The first day of the consensus event has indeed been extremely entertaining but the best is yet to come. Leaving the Lambo parade and fake banker protest aside, the panelists in the main hall have jumped right into the core issues. On stage with Ethereum co-founder Joseph Lubin, Bitcoin core advocate Jimmy Song was notably upset over the over-blockchainization of the…
After opening the day in the green, share markets in India witnessed positive trading activity, tracking the Karnataka state elections. The markets were decidedly positive in the morning session as the polls showed a decisive BJP victory. However, they soon gave away a 400-point gain as the Congress and allies chipped away at the BJP seats. Volatile…
Today, we are highlighting some important Fibonacci price levels and how they should continue to drive price action over the next 3~10 days or so. Let’s get started. This first Daily ES chart shows a pretty big picture of the Fibonacci price legs (the Fibonacci price “ladder” as we will refer to it in this…
After the EUR/USD failed to breach nor reach $1.2000 (as forecast here), the pair dropped to the lower ground and found some stability. This stability may not last too long as the US Retail Sales are coming up. The data can go in either direction and the EUR/USD has its battle lines drawn. The Technical Confluences Indicator shows…
Yesterday’s signals were not triggered as the price stopped just short of both of the nearest key levels. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm Tokyo time today, during the next 24-hour period. Long Trade Long entry after a bullish price action reversal on the H1 time frame following…
US 10-year rates are again probing the air above 3%, and this is encouraging a push back toward JPY110, with the euro slipping toward $1.19. Asian equities fell, with the MSCI Asia Pacific shedding 0.8%, the most in nearly a month, snapping a three-day advance. China and India were able to buck the regional move….
“Give me a stock to buy,” my friend demanded. “I can’t give personal advice,” I responded. “Besides, it’s not that simple, I don’t know your tolerance for risk, your long-term goals…” He cut me off. “I just need something that’s going to make me a lot of money quickly.” Then I got this email the…
In the latest distress signal from one of the most troubled corners of the emerging markets, this morning the Turkish Lira plunged to fresh all-time lows against the dollar after Turkish President Recep Tayyip Erdogan said he intends to tighten his grip on the economy and will take more responsibility for monetary policy if he wins…
We recently identified Amazon’s (AMZN) secret new earnings driver, advertising. Discovering it made a big difference in our earnings trajectory and earnings model. Amazon just confirmed that advertising is about to get even more important. The “Other” Line Item Drives Upside Surprise In Amazon’s recent earnings release on Page 13 their “other” line-item was up over 100%. That was advertising…
The US and Europe are in significantly different situations in terms of economic growth, inflation, and monetary policy. America’s year over year core PCE is 1.9% as of March and its core CPI is 2.1% as of April. That’s exactly where the Fed wants inflation to be as the target is 2%. This has allowed…
