EUR/USD Signal Update Yesterday’s signals were not triggered as the bullish price action occurred below 1.1213. Today’s EUR/USD Signals Risk 0.75% Trades must be entered before 5pm London time today. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1162. * Put…
The FTSE 100 (FXCM: UK100) is lower by 1.69% at the time of writing. All sectors are lower with the exception of Basic Materials which is up by 0.51%. The biggest loser is Technology (-4.20%), followed by the Financial sector (-2.88%). Technical Outlook The FTSE 100 is short term oversold as the index trades below today’s support…
Gold prices hit their highest level since May 22 during today’s Asian session as investors scaled back expectations for more U.S. rate increases after Federal Reserve Chair Janet Yellen stressed that the policy was not on a pre-set course and they would respond appropriately to developments in international conditions and their impact on the economy….
JetBlue announced the launch of JetBlue Technology Ventures, a wholly owned subsidiary that will invest in, incubate and partner with early stage startups at the intersection of technology, travel and hospitality. As the first corporate venture capital subsidiary in Silicon Valley backed by a U.S. airline, JetBlue Technology Ventures will operate from the GSVlabs campus…
Yesterday morning, when musing on the day’s key event namely Yellen’s congressional testimony, we dismissed the most recent bout of European bank euphoria which we said “will be brief if not validated by concrete actions, because while central banks have the luxury of jawboning, commercial banks are actually burning through funds – rapidly at that –…
Alphabet Inc. (GOOG) has hogged the headlines in recent weeks as one of the top tech companies in the world. And the earnings reports certainly give credence to this perception: Google has performed remarkably well while Apple Inc. (AAPL) has floundered. Before we get into the mechanics of call options or put options, it…
The jury may well still be out on anthropogenic climate change, but anthropogenic economic climate change seems to be beyond doubt – however, it makes the atmosphere decidedly chillier. 2016 dawned with a pessimistic hangover that has heralded a Bear market on fears of a Chinese economic stall and the dreaded unicorn of falling oil…
Canadians Divided on TPP: How Will the Liberals Respond? In October of last year Canada joined 11 other Pacific Rim nations in agreeing to the Trans-Pacific Partnership (TPP), a proposed trade deal that would cover a wide spectrum of economic policies concerning intellectual property, labour, environmental law and state-investor dispute settlement. While Canada’s newly elected…
Fed Chair Janet Yellen yesterday said that the recent weakness in financial markets may be a warning sign for the US economy. “Financial conditions in the United States have recently become less supportive of growth,” she advised in testimony before the House Financial Services Committee on Wednesday. “These developments, if they prove persistent, could weigh on the…
The continued sell-off in global equities is the main driver of the capital markets. It, along with the push lower in oil prices, are pushing core bond yields sharply lower. The US 10-year yield is nearing 160 bp having begun the year above 225 bp. The 10-year gilt yield is at a new record low of 130 bp.It began the year…
