The restaurant industry exhibited moderate growth in 2017. Per the National Restaurant Association (NRA), the industry generated $799 billion in revenues in the year, up 4.3% from 2016. However, this translates into a growth rate of just 1.7% when adjusted for inflation. The industry remains on steady footing, thanks to the strategies adopted to counter…
Fear of an all-out trade war returns after China imposed tariffs on US$50 billion worth of US imports, USDJPY plunged 70pips in an hour! China has just announced a fresh wave of tariffs on US goods including American soybeans, beef, autos and SUV. This is a retaliation to the US tariffs that were announced last…
Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm Tokyo time, over the next 24-hour period. Short Trade Go short after a bearish price action reversal on the H1 time frame following the next touch of $8,271….
After opening the day flat, share markets in India witnessed volatile trading activity throughout the day and ended the day deep in the red. Sectoral indices too ended the day in red, with stocks in the metal sector and stocks in the consumer durables sector leading the gains. At the closing bell, the BSE Sensex stood lower by 352 points (down 1%) and…
The top chart above highlights that the Dow has spent the majority of the past 70-years inside of a rising channel. The bottom chart highlights that the 10-year yield has spent the majority of the past 25-years inside of a falling channel. Support is support until broken and both are testing short-term support lines at each…
Previous: On Tuesday the 3rd of April, trading on the euro/dollar pair closed down. The daily patterns from the 2nd and 3rd of April are very similar, although the fundamentals behind them are different. In Europe on Monday, buyers reached a new session high before sinking to new lows. Then, on Tuesday, the euro jumped to 1.2335 before…
Canada’s economy grew 3% in 2017 and created a huge number of new jobs (427,300 jobs). The unemployment rate in January and February fell to 5.8% — a four-decade low. In 2017 Canada created an average of 35,600 jobs per month, most of which were full-time positions. This was the strongest expansion since 2002 (See…
Just because cryptocurrencies operate outside of government policy doesn’t mean they’re devoid of politics. The controversy between Bitcoin and Bitcoin Cash came to a head yesterday at a convention called Deconomy in Seoul South Korea. The pinnacle was a stand-off debate between Samson Mow and Roger Ver. Unfortunately, there doesn’t seem to be any professional-grade…
The stock market has once again been doing what it does best: reminding investors that markets go down too. After a virtually nonstop run from 6,500 on the Dow in 2009 to the huge 40% increase following the election, many forgot that sell-offs not only happen but are a fact of life. And as the…
