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. […]
Oil Prices Head Lower On U.S. Output Fears
Oil prices were lower on Tuesday afternoon as investors feared that continued increases in U.S. output would negate OPEC’s efforts to buoy oil prices. Brent crude was down 0.32 percent as of 2:44 p.m. HK/SIN to $62.96 per barrel, while U.S. WTI crude futures were down 0.23 percent to $56.63 per barrel. The price reversal comes […]
U.K. Litigation Cases On Defaulted Consumer Debts Soar Beyond 2008 Levels
Last month, S&P warned that UK lenders could incur £30 billion of losses on their consumer lending portfolios consisting of credit cards, personal and auto loans if interest rates and unemployment rose sharply.Much like in the U.S., S&P warned that “loose monetary policy, cheap central bank term funding schemes and benign economic conditions” had fueled an […]
German Economy Sustains Growth In The Third Quarter
German Economy Expands 0.8% in the Third Quarter German economy expanded faster than projected in the third quarter of the year, according to the Federal Statistical Office report released on Tuesday. The economy grew at 0.8 percent pace in the quarter, up from 0.6 percent recorded in the second quarter and slightly below the revised 0.9 percent […]
“Buy The Recession, Millennials Will Keep The Bull Market Alive For Another Decade”
Recession? No problem. It doesn’t matter says Federated Investors portfolio manager Steve Chiavarone. “Ten years from now, when the bull market is still intact, we’ll have the avocado-toast set to thank for it,” says Chiavarone. In a recent interview with CNBC, Chiavarone says there’s at least a decade left in this rally due to a demographic tailwind […]
USD/JPY Daily Analysis – Tuesday, November 14
USD/JPY broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 114.73 is complete. Another rise to test 114.73 resistance would likely be seen in the coming days. A breakout of this level could trigger further bullish movement towards 115.50. Near term support is at 112.95, below this […]
The Commitments Of Traders: Sentiment Synopsis
The Commitments of Traders (COT) reports are nothing other than sentiment indicators, but as far as sentiment indicators go they are among the most useful. In fact, for some markets, including gold, silver, copper and the major currencies, the COT reports are by far the best indicators of sentiment. This is because they reflect how […]
