Monthly Archives: April 2018
EUR/USD Reverse Bullish Divergence At W L3 Pivot
Source: Admiral Markets MT5 with MT5SE Add-on The EUR/USD has formed a reverse bullish divergence exactly at W L3 Pivot point. Reverse or exaggerated bullish divergence is the type 3 divergence. The price is double bottom-ish while the oscillator makes a higher low. The EUR/USD price might bounce from 1.2255-65 and go straight up. If the 1h candle…
Indian Indices Trade Marginally Higher; Auto Sector Up 1.7%
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the realty sector and auto sector witnessing maximum buying interest. The BSE Sensex is trading up 49 points (up 0.1%) and the NSE Nifty is trading up 5 points (up 0.1%). The BSE Mid Cap index is trading up by 0.4%, while the BSE Small Cap index is…
WTI Crude Oil And Natural Gas Forecast – Wednesday, April 4
WTI Crude Oil The WTI Crude Oil market bounced over 1% during the trading session on Tuesday, partly in reaction to the oversold condition that Monday left us in, but also as we went reaching towards the uptrend line. I believe the uptrend line will be very important, and I think that if we break…
This Isn’t The End For The Tech Titans
Tech stocks have led the market higher for years, and now they’re dragging it down. But we are far from the end of tech’s era. What we’ve seen in the markets recently is an expected, albeit abrupt, interruption in a mega-trend that’s going to continue for decades – maybe even forever. We only have to…
AUDUSD Daily Analysis – Wednesday, April 4
AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone. Resistance is at 0.7710, only a break of this level could bring price back to 0.7760 zone.
LTC/USD Gains After Abra CEO Explained Reasons For Switching To L
The cryptocurrency market finally saw some love on Tuesday, with Litecoin leading the way. Litecoin saw a 15% gain following days of consolidation around the 118 support level. It briefly tested the 137 resistance level before pulling back a bit towards the end of the trading day. This level is important because it has acted…
EC Curse Of Th
If the road to Hell is paved with good intentions, in economic terms the paving is done by zombies. We’ve all heard of the convention regarding Japanification. In desperation trying to avoid a worse fate, many of Japan’s tortured financial institutions were left open and operating so as to not force losses too much at…
Taxation, Government Spending, The National Debt And MMT
by Philip Pilkington The other day my friend Rohan Grey – a lawyer and one of the key organisers behind the excellent Modern Money Network (bringing Post-Keynesian economics to Columbia Law School, yes please!) – directed me to an absolutely fascinating piece of writing. It is called ‘Taxes For Revenue Are Obsolete’ and it was written in 1945 by Beardsley…
Gold Gives Up Gains As Stocks, Dollar Climb
Gold prices dropped $7.98 an ounce on Tuesday, pressured by climbing stocks and a strong dollar. Some chart-based selling was also behind gold’s 0.59% drop yesterday. XAU/USD headed back to the anticipated support in the $1329-$1328 area after the market failed to climb above the 4-hourly Ichimoku cloud. The market will focus on upcoming economic…