Britain’s economic outlook is precarious, a conclusion which was clearly supported by a recent British budget watchdog report. While economic growth sped up a bit in the third quarter of 2017 to 0.4% from 0.3% in the second, nonetheless Britain’s economy is clearly lagging other advanced economies. For example, as of the third quarter of…
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.04%) this morning are up +0.09% at a new record nearest-futures high on signs of sustainability in the U.S. economic recovery as consumers continue to spend after Adobe Systems reported that Black Friday online spending was a record $5.03 billion, up +16.9% y/y. Adobe also estimates that…
Well, if you take your cues from China, it was an inauspicious start to the week. Just one trading day removed from the rather precipitous declines that rocked mainland benchmarks last Thursday, Chinese shares fell again. For those of you keeping score, here’s how this is shaping up: And here’s what that looks like if you…
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the EUR(3X) with the JPY(3X) followed by the GBP(2X). The weaker currencies are the NZD(5X) followed by the AUD(3X) and the CAD(2X). By diversifying a nice combination can be traded in the…
There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply glut. A failure to agree on the market remediation would cause oil prices to plummet immediately, forfeiting any gains that have been made in the…
EUR/USD The EUR/USD pair rallied again on Friday, breaking above the 1.19 level. We now look as if we are ready to go looking towards the 1.21 handle again, which was the recent highs. Pullbacks should be buying opportunities, and I believe that the US dollar continues to get pummeled based upon the U.S. Congress…
Only a decade ago, Chinese companies accounted for barely 1 percent of the world’s largest companies and multinationals. Today, their share has grown by more than tenfold. After mid-November, Alibaba again won the highest ecommerce sales day in history on China’s Singles’ Day beating last year’s record by almost 40 percent – hitting some $25.4…
It is always refreshing to step away from the keyboard for a few days and hit the “reset button,” which is exactly what I did last week. My wife and I took a quick trip to Mexico to get a little sun on our face while we wiggled our toes in the sand. I came back astonished….
Last Thursday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 1.00% per trade. Trades may only be entered before 5pm New York time today. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of $9362.32, $8976.34, or…
Buyers lifted prices in all the major asset classes last week, based on a set of exchange-traded products. The gains mark the first run of uniformly positive weekly results in three months. The leading performer for last week: foreign stock markets in developed nations. Vanguard FTSE Developed Markets (VEA) rose 1.9% in the holiday shortened four trading…
