S&P 500 The S&P 500 initially pulled back on Friday but then broke above the 2600 level. This is a significant move, and breaking to a fresh, new high suggests that the buyers are going to continue to go much higher, perhaps reaching towards the 2650 level next. I think short-term pullbacks continue to be…
We are in that part of the restaurant business cycle where both forward and backwards introspection is needed. The 2015-2017 restaurant results period is among the first time where US restaurant industry trends aren’t following the traditional macroeconomic drivers—employment, disposable income, and GDP are all healthy—but we are not getting our share of spending. There…
Thanksgiving weekend in the United States is a time for Turkey and shopping, and this year, it seems, investors went shopping as well, scooping up bitcoin in record numbers and fueling a surge in the cryptocurrency that extended through the holiday weekend and into Monday. Bitcoin was trading at $9,719.99 as of 2:48 p.m. HK/SIN,…
Video Length: 00:02:09 Bitcoin Reaches All-Time High of $9,600 after Black Friday Weekend: Bitcoin surpassed the $9,000 level to reach an all-time high of $9,600 on the Thanksgiving and Black Friday sale surge in the US. Many online stores including Overstock.com accepted Bitcoin in exchange for their biggest sale of the year, that’s why we think this most…
After opening the trading day in the red, share markets in India continue to trade below the dotted line in the morning trade amid weak Asian markets. Realty sector and capital goods sector are trading on a positive note, with stocks in the metal sector and stocks in the oil & gas sector witnessing maximum selling activity. The BSE Sensex is down by 75 points and the NSE…
Gold prices have struggled to make much of recent US Dollar losses. The flagship anti-fiat asset might have been expected to soar as cooling Fed rate hike bets punish the greenback but has turned in a reserved response instead. A lull in top-tier news flow over the coming 24 hours suggests this is unlikely to change for…
“Average UK wages in 2022 could still be lower than in 2008” UK Office for Budget Responsibility While Western stock markets boom under the influence of central bank money-printing, wages for ordinary people are not doing so well. So it is no wonder that Populism is rising, as voters worry their children will be worse off than…
EUR/USD 4 hour The EUR/USD uptrend is probably part of a wave 5 (purple) within a larger wave 1 (pink). Together with the previous resistance (red), the Fibonacci targets could act as potential resistance for the end of wave 1. 1 hour The EUR/USD is probably building a wave 4 retracement (green) within the uptrend….
Over the last two weeks, the S&P 500 continued its slowly upward trajectory and set new record highs, closing above 2,600 for the first time ever on the Friday following Thanksgiving 2017. From our perspective, investors appear to be closely focused on the distant future quarter of 2018-Q2 in setting current day stock prices. There’s an important…
USDCAD is testing 1.2666 support. A breakdown below this level could signal resumption of the downtrend from 1.2916, then next target would be at 1.2600 area. Below here would aim 1.2433 support. Near-term resistance is at 1.2750, a break above this level could bring the price to test 1.2836 resistance. A breakout of this level…
