In the past one month, the EUR/USD pair has moved up and down. It has moved to a high of 1.2477 before losing the gains to a low of 1.2237. The pair reached the above high on March, 27 following increased pressure about trade. Then, investors believed that the dollar would be a bigger loser…
S&P 500 The S&P 500 pulled back initially during the trading session on Wednesday, reaching the bottom of the Bollinger Bands indicator. However, we have rallied rather significantly, and this is a strong sign, considering that we had sold off so drastically. Ultimately, the market that shows this type of resiliency is typically a very…
When I last wrote about the Mexican peso three months ago, I described the NAFTA-driven context surrounding the breakdown of USD/MXN below its 50-day moving average (DMA). I was still holding onto a long-standing short on USD/MXN. I managed to keep holding this short until Wednesday evening (April 4, 2018). The Mexican peso is sustaining a…
The latest announcements by the US and China to slap trade tariffs on each other could take a bite out of economic growth. But at this stage it’s just talk. The potential for trouble in the months ahead can’t be dismissed. Meantime, the current estimates for first-quarter GDP growth in the US point to a continuation of…
This week my Safari portfolio seeks a high yield and growing stock in the Industrials sector. That sector has twenty-three industries all busy designing, fabricating and servicing things we want and use from aerospace to waste management and all the business services and equipment required, in between. Today I’m reviewing another diversified industrials firm. It’s…
Stocks across the globe rose in a continuation of yesterday’s euphoric rally that sent the Dow Jones nearly 1000 points higher from its session lows, as the moderation of trade war rhetoric – despite the tit-for-tat tariff announcements by China and the US – lifted risk sentiment across the board. As a result, whereas yesterday’s…
The year-over-year rate of growth relative to the previous month of the US Coincident Index improved. A comparison of this US Coincident Index to other coincident indices follows. Analyst Opinion of the Current Status of the Coincident Indicators The reality is that most of the economic indicators have moderate to significant backward revision – and this month…
Between today and 2025, the world will be a very different place. We can learn nothing about the next 4 to 7 years from government, central bank or media propaganda as they neither understand what will happen nor tell the truth. But we can learn a lot from history. Most people rely on the internet…
Global equity markets are higher, following the stunning recovery in the US yesterday, where the S&P 500 rallied 76 points or 3% from its lows to it highs, near where it finished. The outside up day is seeing following through today. Without China and Hong Kong, which are on holiday, the MSCI Asia Pacific Index snapped…
GBP/USD 4 hour The GBP/USD is moving sideways at the 50% Fibonacci level of potential wave 4 (green) retracement. The support and resistance level of this consolidation zone are key zones for a bullish or bearish breakout. A bearish break could indicate that the current range is a wave B or 2 and increases the…
