AUD/USD Narrow Range Possibly Targeting Weekly Support
AUD/USD has been moving in a very narrow range. The ATR for last 14 days is 48 pips and it suggest slow moving price. If the price managed to stay below 0.7645 that is the ATR projected high and W H3 camarilla, bears would have an upper hand. At this point we might see a […]
Three Reasons Why Micron Technology, Inc. Can Go Even Higher
Micron Technology, Inc. (Nasdaq:MU) stock has already exploded after two years of poor performance. On a one-year basis, the stock has moved from just $12 to the current price of just over $30. Not surprisingly, given the rapid gain, some investors are nervous that the stock is moving into overvalued territory and that there is […]
Currencies And Jobs Report Analysis
In this week’s video, we take a look at the most important event of last week, which had a notable impact on the markets, and somewhat changed the market sentiment toward the US. The US Jobs Report came in with mixed outcomes, the new jobs created came in higher than expected, but the rest of […]
Sensex Rises Over 245 Points; Divi’s Lab Surges 7% As USFDA Lifts Import Alert
After opening the day on a positive note, the share markets in India continued to witness buying interest tracking global markets. Barring FMCG stocks, all sectoral indices are trading in green, with stocks in the information technology sector & PSU sector leading the gains. The BSE Sensex is trading higher by 245 points (up 0.8%) while the NSE Nifty is trading higher by 57 points (up […]
The S&P 500 In A Slightly Lower Trend
After making a new closing high at 2453.46 on June 19 the S&P 500 Index began trending lower back toward the 50-day moving average where it rebounded enough after the nonfarm payroll report to speculate that support at the 50-day moving average held once again. Since the second quarter ended and earnings reporting will start […]
Invest1000: How To Pick Stocks With $1000
INVEST1000 is officially underway. Lester got things started by sharing his thoughts on how he plans to invest his $1,000 fund. After the intro was published, I received a few thoughts from people wondering whether technicals will work. As it’s not my money, and I don’t plan to tell Lester what to do, we will have […]
USD/CHF Forex Signal – Monday, July 10
Last Thursday’s signals were not triggered as there was no bullish price action at 0.9617. Today’s USD/CHF Signals Risk 0.50% per trade. Trades may only be entered between 8am and 5pm London time today. Short Trade 1 Short entry after bearish price action on the H1 time frame following the next touch of 0.9678. Put the […]
Fundamental Sentiment And Clues From The Bond Market
The latest weekly equity (and bonds) sentiment poll I take on Twitter has produced some interesting results this week. I have done this poll each week for about a year now, and have collected the results in an excel sheet and thus am able to produce some charts and insights based on the emerging historical patterns and […]
EUR/USD Hugging 1.14 – Break Up Or Break Down?
EUR/USD started the new week in the same place it ended the previous one, around 1.14 and not going anywhere fast. What’s next? Here are a few opinions: Here is their view, courtesy of eFXnews: EUR/USD: Monitoring ECB Reaction On A Move Above 1.15; Looking For A S/T Correction – Nordea Nordea FX Strategy Research […]
WTI Crude Oil And Natural Gas Forecast – Monday, July 10
WTI Crude Oil The WTI Crude Oil market fell significantly during the day on Friday, as the US dollar strengthened a bit, but quite frankly continuation of bearish pressure is something that can be expected looking at the charts anyway. After all, the Russians have said that they are not going to cut further or […]
