Traditional Markets Two steps forward, one step back. We hope that the escalation are resolved quickly and peacefully. Indeed, according to IDF spokespeople, it will take the Quds months to recover from this. These images of three US prisoners coming home from North Korea is very reassuring indeed. Speaking yesterday, President Trump announced that a time and place for his…
Kiwi fell to its lowest in 2018 after Governor Orr statement, Short NZD/USD? RBNZ have left rates unchanged at 1.75% as expected. Even though New Zealand has seen solid global and domestic growth, with the economy operating around full potential, RBNZ have revised forecast for GDP and Inflation downwards. Three dovish statements have led us…
USD/JPY 4 hour The USD/JPY is in an uptrend channel and price has recently broken above the resistance trend line (dotted orange) but price is struggling to break above the previous top at 110. A bullish break above the previous high could indicate a continuation of the uptrend whereas a failure to break above the…
The Industrials Sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between. Today I’m reviewing a Large Cap Dutch-based Staffing & Outsourcing Services firm offering a wide…
WTI Crude Oil The WTI Crude Oil market rallied during the session on Wednesday, breaking clearly above the $70 level. I believe that breaking above the $71 level also shows that we are ready to go much higher. I think the $72.50 level above is a target. Short-term pullbacks should be buying opportunities, as we…
Electricity-generating wind turbines are seen on a wind farm in the San Gorgonio Pass area on Earth Day, April 22, 2016, near Palm Springs, California. Photo credit DAVID MCNEW/AFP/Getty Images. The history of power production through the early part of the 21st century was very much a tale of nonrenewable energy resources. Power was produced primarily…
USD/CAD dropped sharply from 1.2997, breaking below 1.2870 support. Deeper decline to test 1.2803 support could be expected, a breakdown below this level would confirm that the upside movement from 1.2526 had completed at 1.2997 already, then the pair would find next support level at 1.2600.
Bank of England may pause rate hike after recent sluggish economic data, short GBP/USD? Odds of a rate hike at the BOE’s meeting have slumped close to 10% from around 90% in late-March amid signs of a slowing economy and after Carney warned that a hike in May was far from certain. Immediate market reaction…
AT40 = 60.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.7% of stocks are trading above their respective 200DMAsVIX = 13.4Short-term Trading Call: neutral CommentaryThe “Apple Temptation” of the stock market seems to be working. For starters, after a 3 week run with a cautiously bearish short-term trading call, I have nudged the needle…
As economic benefits of last year’s Tax Cuts and Jobs Act begin to filter into the US economy, the S&P 500 Index appears to be headed towards a retest of its all-time high of 2872.87 set in January of this year, as shown on the monthly chart below. This record high was accompanied by an all-time momentum (MOM) high, as well…hinting of further strength…
