EUR/USD Bearish Fibs And Waves Before FOMC Rate Decision
EUR/USD 4 hour The Federal Reserve (Fed) will release its interest rate decision on Wednesday evening 6pm GMT. The major question is whether the FOMC (Federal Open Market Committee) will keep the rate at 0.75% or raise it to 1.0% which would typically lead to USD strength. The FOMC also offer its economic projections and […]
USD/JPY And AUD/USD Forecast – Wednesday, March 15
Video Length – 00:01:17 USD/JPY The USD/JPY pair initially tried to rally on Tuesday, breaking above the 115 level. The fact that we found quite a bit of resistance above there and turned around is not much of a surprise me, because the 115 level has been so resistive. Having said that, the FOMC Statement […]
Daily Trading Opportunities – Wednesday, Mar. 15
During the session on Wednesday, we get a handful of announcements that could move the marketplace, including Claimant Count Change out of the United Kingdom, PPI out of Switzerland and CPI out of France, as well as many other mid-level announcements. WTI Crude Oil The WTI Crude Oil market is in a bit of a […]
Never Ending Pi
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 44 = 20,837 SPX – 8 = 2365 NAS – 18 = 5865 RUT – 7 = 1362 10Y – .02 = 2.59% OIL – .45 – 47.95 GOLD – 5.10 1199.60 The Federal Reserve Federal Open Market Committee is meeting today and […]
Stock Chart Of The Day: Valeant Pharmaceuticals
In today’s video we will do some technical analysis of the stock charts of Valeant Pharmaceuticals (VRX). In the short term the technicals are to the upside with the catalyst being that Bill Ackman of Pershing Square Capital having sold his shares of Valeant. Long Term the charts are very bearish and will be cut […]
PayPal’s Stock Dips After Google Announces Money Transfer Feature
PayPal’s (PYPL – Free Report) stock closed the day down 1.5% on Tuesday to $42.10 after Google announced in a blog post that users would now be able to send and receive money in their Gmail app. Alphabet’s (GOOGL – Free Report) Google said that users would be able to receive and request money as an email attachment through their Gmail App on Android. […]
E Biotech Pulse! Sector Has Momentum
Biotechnology continues to be a sector on the rebound after a punishing 2016. In the first two months of this year, the Nasdaq Biotechnology Index (IBB) has already climbed +12%, compared to the S&P (SPY) gain of +6% and the Nasdaq (QQQ) rise of +8%. The Prudent Biotech Portfolio also moved higher with a gain of […]
Dow Jones News: Markets Fall As March FOMC Meeting Starts
In Dow Jones news today, the Dow slid again as investors prepare for another interest rate hike from the U.S. Federal Reserve. Winter weather also played a role in pulling down transportation stocks as blizzard conditions on the East Coast stifle economic activity. Let’s look at the numbers from Tuesday for the Dow, S&P 500, and Nasdaq: Dow Jones: 20,837.37; […]
Time To Get Back Into Gold Stocks
Gold stocks have been on their not-untypical first-quarter ride, rallying 33% from the mid-December lows before giving back most of that move. The decline in mining circles is known as the “PDAC curse,” since it occurs right before the world’s largest mining conference in Toronto. This year’s show, which attracted over 24,000 attendees, up a […]
CBO Rates Ryancare
In this article, I will review the latest charts which show the speculative craze the stock market is in. Then, I will update you on the latest information on the GOP’s healthcare plan. On Tuesday, the NFIB will release its latest survey on business optimism; it has been the poster child for the positive survey data. […]
