USD/JPY 4 hour The USD/JPY uptrend channel reached the 110 round level and 38.2% Fibonacci level of potential wave D (light purple) and price seems to be moving away from this target. The direction of the USD/JPY however will depend on how price will respond to the channel. A bearish break below the channel could…
Eurozone CPI data headlines the economic calendar in European trading hours. The headline on-year inflation rate is expected to tick down to 1.3 percent. An April downtick was telegraphed in EU-harmonized German CPI figures earlier this week and a string of disappointments on recent news-flow hints it may prove larger than projected. Such a result might…
USDCAD continued its sideways movement in a trading range between 1.2803 and 1.2913. As long as 1.2803 support holds, the upside movement from 1.2526 could be expected to continue and a breakout of 1.2913 resistance could take price to next resistance level at 1.3000. On the downside, a breakdown below 1.2803 support would suggest that…
Thursday’s swing-trades: Long Salesforce (CRM) Long Netapp (NTAP) Short Cypress Semiconductor (CY)
Asian shares were subdued on Thursday ahead of anxiously-awaited Sino-US trade talks, while the US dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes this year. Shares in Hong Kong are lower today as the Hang Seng falls 1.7%. While, the Shanghai Composite is trading down by 0.2%. US stocks fell…
S&P 500 The S&P 500 rallied after initially falling during the trading session on Wednesday. When it up relatively unchanged, showing the 2040 level as support. The hammer from the previous session of course offering support as well, and the uptrend line that you can see I have on the chart. I think that the…
The past few weeks, market volatility has been sky high. I can’t remember the last time the NASDAQ had more 50 – 100-point swings so often. Very strong supply and demand levels and huge profit zones are the norm ever since the market declined to the February lows. So often in the trading world, I…
It is again that time when the earnings outcome of companies grabs all the attention. Analyst opinion, at this time, is usually centered on whether a company delivers an earnings beat or a miss. The first-quarter 2018 reporting cycle has almost crossed the half-way mark, with a robust picture of all-round strength. With solid earnings…
Cambridge Analytica is shutting down after becoming a staple in the media due to their involvement in the alleged manipulation of the 2016 United States Presidential Election. The company came under fire for their shady collection of user data and micro-targeted political ads that may have had a marked effect on the outcome of the…
The differences between investment vehicles can be confusing for many investors. For example, exchange traded funds (ETFs) and index funds (a type of mutual fund) can be a source of confusion largely because many investors think these two vehicles essentially represent the same type of product. The truth is, ETFs and index funds do have…
