Monthly Archives: December 2017

Crude Oil Prices Look To Inventory Data To Help End Deadlock

Crude oil prices marked time yesterday, oscillating between gains and losses intraday but never finding lasting follow-through. The spotlight now turns to the weekly set of API inventory flow data. That will be weighed up against an analogous EIA report due on the following day, which is expected to show that crude stockpiles shed 3.4 million barrels last week while…

When Premium Gasoline Is A Waste Of Money

Last year AAA reported that Americans waste billions of dollars each year on premium gasoline. A new AAA study concludes that’s true in most cases even if premium-grade is recommended for your car. If you are like many Americans, you may occasionally treat your car to premium gasoline. You might not be certain whether it helps,…

On Finding A Job In Finance

Photo Credit: Chris-Håvard Berge I was approached by a younger friend for advice. This is my response to his questions below: Thank you for agreeing to do this for me. I would love to have an actual conversation with you but unfortunately, I think that between all of the classes, exams, and group project meetings…

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Good day traders! USD/MXN is trading in a temporary correction as part of a bigger bullish cycle. We are talking about corrective wave 2, that is now unfolding its sub-wave B), which looks to be an Elliott wave triangle correction. Well, a few legs are still missing within this triangle, which means we may still…

Cocoa: Has A Floor Been Formed?

One way for traders to succeed is to focus on less-focused assets. Cocoa is one of them. Regularly, you will never find any news on Cocoa in major publications like Wall Street Journal, Bloomberg, and Financial Times. Cocoa is a commodity mostly supplied by West African countries of Ghana and Ivory Coast. Its global demand…

What The Brexit Breakthrough Meant For The Pound

Having been in a perpetual state of fluctuation since the results of the EU referendum were revealed, the pound showed some significant growth, providing a very welcome glimmer of hope for businesses and consumers alike in the wake of last week’s Brexit breakthrough.  With Prime Minister Theresa May’s announcement that negotiations on the future relationship…

Ascending Triangle On LTC/USD

Technical indicators: Market Cap, billion: $17.54 % chg. over the week: +127.20 52 wk range: 33.33 – 348.19 Demand for the cryptocurrency continues to grow. Trading in futures on CME group will attract large investors, who previously could trade digital currency only in unregulated markets. At the moment, the capitalization of Litecoin has exceeded $17.5…