We had yet another bullish day across the crypto market, with Bitcoin cash leading the top 20 cryptocurrencies with its 16% gain. From a technical point of view, it appears that BCH/USD may have bottomed out. Let’s take a closer look. Bitcoin Cash (BCH) Overview Bitcoin Cash remains the most popular Bitcoin fork. Since its…
Background China Sunsine Chemical Holdings Limited is the top manufacturer globally and in China of rubber accelerators and other specialty chemicals used in rubber production, mainly to improve car tire functionality. It has a 20% global market share and supplies 2/3 of the world’s top 75 tire makers from its five plants located in China….
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4%, the Hang Seng is up 1.3%, while the Shanghai Composite is trading up by 0.9%. US stocks also closed their session with gains. Meanwhile, Indian share markets have opened the day marginally up. The BSE-Sensex is trading higher by 102 points (up 0.3%) and NSE-Nifty is…
Crude oil prices rose as Iraq delayed an auction of oil field development rights while officials from OPEC-led producers (notably including Russia) prepared for a meeting that may bring an extension of coordinated production cuts into 2019. EIA inventory flow statistics amplified gains, showing stockpiles shed 1.07 million barrels last week. Economists were expecting a shallow build…
EUR/USD 4 hour The EUR/USD market structure remains unclear due to lengthy consolidation zone. Price could either be building a bearish ABC (brown) correction or preparing itself for a bullish breakout as part of a wave 123 (green). The key decision zones for that wave analysis are the trend lines and Fib levels: a bullish…
Thursday’s stock picks: Long Boeing (BA) Long 58.com (WUBA) Short Citizens Financial Group (CFG)
S&P 500 The S&P 500 rallied during the session on Wednesday, breaking above the 2700 level. In fact, we went reaching towards 2720, but found enough resistance or to roll over and form a less than impressive bullish candle. I think that short-term pullback is likely, but I anticipate that there is support extending down…
Since Spring is in the air here are some colorful charts to show you where we feel the price of stocks are within the current bull market. Below are monthly charts of the SP500 index and the price of gold. The first chart shows a pattern that gold formed just before stocks hit all-time new…
The world’s second-largest economy exhibited strong performance in the first quarter. Strength in consumer spending drove expansion and overshadowed the troubles facing the economy. However, this was not enough to convince pessimists of a brighter future, as they questioned the impact of the trade friction and high debt on the economy. Into the Headlines China’s…
IBM – time for it to leave the Dow Index?
