EUR/USD Bullish Rally After 1st Round Of French Elections
EUR/USD 4 hour The French voters choose novice centrist Macron and far right candidate Le Pen during the first round of the Presidential election in France, which took place on Sunday 23 April. None of the candidates reached the 50% threshold and hence a second round will occur with the two candidates on Sunday 7 […]
Is It Time To Be Bullish On The Dollar?
Is it time to be bullish on the Dollar. One thing is for sure….The Dollar is now at a HUGE support level that could decide longer-term trend. USDX The 98.80-99 level is very important to support. A strong upward reversal at least towards 100.80 could start from current levels. EURUSD As I pointed out a […]
E Why Now Is The Perfect Time To Buy U.S. Stocks?
Right now is one of the best times to buy stocks in years. The past few years have not been conducive to stock market gains. 2014 saw world economies get rocked by crashing oil and commodity prices. 2015 saw emerging markets (namely China) experience rapidly declining economic growth. 2016 saw political uncertainties. But now, the long-term picture is […]
Crise: “Enjoy The Party Markets, But Beware The Hangover”
The second round of the French elections is set. It’s Macron vs. Le Pen in what’s generally considered to be a market-friendly outcome. The idea is that there’s simply no way Le Pen can come out ahead. And although we can probably take some solace in the fact that this makes two times in a row […]
To Frexit Or Not To Frexit
This was also a holiday-shorted week. As we write this, the big news comes from the election in France. The leading candidate is a banker named Emmanuel Macron, with about 24% of the vote in a 4-candidate race. The anti-euro Marine Le Pen came in second with just over 21%. From the sharp rally in the euro, […]
Long-Term Price Targets Are Meaningless
Many commentators like to speculate on where the dollar-denominated gold price is ultimately headed. Some claim that it is destined to reach $3,000/oz, others claim that it won’t top until it hits at least $5,000/oz, and some even forecast an eventual rise to as high as $50,000/oz. All of these forecasts are meaningless. Long-term dollar-denominated […]
Watch-List Stocks To Trade
Le Pen and that left wing nut didn’t take first and second, so the futures are liking the notion a centrist is likely to win the second round (Macron), as if this is some kind of bracketology, a la March Madness. Nonetheless, I booked some profits in my long positions on Friday with UPRO and […]
Forex Week In Review – Monday, April 24
Last week was a mixed affair for the world’s major markets as investors cogitated a surprise UK election and the ramifications of the French presidential election. In Europe over the course of the week, the FTSE was down on last week’s close by 2.9% at 7114.6; the Dax ended at 12049, down by 0.5% on […]
USD/CAD Elliott Wave View: Ending 5 Wave Impulse
Short term Elliott wave view in USDCAD suggests that the cycle from 4/13 low (1.3218) is unfolding as an impulsive Elliott wave structure. This 5 wave move could be wave ((a)) of an Elliott wave zigzag structure or wave ((c)) of a FLAT correction. In either case, after 5 wave move ends, the pair should pull back in 3 waves […]
German IFO Business Climate Beats With 112.9 – EUR/USD Ticks Higher
Business confidence is rising in Germany: 112.9 in the IFO Business Climate. The Expectations component is a bit lower with 105.2. Is this due to the fear of the French elections ahead of the vote? The survey was held before yesterday’s vote. In any case, the current situation is positive with 121.1 points. There were also some […]
