EUR/USD And GBP/USD Forecast – Wednesday, Sept. 6
EUR/USD The EUR/USD pair went back and forth during the day on Tuesday, as we continue to try to grind higher. However, the 1.20 level above continues to be major resistance, so I think we are going to continue to see sellers in that general vicinity, but I think in the meantime we will probably […]
North Korea Nuclear Test Poses Little Threat To Indices Rally
Geopolitical tensions intensified after North Korea conducted its sixth and most powerful nuclear test on Sunday, detonating what it said was a hydrogen bomb meant for an intercontinental ballistic missile. The United States warned it could launch a “massive” military response if it or its allies were threatened. Most of the Stock Markets in the […]
EUR/USD Remains Vulnerable To The Downside Below Key Resistance
EUR/USD: With the pair continuing to retain its downside pressure on correction, more weakness is likely despite present price hesitation. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the […]
Cybersecurity Is A Gold Mine For Investors
In July 1865, the famous newspaper editor (and presidential candidate) Horace Greeley popularized the saying “Go West, young man.” Today, the message might be rephrased with a new frontier in mind: Go cyber, young man and woman. Greeley’s message was aimed at the thousands of Civil War veterans who, with the conflict just ended, needed a […]
July Trade Deficit At $43.69B, Better Than Forecast
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a […]
Physical Gold In Vault Is “True Hedge Of Last Resort” – Goldman Sachs
Physical gold is “the true currency of the last resort” – Goldman Sachs “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar” Trump and Washington risk bigger driver of gold than risks such as North Korea Recent events such as N. Korea only explain fraction of […]
USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On Shorts First
Dollar/CAD is trading under 1.24 ahead of the BOC decision. The team at TD sees a big air pocket on the way down. Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that the focus this week for CAD traders shifts from data to policy, with the BoC meeting Wednesday. “We believe […]
E OncoSec Raising Its Profile In Fight Against Cancer
OncoSec Medical (ONCS) is a biotechnology company based out of San Diego, California. It harnesses the body’s own immune system to fight off and kill cancer. The company accomplishes this through its ImmunoPulse IL-12 technology. This type of technology helps the company to boost local delivery and enhance the uptake of DNA based therapeutics. IL-12 […]
US Trade Deficit Rises In July, Beats Estimates As Oil Imports Slide
The US trade deficit widened in July, growing by 0.3% from a downward revised $43.5 billion to $43.7 billion, and beating expectations of $44.7 billion, as exports decreased more than imports. The goods deficit decreased less than $0.1 billion in July to $65.3 billion. The services surplus decreased $0.2 billion in July to $21.6 billion. […]
