with the “Dividend Champions” as compiled by DRIP Investing. The list is comprised of stocks that have increased their dividend payout for […]
Another Air Pocket Ahead
The chart below of the S&P 500 shows a drop on Sept 7 to around SPX 2427/28. Fast forward to September 13 (top) then September 18 (bottom) and we see continued choppy market behavior directly ahead. By September 18, I believe we see SPX 2407/08.
Will Real Estate Always Be A Good Investment?
The banking/financial system raises all kinds of worries with zero rates, which are a sort of cancer of money, central banks that do not know how to raise interest rates, banks with terrible balance sheets that are levered to the hilt, coercive and menacing laws (BRRD, Sapin 2, freezing of accounts, as we’ve mentioned the last […]
The Largest Stock Market Bubble In 100 Years
by Erik McCurdy, Prometheus Market Insight Context plays a vital role in the development of reliable market forecasts. Short-term price behavior only has meaning when analyzed in the proper context afforded by the long-term view, so all investing and trading strategies should begin with a thorough understanding of the big picture. The cyclical bull market in […]
