Audio Length: 01:06:37 Rick Lane is the current CEO of Trading Technologies—a software provider that develop high-performance trading platforms which are used by; proprietary traders, hedge funds, CTAs, brokers and banks etc. The reason why I asked Rick to appear on this episode is because, as we know, not everyone is cut out to be…
EUR/USD 4 hour EUR/USD retraced back to and bounced at the 1.1750 support level. Price then broke above the resistance trend line (dotted red) and therefore could be extending the wave 3 (pink). 1 hour The EUR/USD bounced at the 50% Fibonacci level of wave 4 (purple). There could be a wave 5 (purple) continuation…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Another drilling company, Geodrill (OTCMKTS: GDLLF), released very good 3Q 2017 figures. To remind my readers, Geodrill is a mineral drilling company operating in Western Africa only (Ghana, Burkina Faso etc.). In 3Q 2017…
Jerome Powell nominated to lead the Federal Reserve for the next five-year term FOMC vacancies exposes more inclination to the hawkish side FOMC doves, Kashkari and Evans expected to make way for hawks, John Williams and Loretta Mester Markets complacent about rate hikes in 2018 Lack of inflationary pressures and subdued wage growth keeps the…
S&P 500 The S&P 500 rallied significantly during the trading session on Thursday but give back some of the gains late in the day. While this is a very bullish move, I believe that we are still a bit overextended. With the massive resistance at the 2600 level above, I hesitate to start buying at…
Previous: On Thursday the 16th of November, trading on the euro/dollar pair closed down. The rate twice approached the zone of 1.1757 – 1.1759, but failed to break through. News from the US didn’t do sellers any good either. The US House of Representatives yesterday passed a tax reform bill proposed by the Trump administration. Markets…
Friday’s stock picks: Long General Cable (BGC) Long Starbucks (SBUX) Short Microsoft (MSFT)
USDCAD is facing the support of the rising trend line on the 4-hour chart. A clear break below the trend line support could take price to next support level at 1.2666. Below this level could trigger further downside movement towards 1.2570, followed by 1.2433. On the upside, as long as the trend line support holds,…
Crude oil and gold prices found little impetus for trend development over the past 24 hours, languishing within familiar congestion ranges. Top-tier scheduled event risk is notably absent through the week-end, hinting that sentiment trends may emerge as the central driver of performance. FTSE 100 and S&P 500 futures are pointing lower, before London and New York come online, hinting at…
The Australian dollar slipped a bit lower amid a not-so-great jobs report. What’s next? Here is the view from Nomura: Here is their view, courtesy of eFXnews: Nomura FX Strategy Research discuss AUD outlook, recommending to tactically positioning for further AUD downside against the EUR via an options structure expiring on Dec-21. “AUD continues to fall…
