USDCAD moved sideways in a trading range between 1.2433 and 1.2598 and is now facing the key support level at 1.2433. A breakdown below this level will indicate that the uptrend had completed at 1.2598 already, then the pair will find next support level at 1.2300, followed by 1.2061. On the upside, a breakout of…
Back in June, I covered one of the most requested stocks in this column, Prospect Capital Corp. (Nasdaq: PSEC). At the time, the stock received an F rating for dividend safety because of a history of dividend cuts and falling net investment income (NII), a measure of cash flow used by business development companies. Two months later,…
Merchandise export was slow for the past three years. In 6M17, Asia ex Japan booked a very high growth at 40% YoY vs the World of 9.5%. Things are going well in Asia, though a strong slow down in the west could hurt the economy.
S&P 500 The S&P 500 rallied during the day on Wednesday, reaching towards the 2560 level. We still have plenty of support below at the 2550 handle, and it’s likely that the markets continue to find buyers in that general vicinity. Stock markets are very bullish, and in the middle of earnings season, we are…
There are few things more important to today’s investors than a real estate flipping business plan. In fact, outside of your network, access to funding and education, you could argue that a real estate flipping business plan is next in line. If for nothing else, a well-crafted plan will indicate the most efficient and best way to proceed…
Here’s a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation. The theme this week is The Rot Within. The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The prime “proof” of rising prosperity is…
I’ve been keeping a close eye on precious metal stocks. They’re coiling in a tight pattern and look set for an explosive move in one direction or another. Below is XAU the gold and silver index on a weekly basis. Here a quick rundown on how I think about precious metals. Like Ray Dalio has said, “Over…
Previous: On Wednesday the 18th of October, trading on the euro/dollar pair closed up. After hitting a new weekly low, the price mounted a recovery to 1.1817 that extended into the Asian session. I can’t see any fundamental factors that would have caused the euro’s 87-pip rally. I reckon the price underwent a correction on the…
Australian unemployment rate improved to 5.5 percent in September, according to the Australian Bureau of Statistics report released on Thursday. The number of employed persons rose by 19,800 in September when compared with the preceding month. Full-time employment climbed by 6,100, while the number of part-time employees rose by 13,700. The participation rate, including people…
GBP/USD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance is at the support-turned-resistance trend line on the 4-hour chart now at around 1.3235. Only a clear break above…
