Metals On The Rise
Last time I posted an analysis for Gold and Silver I said that I was bullish looking for higher levels. My daily analysis on Gold through my partnership with InstaForex can be found here. I’ve been bullish Gold since early July when prices entered the 1220-1200$ price range. I was expecting a bounce at least towards $1,260 while […]
Friday, July 21 – Lookback
Event: China Gross Domestic Product (Q2) Date: Monday 17 July 2017 at 02:00 GMT Markets affected: CNY /USD Trending hashtags: #cny, #gdp China’s GDP came in 1% better than expectations as the world’s second largest economy continued to outpace forecasts for the last 18 months. China’s economy grew 6.9% for Q2 hitting Beijing’s target of […]
Chart: Fintech Is In The Eye Of The Beholder
INANCE PROFESSIONALS HAVE VERY DIFFERENT PERSPECTIVES The Chart of the Week is a weekly Visual Capitalist feature on Fridays. The development of new technology in the financial sector is happening at a breakneck speed. Between the emergence of the blockchain, AI, robo-advisors, regtech, payment and loan services, and many other examples of technological progress, there are many ideas […]
NZ Dollar Revels In Fading Fed Rate Hike Bets As Aussie Sinks
The Australian Dollar plunged after RBA Deputy Governor Guy Debelle poured cold water on hopes for a more hawkish policy stance. The central bank said it believes the so-called “neutral” policy rate – a setting that is neither loose nor tight – is now above 3 percent. That makes the current official cash rate of 1.5 percent decidedly […]
Sensex Trades Marginally Higher; IT Stocks Witness Buying
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the IT sector and energy sector witnessing maximum buying interest. Telecom stocks are trading in the red. The BSE Sensex is trading up 122 points (up 0.4%) and the NSE Nifty is trading up 35 points (up 0.4%). The BSE Mid Cap index is trading up by 0.3%, […]
EUR/USD Continues Bullish Trend After Bouncing At 1.15
EUR/USD 4 hour The EUR/USD continued the uptrend yesterday after bouncing in the 1.15 support zone. Price reached the 161.8% Fibonacci target at 1.1650 and could continue to higher Fib targets when considering the strength of yesterday’s daily candle close near the high. 1 hour The EUR/USD showed strong bullish momentum after breaking above the […]
Ethereum Rebounded From 20-Week Moving Average
Being supported by the 20-week moving average, ETHUSD rebounded strongly from 135, and broke above the bearish trend line from the June 12 high of 415 to the June 29 high of 315 at 196 on the 4-hour chart, and reached as high as 256, suggesting that the bearish movement from 415 had completed at […]
Stocks Watchlist: VOYA, MTSI, CPE
Today’s stock picks Long Macom Technology (MTSI) Long Voya Financial (VOYA) Short Callon Petroleum (CPE)
What Are The Best Housing Market Indicators
The health of the US economy can be easily gauged by how much and how frequently individuals and families are spending to fulfill the most basic of needs: housing. There are tons of reports out there on the housing market, but how do you know which ones have the most impact on the market? I have […]
AUD/USD Corrects And Falls On New RBA Dovishness
The RBA giveth, the RBA taketh away. At first, the statement by the Reserve Bank of Australia lacked any hawkish tones and weighed on the A$. Then came the meeting minutes that discussed a potential interest rate of 3.5% in the future and AUD/USD made a big breakout. And now come two officials at the Australian central […]
