The Canadian government brought down its latest budget on Feb. 28th. As has become the custom, there were very few surprises in the budget statement since the government widely indicated in advance its main spending priorities. Last year’s 3% growth in the economy provided the government with an unexpected boost to revenues in FY 18/19….
The negative sentiment in tech stocks right now won’t necessarily keep traders from beating each other with a stick to try and get their hands on the newly listed Spotify shares as soon as they open. At this point, investors are really looking for something fresh and even though the company is losing money, they…
Monthly car sales come out tomorrow. After tomorrow, GM will only report quarterly, except to the Fed. GM claims monthly sales reports are inaccurate, so it will switch to quarterly reports. General Motors Co. said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and…
EUR/USD The EUR/USD pair tried to rally initially during the trading session on Monday, but rolled over at the 1.2350 level, and the 50 EMA. The market continues to have support underneath though, especially near the uptrend line. If we were to break down below the uptrend line, the next major support level is closer…
Good day traders. Today’s focus is on GBPAUD and its mid-term price development. Let’s dig in. GBP/AUD can be trading in a complex, corrective rise since 2016 when a higher degree wave A unfolded its five sub-waves and found its low. As such we now view this corrective rally that followed as a higher degree…
As the BLOOD continues to run on Wall Street, gold and silver were the few assets trading in the green yesterday. As I have mentioned in past articles and interviews, investors need to get used to this sort of trading activity. Even though the Dow Jones Index ended off its lows of the day, it…
Note: Our goal is to follow the facts, wherever they may lead. If your argument is better, let us know and we will adjust our framework. While sometimes events appear to be white or black, often the truth is in the middle, a muddied up gray, therefore rarely are their simple conclusions, or straightforward rationalizations,…
Source: Admiral Markets MT5 with MT5SE Add-on Overnight, the Dow Jones was sold heavily, whilst most Asian Indices rose from their interim lows quite strongly. The move also spiked the GBP/USD. Technically, the Dax should be poised to rise this morning, as we can see the retail gap (red highlight). Rejection might happen close to order block/ M…
Many market participants see themselves as value investors, striving to buy at a discount and sell at a premium to value. Most understand the concept of margin of safety (MoS), first applied to investment affairs by Benjamin Graham. They see it as a one dimensional concept: the difference between value and price. The larger that…
Many market participants see themselves as value investors, striving to buy at a discount and sell at a premium to value. Most understand the concept of margin of safety (MoS), first applied to investment affairs by Benjamin Graham. They see it as a one dimensional concept: the difference between value and price. The larger that…
