AUDUSD Daily Analysis – Thursday, August 24
AUDUSD remains in uptrend from 0.7807, the fall from 0.7962 could be treated as correction of the uptrend. Another rise to test 0.7962 resistance is possible after the correction, and a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. Support levels are at 0.7870 and […]
Why Have Mylan’s (MYL) Shares Lost 19.4% So Far This Year?
Shares of Mylan N.V. (MYL – Free Report) have lost almost 19.4% in the year so far thereby underperforming the 4.5% increase registered by the industry during this period. Here we analyze the factors that led to the underperformance. Mylan, a global pharmaceutical company has a well-established generics business and is known for specialty pharmaceuticals products. We note that Mylan […]
Size Matters With This Trump-Fueled Opportunity
When it comes to the stock market action of the last 12 months, size matters. As you know, fueled by post-election enthusiasm, stocks of all sizes rose in the U.S. as investors bet big on economic growth. But small caps led the pack, by far. In the two-week period following the election, the small-cap benchmark […]
UK Public Borrowing Surplus Just A Flash In The Pan
It is often stated that it is wrong to compare national spending to balancing a household budget, but fundamentally, it should be the same thing. A family unable to balance its costs of living gets drawn ever deeper into debt with the uncertainty and potential for (personal) disaster that that brings. On the national level, […]
BTC/USD Forex Signal – Thursday, August 24
Yesterday’s signals were not triggered as there was no bearish price action at $3934.00. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered until 5pm New York time today. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of $3978.85 or $3600.00. Place […]
Kite Pharma Is Flying High
Kite Pharma has been a bright light in a rather dim biotech sector. Just look at its performance since the gap up in June. It has risen a whopping 80% – even the dog days of summer cannot slow it down. Because this stock has barely had a pullback, it’s been difficult to get on board. […]
UK Revised GDP Q2 Confirmed At 0.3% Q/Q, 1.7% Y/Y – GBP/USD Retreats
The slow growth in the UK is confirmed in the second release: 0.3% q/q, 1.7% y/y. A disappointment was seen in the preliminary measure of investment: 0% against 0.2%. Services met expectations with 0.5%. Mortgage approvals came out at 41.6K, similar to previous levels. GBP/USD is slipping under 1.28, which it struggled to recapture earlier. […]
Making Way For The ‘Whales’ Of Cryptocurrency Markets
Audio Length: 00:40:09 Bobby Cho is a cryptocurrency trader at Cumberland Mining—which is a company of DRW Trading. Ever since getting involved in financial markets, during 2008, Bobby has gravitated towards mostly illiquid/difficult-to-trade products… So, in some ways, it was inevitable that he would begin to explore Bitcoin and other cryptocurrencies. This was around 2013, […]
Brazil’s Big Comeback: EWZ Breaks Out
What a difference three months makes. On May 18th, I wrote “Trading Panic: Rushing Past the Exit from Brazil” to explain why I bought the big dip in iShares MSCI Brazil Capped ETF (EWZ) after Brazilian President Michel Temer was accused of bribery. I greatly under-estimated the upside opportunity at the time, and I find […]
S&P 500 And Nasdaq 100 Forecast – Thursday, August 24
S&P 500 The S&P 500 has fallen a bit during the day on Wednesday but found enough support towards the end of the day to show signs of life again. There is a massive uptrend line just below, so I think that the buyers will return to the market given enough time. There is a […]
