EUR/USD is on the move. After hesitating and making baby steps above the former resistance line of 1.1445, the pair finally takes a bigger step. Euro/dollar is well above 1.15 and has set a high at 1.1538. The main driver of the pair is Trumpcare. The failure of Senate Republicans to pass a bill to…
Entering new shorts or liquidating longs in the rectangle area. Source: Investing.com
Top 5 Things to Know Before You Start Trading This Tuesday the market has mixed currency movements amidst higher gold prices and upcoming data from the UK. 1 – EUR Off Session Highs The euro is off session highs which took it back to the $1.1530 mark in Asian trade, a level it last touched briefly in May 2016 and…
While in London recently at an exchange with British Academy President Lord Nicholas Stern, Federal Reserve Chair Janet Yellen really let the cat out of the bag. She told Stern that banks are now “very much stronger,” with another financial crisis like the one in 2008 unlikely to happen anytime soon, and not likely “in…
Crude oil prices fell amid reports that compliance with the OPEC-led production cut accord fell to 92 percent in June from 110 percent in the prior month. That was compounded by the EIA saying US shale output will hit 5.58 barrels per day in August, an all-time high, as well as news of an increase in output from Libya….
Short term DXY (USD Index) Elliott Wave view suggests the decline from the 6/20 peak (97.87) is unfolding as a Zigzag Elliott Wave structure. Down from 97.87 high, a decline to 95.47 ended Minor wave A, and a bounce to 96.51 high ended Minor wave B. Wave C is unfolding as an Elliott wave Impulse structure with extension where Minute…
News of the defection of two more Republican Senators doomed the Senate attempt to replace and repeal America’s national health care. The failure to replace the system dubbed Obamacare, despite the Republican majority in both legislative chambers and the executive branch raises questions about the broader strategy of the Administration and raises serious questions about the rest of its legislative…
Price rises are taking a break in the UK. Maybe the recent hawkishness of the BOE could be unwound. Headline inflation slows down to 2.6% y/y, significantly lower than expected. Month over month, it is flat against 0.2% predicted. GBP/USD falls all the way to 1.3020. From the highs of the day, this is a fall of…
Video length: 00:03:26 Only about 250 companies are reporting this week, but many of the biggest names on The Street are among them including technology giants, big health insurers and one element of FANG. It’s not easy beating earnings every quarter for years. It takes a mastery of both the business and of Wall Street….
Many investors pigeon-hole themselves as “inflationists” or “deflationists”, where an inflationist is someone who expects more inflation over the years ahead and a deflationist is someone who expects deflation. I am grudgingly in the inflation camp, because the overall case for more inflation is strong. I use the word “grudgingly” in the above sentence for…
