Monday’s session was very good for the sellers. Although their opponents took USD/CAD higher, the previously-broken support/resistance line stopped them, triggering a sharp pullback and making currency bears more profitable. Is the worst already behind currency bulls? Focus on the USD Index From today’s point of view, we see that although the USD Index invalidated…
Interesting comment in this recent segment about US home prices having less downside risk and being more affordable relative to income today than in 2008. That is true in many cities. Not that several ‘hot’ markets are not set up for correction again, but risk is a function of price, so less overvalued this cycle…
Just a few short days after Bitcoin suffered its ‘death cross’, Ethereum just saw its 50-day moving-average cross below its 200-day, flashing the ominous-sounding warning. Bitcoin has been largely range-bound since it suffered its death cross… And Ethereum has gone nowhere in a couple of weeks, glued to $400 as it triggers its death cross today……
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTC.MKTS) looks like a very attractive speculative gold investment here for three big reasons—one is that, as we will see, it is at the support of a long-term trendline that…
Comments by the Chinese President Xi last night have settled trade war fears by bringing the WTO into the mix. Chris Temple and I discuss why we think this is a positive development and now puts the ball back in Trump’s court. Rather than go further down the tit for tat tariff road the countries…
Prevailing Bearish Sentiment Says U.S. Dollar Could Plummet in Value Technical analysis says that the U.S. dollar could be headed much lower. Don’t be shocked if the dollar gets into a collapse-like scenario when compared to other major currencies. Before going into any details, know that the U.S. dollar is really underperforming. If you look…
Investing psychology is a subject most books and so-called professionals keep separate from the mechanics and strategies of proper investing. A reality, largely misunderstood, is that the underlying mechanics and strategies within investing are a direct function of your psychological belief system. At any given time in the stock market, there are buy and sell…
As the U.S. and global economy speed towards the Seneca Cliff, very few individuals understand the fragile nature of currencies. Today, we use the lightning speed of the digital banking system to make our purchases at the store or online.It has become seemingly natural to buy groceries at the swipe of a card. Only a…
We’ve updated our monthly workforce analysis to include last week’s Employment Report for March. The unemployment rate remained at 4.1%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 103K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian…
The British Pound has rallied more than 4.7% against the Japanese Yen since the March lows with the advance now testing a key confluence resistance range. While the broader outlook does remain weighted to the topside, the rally may be at risk near-term while below this threshold. GBP/JPY DAILY PRICE CHART Technical Outlook: In this week’s Technical Perspective, we highlighted a…
