It’s been a rough couple of months for Bitcoin, Ethereum, and Ripple, but we’re slowly starting to see an upswing in value compared to the major crash that we saw at the beginning of the year. Experts are divided, however, on whether the currencies will ever truly bounce back. Hindsight is 20/20, and many are keenly aware…
Although sterling traded higher against the greenback today, we believe that it is vulnerable to further weakness as U.K. data worsens. Industrial production rose only 0.1% in the month of February and manufacturing production fell -0.2%. Although the trade deficit narrowed, the decline in exports and imports reflects weakness rather than strength. All of…
The EUR/USD is getting comfortable in a range, but it may not stay that way. When the pair chooses a direction, it may be to the upside. The Technical Confluences Indicator shows that the EUR/USD has lots of support on the downside and not so much resistance to the upside. There is a definite congestion of support…
A short-term uptrend is struggling to emerge. The sellers seem done for now, but there just aren’t enough buyers willing to step in yet. Yesterday, the PMO Index turned up nicely, and the number of new 52-week lows was at a harmless level. Both are bullish signals. But there are so few new 52-week highs,…
If there’s anything the ruble (which is more “beleaguered” than Jeff Sessions after a Trump Twitter tirade) did not need after plunging 9% this week following fresh U.S. sanctions it was, well, a Trump Twitter tirade. But when it rains it fucking pours and the Kremlin is quickly discovering that unless this is all part of…
Facebook Inc. (FB) operates a social networking website worldwide. The Company’s products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and…
Euro has rallied nearly 1.4% after rebounding off key confluence support last week and the medium-term outlook remains weighted to the topside while above the April open. The advance is approaching some near-term resistance targets that may offer a pullback in price- here are the levels to know. EUR/USD DAILY PRICE CHART Technical Outlook: In this week’s Technical…
Volatility has been the key theme on Wall Street over the past couple of months. Although earnings optimism has once again encouraged investors to take on risk, strained U.S.-China trade ties and escalating tensions in Syria are acting as dampeners. Notably, the United States and its Western allies are jointly mulling over a possible military…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Canadian cannabis stocks rallied off their lows yesterday and we are favorable on this reversal. Shortly after the market opened, Horizons Marijuana Life Sciences ETF (HMMJ.TO) was down more than 5% and the…
According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 2.4 % – up 0.2 % from last month. The year-over-year core inflation (excludes energy and food) rate was 2.1 %, and is now slightly above the target set by the Federal Reserve. Analyst Opinion of the Consumer Price Index Even though the prices…
