Discretionary outlook based on charts If Bitcoin breaks above its 50sma, next target is $10k. Otherwise still bearish. Ethereum has broken out above its 50sma. Next resistance at $640. Bitcoin Cash has broken out above its 50sma. Next resistance at $1200 (100sma). Ripple has broken out above its 50sma. Next resistance at $1.1 2:46 am. Bitcoin…
The outlook for US monetary policy was the central object of speculation across financial markets Thursday. A fiercely hawkish speech from typically dovish Fed Governor Lael Brainard stoked an upshift in priced-in 2019 rate hike bets while the yield curve steepened, with the spread between rates on 10- and 2-year Treasury bonds rising by the most in…
USDCAD’s bounce from 1.2526 extended to as high as 1.2675, facing the resistance of the top trend line of the price channel on the 4-hour chart. A clear break above the channel resistance would indicate that the downtrend from 1.3124 had completed at 1.2526 already, then further rise to 1.2760 area could be seen. On…
Friday’s swing-trades: Long Ferrari (RACE) Long Fluor (FLR) Short BlackBerry (BB)
Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.1% while the Hang Seng is down 0.4%. The Shanghai Composite is trading down by 1%. Wall Street’s three major indices closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology…
S&P 500 The S&P 500 fell during the trading on Thursday, breaking below the 2700 level. After forming the shooting star and Wednesday and look as if we were running out of strength, and that seems to be the case now that we have rolled over during trading on Thursday. Even with this move, it…
Free dating sites close down. Only paid sites remain. You might not know this, but Congress just wiped out the casual dating scene in mid-March when they recently signed into law the Fight Online Sex Trafficking Act (FOSTA). This intent of this law is to hold websites accountable for any content on their site that may lead…
On a global scale, the U.S. economy is massive at close to $19 trillion in size. However, the United States is also the sum of its parts. America represents the union of 50 states and other jurisdictions such as D.C., and all of these state-level economies have their own unique problems to overcome, drivers of…
On a global scale, the U.S. economy is massive at close to $19 trillion in size. However, the United States is also the sum of its parts. America represents the union of 50 states and other jurisdictions such as D.C., and all of these state-level economies have their own unique problems to overcome, drivers of…
We began Part 1 with the Donald’s bogus tax day boast that the American economy has come roaring back. But that falsehood merits further debunking because it succinctly embodies the kind of context-free, anti-historical, bad money-populism that prevails on both ends of the Acela Corridor. On this Tax Day, America is strong and roaring back. Paychecks are climbing. Tax rates…
