Throughout much of last year, we were told repeatedly that the PBOC was tightening monetary policy. China’s central bank had raised its reverse repo rate twice early on, and then once more last December (and would do so again just last month). These moves coincided with Federal Reserve “rate hikes”, seemingly in line with the…
Discretionary outlook based on charts Bitcoin is capped by its 50 sma resistance and making lower highs. Ethereum is stuck on its resistance trendline. Ripple and Bitcoin Cash are turning prior support into resistance. 2:29 am. Bitcoin is capped by its 50 sma resistance and making lower highs. Bitcoin is stuck in a bearish pattern of…
Gold prices proved to be remarkably resilient yesterday, finishing the day with a narrow increase despite a recovery in the US Dollar and a steepening of the priced-in Fed interest rate hike outlook. Those forces might have been expected to weigh on the perennial anti-fiat and non-interest-bearing asset. The yellow metal saw a bit of selling…
GBP/USD 4 hour The GBP/USD made a strong bearish retracement at the previous top (red). Price could either be building a bearish reversal after it completed bullish waves 5 or it could keep pushing for one higher high. A bullish breakout could see price make an extension towards the round level at 1.45 whereas a…
USDCAD broke below 1.2544 support and extended its downside movement from 1.2943 to as low as 1.2526. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2450 area. Only a clear break above the trend…
Times have been hard for Wall Street banks lately, what with record amounts of cash pouring in and causing all kinds of bookkeeping headaches. So — big-hearted people that we are — Americans stepped up and helped by lowering the banks’ taxes. From Today’s Wall Street Journal: The Four Biggest U.S. Banks Made $2.3 Billion…
Wednesday’s stock picks: Long Fifth Third Bancorp (FITB) Long Veeva Systems (VEEV) Short Rexnord (RXN)
WTI Crude Oil The WTI Crude Oil market has been very noisy during the trading session on Tuesday, going back and forth, but it appears that the $66 level is going to offer support enough to turn things around and cause a bit of a bounce. I believe that the market is starting to show…
We often judge a company on the basis of its sales and earnings numbers. These, however, may not be enough. Sometimes, a stock gets a boost if these numbers climb year over year or surpass estimates in a particular quarter. This will definitely be a great opportunity for an investor with a shorter horizon to…
Today, I’d like to take a look at Populous, a London-based project whose cryptocurrency token has seen over 95% gain in the past week, and a 15% gain on Tuesday, which made it the leader of top 30 cryptocurrencies. With a market cap of $8.5M, Populous ranks 26th on the cryptocurrency list right after Bitcoin…
