EUR/GBP is moving higher, now out of a downward channel which suggests that a new rally is in progress that can take us back to the area of a former wave four where a new reversal can be seen later this week. Short-term structure is bullish, but it can be only a temporary bounce within…
WTI Crude Oil The WTI Crude Oil market fell during most of the session on Tuesday, but found enough support off of the previous uptrend line and more importantly the $50 level, we turned around to form a hammer. I think today will be crucial when it comes to the WTI Crude Oil market, as…
There is not a best scientific approach to investing that works 100% of the time, but there are some measurement techniques that are pretty darn close. One of these techniques was first introduced to me when I worked as a stock trader and was highly exposed to technical analysis. Our investment team had a meeting with…
Today will probably continue in yesterday’s quiet mode ahead of the ECB meeting tomorrow. Notably, the markets are pricing in a rate hike in 2018 with an 80% probability. The USD gained yesterday against majors. Today’s main event is the Bank of Canada Rate Decision. Currencies: Although mostly stable, the dollar managed to stage a slight…
The Indian share markets continue to trade flat with positive bias during the noon trading session ahead of the Reserve Bank’s policy review meet. Sectoral indices are trading on a mixed note with auto, PSU, oil & gas stocks leading the pack of gainers. Whereas, healthcare and information technology stocks heading the losers. The BSE Sensex is trading higher by 95 points while the NSE Nifty is trading…
Asian shares edged higher on Wednesday as markets continued to recover from the jolt sent earlier this week when Italian Prime Minister Matteo Renzi announced his resignation. The MSCI’s broadest index hit two-month highs, showing a rise of 3.4 percent from its November low. Asian shares rose on the coattails of Tuesday’s gains in which…
Yes, it’s true. Middle East net oil exports are less than they were 40 years ago. How could this be? Just yesterday, Zerohedge released a news story stating that OPEC oil production reached a new record high of 34.19 million barrels per day. To the typical working-class stiff, driving a huge four-wheel drive truck pulling a…
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on…
Premium bonds may be a good investment choice for retirees looking to increase their income. Consider premium bonds In today’s low interest rate environment, if you park your money in bank deposits or money markets, the interest you receive generally will not be enough to pay your bills. Even leaving a million dollars in Certificates…
I recorded a conversation I had last week with my friend Brent Johnson who is the CIO at Santiago capital, a fund dedicated to investing in gold and gold equities. Brent is one of my “go-to” guys in this particular market. While I chat regularly with Brent, I had previously recorded a call with him…
