Weekly Gold Forecast – Monday, October 9
Gold prices rose $7.72 on Friday, recouping earlier losses, and settled at $1276.15 an ounce as traders assessed the likelihood of a December rate hike in the wake of a mixed employment report. Better risk appetite in the marketplace, as well as a strengthening greenback the past four weeks, have been bearish elements for the […]
EUR/USD Falling Wedge At 23.6% Fib Indicates Potential Bullish Reversal
EUR/USD 4 hour The EUR/USD is building a falling wedge chart pattern (blue/orange lines), which could indicate a bullish reversal. A bearish breakout below support (blue) and the 23.6% Fibonacci level of wave 4 (blue) could see price fall towards the 38.2% Fibonacci level near 1.15 whereas a bullish breakout could see price test the […]
Cable Remains Bearish Despite Bounce
The recent euphoria for the British pound driven by hawkish commentary and statements from BOE governor Carney has all but dissipated, and like the proverbial souffle, has virtually collapsed, with the pair now taking on a very bearish tone, and reflected on the currency strength indicator to the left on the daily timeframe. Here we […]
Fed Rate Hike Prospects Focus The S&P 500 In Week 1 Of October 2017
The first week of October 2017 saw the S&P 500 (Index: INX) reach daily new highs each day through Thursday, before slightly dipping by 2.74 points (0.1%) to close the week at 2,549.33. Since we had it set up to cover Week 1 of October 2017, let’s take one last look at our chart showing the […]
Phivida Organics Is Focused On Pure Medical CBD
Over the last two years, we have learned a lot about the medical benefits associated with marijuana. From Israel to the United States, studies focused on these benefits continue to provide positive results. The legal medical cannabis industry continues to expand and this has created new opportunities for investors. Today, we have highlighted a new […]
EUR/USD: ‘Things Dont Matter Until They Do’; Rallies A Sell N-Term – Nordea
EUR/USD has hardly been reacting to political events but this does not mean that things cannot change as we’ve seen with the crisis in Catalonia. Here is the view from Nordea. Here is their view, courtesy of eFXnews: Nordea FX Strategy Research notes that EUR/USD recent price action reflects how things don’t matter until they suddenly start […]
Gold & Gold Stocks Bounce
We look at the internals of the gold stocks which portended to a bounce, the US Dollar and bond yields as well as potential resistance and support targets for Gold. Video length: 00:13:02
Global Equity Breadth Check
In this article we look at a 3 key charts on global equities that utilize market breadth techniques. In this case we are looking at the breadth across country benchmarks i.e. the main stock market benchmark of all countries where decent pricing data was available (70 countries in this case). I talked about how we use breadth […]
Forex Weekly Outlook October 9-13
The US economy lost 33,000 jobs in September due to the Hurricanes. While, this is lower than the 80,000 increase expected by most experts, unemployment rate improved to 4.2 percent, better than the 4.4 percent recorded in August. Meaning the labor market is still creating enough jobs to absorb market slack. Also, sluggish wage growth picked up […]
Why Lose-Lose Almost Always Beats Win-Win
Professional negotiators often wax poetic about win-win outcomes: where both sides cooperate and compromise. In practice, win-win is never a dominant strategy. Lose-lose almost always beats it. Here’s why. Adopting a Dominant Strategy One of our clients asked us to help them define a set of dominant strategies for a new AI system. The goal […]
