So here’s an interesting concept. Rather than simply accepting the extreme volatility that is inherent in cryptocurrencies, a project called Basis just raised $133 Million to create a new stablecoin. The idea is to implement an algo-driven monetary policy, similar to what central banks do but without human interference. Of course, as with most crypto-related projects the…
Source: Admiral Markets MT5 with MT5SE Add-on The USD/JPY has broken through a trend line boosted by rising 10-year US yields. The US 10-year yields were up and we can see the USD/JPY going up too. Leaned bullish W pattern and X cross of two trend lines are technically suggesting upside continuation. 107.05-20 is the POC zone and…
There is a market “truism” that needs to be set straight. In summary: “Rising interest rates hinder high dividend equities.” We’d rephrase it this way: “Rising rates have been hindering high-dividend equities in the last couple of years, but over any sizable time frame, the causal relationship between rates and equity factors has been cursory at best.” With…
Every business cycle has a debt build up followed up an inevitable deleveraging. In order to grow their businesses in excess of existing cash flow, firms need to take out debt when the economy is expanding and they need to de-risk the balance sheet in times of financial stress to bring the debt to equity ratio to…
BTC/USD Bitcoin was slightly positive during the session on Thursday, gaining over 1%. However, there seems to be a bit of resistance at the $8400 level, so I think we may continue to go back and forth. If we can break above the $8400 level, the market will probably go to the $9000 level next….
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock…
After opening their day on a negative note, Indian share markets witnessed choppy trades and ended their session on a flat note. Barring the IT sector, most of the sectoral indices ended the day lower with realty sector and banking sector witnessing maximum selling pressure. At the closing bell, the BSE Sensex stood lower by 12 points and the NSE Nifty closed flat. The BSE Mid Cap index…
The US dollar is set to finish the week on a firm note. It reflects rising US yields, where the 10-year is above 2.90% for the first time since February and the widening two-year different between the US and Germany, which is holding just below 300 bp. It is the fourth consecutive advancing session for…
EUR/USD 4 hour The EUR/USD is breaking below the support trend line (dotted blue) which is creating a larger bearish wave structure and expanding the bearish correction. Price is probably building a bearish ABC (brown) correction and could fall to test the Fibonacci targets of wave Y vs W. 1 hour The EUR/USD broke below…
The threat of a global trade war is a risk factor for the global economic outlook, warned the managing director of the International Monetary Fund on Thursday. But in the weeks since President Trump rolled out tariffs on Chinese imports – and China responded in kind – nothing much has changed in the hard data as it…
