The risk of a national recession beginning in the United States anytime in the next year from 4 May 2018 through 4 May 2019 is virtually unchanged from the 0.6% reading we obtained just three weeks ago. In fact, the main reason we’re even bringing it up so soon is that we’re trying to get back to…
USD/CAD is facing 1.2917 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3000 area. Key support is at 1.2803, only a breakdown below this level would indicate that the upside movement is complete, then the pair would find next support level at 1.2600.
Tuesday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Texas Instruments (TXN) Long ServiceNow (NOW) Short Huntington Bancshares (HBAN)
Tuesday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Texas Instruments (TXN) Long ServiceNow (NOW) Short Huntington Bancshares (HBAN)
We are on the last leg of first-quarter earnings season. Per the latest Earnings Preview, already 409 S&P 500 members have reported financial results and the overall performance reflects many positive signs, buoying optimism among investors. The latest earnings scorecard highlights 24% increase in total earnings on 9.3% higher revenues. The beat ratio has been impressive…
The stock market and economy move in sync over the medium-long term. That’s why it’s extremely important to understand the state of a nation’s economy. Is the economic data improving or deteriorating? Let’s take a look at U.S. economic data as of May 2018. Unemployment The U.S. Unemployment Rate continues to fall and trend downwards….
Gold prices ended a two-sided trading session slightly lower on Monday as the U.S. dollar advanced against the euro after a report showed that German factory orders dropped. XAU/USD initially made a move towards the $1320 level but the Ichimoku cloud on the H4 chart acted as resistance as expected and sent prices down. Major…
There is lots of incredible analysis when it comes to finance and economics. However, a lot of it overlooks the simplest detail that is vital for any financial portfolio. While we cannot give you information that is specific to your circumstance, cash serves a critical role in any portfolio. It is often argued that cash…
Crude oil prices touched a four-year high amid worries that the US will abandon a nuclear disarmament deal with Iran, re-imposing sanctions that crimp global supply. A swift reversal followed however after President Trump said a decision on the matter will be revealed at 18:00 GMT today, four days ahead of a deadline on May 12….
AUD/USD moved sideways in a trading range between 0.7472 and 0.7560. As long as 0.7590 key resistance holds, the sideways move could be treated as consolidation for the downtrend from 0.7813 and a breakdown below 0.7472 support could trigger further downside movement towards 0.7300. Only a breakout of 0.7590 resistance could signal completion of the…
