Monthly car sales come out tomorrow. After tomorrow, GM will only report quarterly, except to the Fed. GM claims monthly sales reports are inaccurate, so it will switch to quarterly reports. General Motors Co. said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and…
EUR/USD The EUR/USD pair tried to rally initially during the trading session on Monday, but rolled over at the 1.2350 level, and the 50 EMA. The market continues to have support underneath though, especially near the uptrend line. If we were to break down below the uptrend line, the next major support level is closer…
Good day traders. Today’s focus is on GBPAUD and its mid-term price development. Let’s dig in. GBP/AUD can be trading in a complex, corrective rise since 2016 when a higher degree wave A unfolded its five sub-waves and found its low. As such we now view this corrective rally that followed as a higher degree…
As the BLOOD continues to run on Wall Street, gold and silver were the few assets trading in the green yesterday. As I have mentioned in past articles and interviews, investors need to get used to this sort of trading activity. Even though the Dow Jones Index ended off its lows of the day, it…
Note: Our goal is to follow the facts, wherever they may lead. If your argument is better, let us know and we will adjust our framework. While sometimes events appear to be white or black, often the truth is in the middle, a muddied up gray, therefore rarely are their simple conclusions, or straightforward rationalizations,…
Source: Admiral Markets MT5 with MT5SE Add-on Overnight, the Dow Jones was sold heavily, whilst most Asian Indices rose from their interim lows quite strongly. The move also spiked the GBP/USD. Technically, the Dax should be poised to rise this morning, as we can see the retail gap (red highlight). Rejection might happen close to order block/ M…
Many market participants see themselves as value investors, striving to buy at a discount and sell at a premium to value. Most understand the concept of margin of safety (MoS), first applied to investment affairs by Benjamin Graham. They see it as a one dimensional concept: the difference between value and price. The larger that…
Many market participants see themselves as value investors, striving to buy at a discount and sell at a premium to value. Most understand the concept of margin of safety (MoS), first applied to investment affairs by Benjamin Graham. They see it as a one dimensional concept: the difference between value and price. The larger that…
Stellar Lumens or XLM showed yet another outstanding performance on Monday, days after IBM’s VP confirmed that Stellar is a “big” part of the company’s IBM blockchain platform strategy and relies mainly on Stellar’s technology. Stellar Lumens is being used in a real-world environment for the company’s blockchain solutions. But another thing that is getting…
Since LIBOR is a hot topic again, though no 2a7 in sight, I thought I’d add one additional perspective that isn’t found in any other analysis. LIBOR is, of course, a money rate applied not to domestic funding but eurodollars on offer in London. The current criticism of the rate stems from the fact that…
