MLP investors have certainly seen their conviction tested of late. Poor stock performance was recently compounded by the Federal Energy Regulatory Commission’s (FERC) ruling on cost of service contracts earlier this month. Although MLPs don’t pay tax, interstate natural gas pipeline tariffs based on cost-of-service have historically included an allowance for taxes paid by their…
In my previous piece last week, I saw the best possible trades for the coming week as long of the GBP/USD currency pair, and short of the USD/JPY currency pair. This worked out well in both the trades, with GBP/USD ending the week up by 1.37% while the USD/JPY fell by 1.17%, producing an average…
From The Hill: President Trump’s incoming national security adviser John Bolton said Sunday he hopes impending economic tariffs against China could be “a little shock therapy” for the country. Electroconvulsive therapy is, as I understand it, is something used for depression, mania, and catatonia. So, is Mr. Bolton suggesting China suffers from one of these three…
From The Hill: President Trump’s incoming national security adviser John Bolton said Sunday he hopes impending economic tariffs against China could be “a little shock therapy” for the country. Electroconvulsive therapy is, as I understand it, is something used for depression, mania, and catatonia. So, is Mr. Bolton suggesting China suffers from one of these three…
Cryptocurrency adoption is increasing in 2018 while prices are dipping. It’s a counter-intuitive reaction that we are seeing here since prices should be increasing as adoption increases. Yet that’s not what happening as we start 2018. This week, as major cryptocurrency prices continue to drop or get rejected around resistance levels, we shared with our…
With the Dow down over three thousand points from its bull market peak, there is naturally a lot of chatter about how far the market is going to fall. You already know how wildly bearish I am, but let me temporarily leap to the other side and share some charts which argue for a bounce at these levels. First…
Talking Points: FOMC raised rates as expected, S&P 500 at major test of support German employment data on Thursday; DAX extremely vulnerable BoE held on rates, FTSE at risk of trading sub-6700 soon Check out our call for elevated volatility this year and what it could mean for the broader outlook of the S&P 500 in the DailyFX Top Trading Opportunities for 2018…
With the first salvos being fired in a potential Sino-American trade war, the Fed boosting the funds rate another quarter point (now 1.5% to 1.75%) and the president stirring the pot in what appears to be his own war of deflection, what’s an investor to do? The only winners here seem to be the media…
USD/CAD broke below the bullish trend line on the daily chart, suggesting that consolidation for the uptrend from 1.2248 is underway. Range trading between 1.2650 and 1.3124 would likely be seen in a couple of weeks. As long as 1.2650 support holds, the uptrend could be expected to resume and another rise towards 1.3500 is…
Market volatility is back, and in a big way. The double whammy of a potential trade war and the ongoing Facebook scandal are making investors jittery. The S&P 500 and Nasdaq both posted steep losses of more than 2% each, while the Dow Jones dropped more than 400 points into correction territory. That made it…
