EUR/USD: Trend Line Broken Through On The Hourly Timeframe
Previous: On Monday, trading on the euro closed slightly down and within Friday’s range (intraday bar). My expectations for Monday came off in full. In the first half of the day, the NFP report continued to provide support for the dollar. Given that the economic calendar was empty, euro bulls were easily able to induce […]
BoC: To Hike Or Not To Hike?
On one hand, a rate hike in Canada is priced in. On the other hand, there is no 100% consensus among analysts that the BOC will indeed pull the trigger. Here are two opinions: Here is their view, courtesy of eFXnews: CAD: BoC Hike In The Price; Investors May Sell On Fact – Citi Citi […]
“… A Recession Has Always Followed”: Is This The Real Reason The Fed Is Suddenly Panicking?
“Why is the Fed so desperate to raise rates and tighten financial conditions? Why has the Fed shifted from a dovish to a hawkish bias?” That is the question on every trader’s, analyst’s and economist’s mind in the past month. Is it because the Fed is suddenly worried it has inflated another massive equity bubble […]
E USD/JPY Seeking More Strength
USD/JPY is in a nice recovery since mid-June when the market turned up from 108.80 after a completion of a bigger three wave fall. That said as we can see bulls took charge and can now be unfolding a bigger impulsive structure. We see first waves one and two completed, which means recovery up from […]
WD-40 Company Q3 Sales & Earnings Results Reflect New Record Highs
WD-40 Company (Nasdaq: WDFC), the San Diego, California based manufacturer and global marketing organization – in more than 176 countries and territories worldwide – of multi-purpose maintenance products manufacturer under the WD-40 and 3-in-One brands, today reported financial results for its third fiscal quarter (Q3) ended May 31, 2017 as follows: Total net sales: UP 2% […]
Will Top ETF Areas Of 1H Carry Momentum In 2H?
It’s been over one week since we have entered the second half of 2017. Markets have so far been edgy in the latter half of the year with the S&P 500-based ETF (SPY – Free Report) adding about 0.2%, Dow Jones-based fund (DIA – Free Report) gaining about 0.4% and Nasdaq-based ETF (QQQ – Free Report) going down by about 0.2% […]
USD/JPY At The Highest In 4 Months – Riding Uptrend Support
Dollar/yen finally breaks the cycle high of 114.37, trading at a new high of 114.46. Is this move for real? It is still awaiting confirmation. In any case, the pair extends its rise along the steep uptrend support line. The next high is 115.35, which was the high level in March. Beyond that point, 116 […]
US Dollar May Rise As Pound Drops On Fed, BOE Commentary
The New Zealand Dollar underperformed in overnight trade, falling against all of its G10 FX counterparts. The move lower tracked a drop in local front-end bond yields, hinting that a dovish shift in RBNZ policy expectations was the culprit behind the selloff. Soft card spending numbers seem too flimsy of a catalyst for the move however, making […]
Public Safety Employee Retirement Plan Withdrawal At Age 50
For certain types of workers, specifically someone employed as a public safety employee, there is a special exception to the normal distribution rules. For a public safety employee, retirement plan withdrawal can begin without penalty as early as age 50, rather than age 55 or 59½. Public Safety Employee The list of public safety employees includes government […]
Above The 40 – A Big Tech Sucking Sound On The Eve Of Amazon Prime Day
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 11.1 (flat) (volatility index)Short-term Trading Call: neutral Commentary Tech was back today sucking energy out of other parts of the stock market. The Nasdaq increased 0.4%, and the PowerShares QQQ ETF (QQQ) increased […]
