AUDUSD Daily Analysis – October 12, 2017
AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.8124 is underway. A further rally would likely be seen and next target would be at 0.7875. As long as 0.7875 level holds, the downtrend could be expected to resume, and another fall towards the resistance-turned-support trend […]
Walmart Puts Pressure On Amazon
The share buyback by Wal-Mart was a big move but competing with Amazon is a higher priority. Video Length: 00:02:12 Should Wal-Mart have used cash pile to take on Amazon? from CNBC.
ECB Will Give 2018 QE Policy Update On October 26th
This year, the two monetary policy aspects we’ve been focused on the most are President Trump’s decision on who the Fed chair will be and what the ECB will do with the CSPP (corporate sector purchase program) and the PSPP (public sector purchase program). The big decisions are both going to happen in the next […]
GBP/USD ABC Zigzag Arrives At Key Fibonacci Resistance Zone
GBP/USD 4 hour The GBP/USD bullish channel (blue/orange lines) is challenging the Fibonacci levels of wave 4 (orange). A break above the 61.8% Fib makes a wave 4 less likely and could indicate a larger bullish reversal. In that case, an ABC (green) correction has probably occurred. However, a failure to break the resistance zone […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Oct. 12
WTI Crude Oil The WTI Crude Oil market initially fell on Wednesday but found enough support underneath to turn things around and rally. We are now testing the top of the range for the last several sessions, and I think we may go looking towards the $52.50 level next. I think the $50 level underneath […]
Updating Gold’s True Fundamentals
Last week I posted a short piece titled “A silver price-suppression theory gets debunked“, the main purpose of which was to direct readers to a Keith Weiner article disproving that the silver price had been dominated by the “naked” short-selling of futures. My brief post rattled the cage of GATA’s Chris Powell, who made an attempt at a […]
Will The CPI Report Send The Dollar Down?
The US dollar had quite a few good weeks but seems to hesitate after the recent gains. Markets seem to be looking for a new direction. The recent sticks in the wheels of the dollar rally came from the Federal Reserve. Charles Evans of the Chicago Fed went back to his dovish self. Evans, which […]
New Name, New Life: Coach Is Now Called Tapestry
Coach announced that is changing its name to Tapestry. The company now owns three brands: Coach, Stuart Weitzman and Kate Spade. Victor Luis and his team considered that in order to build a house of fashion company, they needed to change the organizational matrix. Creating an umbrella company clearly indicates that the company is now […]
The Safest Dividend In The Market: Apple Inc.
Despite reports that sales of Apple’s (Nasdaq: AAPL) iPhone 8 aren’t the monster that investors were hoping for, the company remains a technology, consumer products and stock market powerhouse. Though it is not known as an income stock, Apple has consistently paid and raised its dividend for the past five years. It has a yield of […]
Sensex Trades In Green; Metal Stocks Lead Gains
After opening the day in green, share markets in India have continued the momentum and are presently trading above the dotted line. Sectoral indices are trading on a positive note, with stocks in the metals sector and stocks in the FMCG sector witnessing maximum buying interest. The BSE Sensex is trading up by 103 points (up 0.3%) and the NSE Nifty is trading up 40 […]
