EUR:USD In Battle To Redefine Resistance As Support
As can be seen from the following monthly chart of the EUR:USD Forex pair, after today’s (April 23) first round of the French Presidential election, price is currently in a battle to regain a foothold above major resistance at 1.09. A break and hold above this level could see a further push to the next major hurdle around 1.15. At the […]
Nasdaq Technicals Net Bullish As Breakout Readies
Things are looking good for the Nasdaq as technicals return net bullish after a brief period of bearishness. This coincided with the index nestled against resistance helped by Friday’s tight intraday action. The index is nicely placed for a breakout on Monday, especially given the relative outperformance of the Nasdaq against its peers. As […]
Is The Bounce Over?
As anticipated, the market was ready for a rally, and SPX obliged with a 32-point bounce which came in three distinct phases and were a display of Fibonacci symmetry. At first, the index retraced .382 of the decline from 2378 before pulling back. The second phase went to .50 before reversing, and finally, the third […]
Here’s Goldman’s Sunday Evening Take On Markets After The French Vote
Were you looking for more coverage on the outcome of the first round of France’s electoral trial by fire? Probably not. But that’s too damn bad, because it’s going to be coming fast and furious over the next 12 or so hours. If you want a quick snapshot of Street reactions and a cautionary bit […]
Preferred Stocks: Performance, Volatility And Risk-Adjusted Returns
Public market investors generally invest in two types of securities: common stocks and bonds. Common stocks represent ownership in the underlying company, accompanied by voting rights for issues of corporate importance. Bonds are debt instruments with a fixed coupon payment and predetermined maturity date. Companies issue bonds when they need to raise capital but do not wish to dilute their […]
EUR/USD At 5-month High Despite Real Results Showing Le Pen Leading
Votes are being counted in France and they show extreme-right candidate Le Pen is leading with over 25%, with Macron behind with 21%. This is the opposite of the exit polls, which put Macron on top. Update After counting 20 million votes, Le Pen still leads but the gap is smaller: 24.4% against Macron with 22.2%. Fillon is third with […]
Euro Bund Market Observations
Let’s start off with some observations for the Euro Bund. Looking at the plain weekly chart, we can identify a break of the one-time-framing higher behavior which occurred for several weeks now. The market took out the previous week’s high and low (I will call it an outside week) with the result of a possible […]
Venezuela On The Verge Of Revolution As Hyperinflated Currency Crashes To New Record Low
Venezuela, a country with only $10 billion left in reserves to run on, is in trouble. As the currency hyperinflates to new record lows against the dollar James Holbrooks points out that the people are starving. The government has gone full-on authoritarian, and now desperate human beings are dying in the streets. From an Associated Press report on Friday: “Authorities in Venezuela say 12 people […]
Beware Of Fake Stock News In The Financial Markets
The US Securities and Exchange Commission (SEC) is taking legal action against 27 individuals and several companies over hundreds of fake “impartial” blog posts that appeared on well-known financial websites. In many cases- about 250 articles- the bloggers were secretly paid to write bullish articles to promote mainly small biotech stocks such as Lion Biopharma […]
Managing The Chaos – Investing Vs. Gambling
How does one invest amid the slew of palm sweating, teeth grinding headlines of Syria, North Korea, Brexit, expanding populism, Trumpcare, French candidate Marine Le Pen and a potential government shutdown? Facing a persistent mountain of worries can seem daunting to many. With so many seemingly uncontrollable factors impacting short-term interest rates, foreign exchange rates, […]
