March 2018 saw the second-largest ever number of dividend cuts be declared by U.S. firms and funds in a single month. The month’s 92 dividend cuts reported was just one shy of the record 93 cuts that were recorded during the Great Dividend Raid of 2012, when the very real threat of greatly higher taxes on…
For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. Let’s now do something similar with the Light Vehicle Sales report from Motor Intelligence and the Bureau of Economic Analysis. This data series stretches back to January 1976. Since that first data…
Source: Admiral Markets MT5 with MT5SE Add-on The EUR/USD has formed a reverse bullish divergence exactly at W L3 Pivot point. Reverse or exaggerated bullish divergence is the type 3 divergence. The price is double bottom-ish while the oscillator makes a higher low. The EUR/USD price might bounce from 1.2255-65 and go straight up. If the 1h candle…
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the realty sector and auto sector witnessing maximum buying interest. The BSE Sensex is trading up 49 points (up 0.1%) and the NSE Nifty is trading up 5 points (up 0.1%). The BSE Mid Cap index is trading up by 0.4%, while the BSE Small Cap index is…
WTI Crude Oil The WTI Crude Oil market bounced over 1% during the trading session on Tuesday, partly in reaction to the oversold condition that Monday left us in, but also as we went reaching towards the uptrend line. I believe the uptrend line will be very important, and I think that if we break…
Tech stocks have led the market higher for years, and now they’re dragging it down. But we are far from the end of tech’s era. What we’ve seen in the markets recently is an expected, albeit abrupt, interruption in a mega-trend that’s going to continue for decades – maybe even forever. We only have to…
AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone. Resistance is at 0.7710, only a break of this level could bring price back to 0.7760 zone.
The cryptocurrency market finally saw some love on Tuesday, with Litecoin leading the way. Litecoin saw a 15% gain following days of consolidation around the 118 support level. It briefly tested the 137 resistance level before pulling back a bit towards the end of the trading day. This level is important because it has acted…
If the road to Hell is paved with good intentions, in economic terms the paving is done by zombies. We’ve all heard of the convention regarding Japanification. In desperation trying to avoid a worse fate, many of Japan’s tortured financial institutions were left open and operating so as to not force losses too much at…
