Good business strategies generally create good investments over the longer term. And so Aramco needs to ensure it has the best possible strategies, if it wants to maximise the outcome from its planned $2tn flotation. Unfortunately, the current oil price strategy seems more likely to damage its valuation, by being based on 3 questionable assumptions: Oil demand…
Below is a brief recap of last week’s price projections and the price targets for next week. The SPX advanced 52 points but couldn’t break out of its March–April trading range, and fell 0.7% short of our upside target. In the process, it painted itself into a corner between the pivot line, trend support and…
JPMorgan on Friday said global oil prices may jump further following a three-year record high. Brent crude oil could surge to $80 a barrel if the U.S. and European Union reimpose sanctions on Iran and western powers expand Syrian civil war, JPMorgan strategists said in a note on Friday. While this might be considered as…
EUR/USD was flat on Friday. We took profit on our GBP/USD long trade and will be hunting for lower levels to buy this pair again, unless the market picture changes.We don’t see a fundamental reason for a continuation of USD/JPY rise and will be looking for an opportunity to open a short position there. Our…
Technical trading alternates as markets continued to be embattled by a perception that ‘issues’ (like politics and social media or geopolitical risk alone) are the challenge. Sure, the market has to juggle all these balls on a daily basis. However what’s really going on is a market depending itself shy of breakdown levels (again; the…
The 6% Solution Think back to last October. Imagine you or someone you know had $100,000 to put to work, but was extremely risk averse. In a worst case scenario, such as a major market correction, they were unwilling to risk a decline of more than 6%. What approach would you have taken? Maybe…
vHave you ever wanted to start a business or project but been put off by the inability to raise funds to kickstart your idea? Traditionally, banks and large business finance corporations were the only option for securing financial investment but today many entrepreneurs are turning to crowdfunding, including the popular platform Kickstarter. Having the right…
The United States Federal Reserve Bank has left a century-long trail of damage in its wake. A misguided attempt to manage the stages (growth, prosperity, recession, depression) of the economic cycle has led to nearly complete destruction in the value of our money. The ongoing loss in value of the U.S. dollar since inception of…
It appears that China is ready to re-enable some speculative excess once again in its stock market. Bloomberg reports that China is considering a relaxation of stock-index futures trading curbs that were introduced during the nation’s 2015 market crash, people familiar with the matter said. No, that is not a misprint on the chart, volume dried up in 2015 after regulators…
For the last three months gold had been chopping out a rectangle trading range which has completed four reversal points so far. Wednesday of this week it looked like gold may breakout above the top rail but the bears stopped the advance just when it looked like the bulls were finally going to win. Many…
