EURUSD: Moving Within The 1st Of September’s Range
Previous: On Tuesday the 5th of September, trading on the euro/dollar pair closed slightly up. After falling to 1.1868, the euro recovered to 1.1941. This growth was brought about by a general weakening of the dollar after the publication of weak data on factory orders in the US in July. The index for factory orders in […]
Bitcoin Beclamed After The Chinese Storm
Bitcoin (BTC), Ethereum (ETH) Pull Back from Monday’s Lows After heavy losses were seen across the crypto-currency market place on Monday, buying interest nudged the market as a whole back into positive territory, but gains are marginal and confidence remains low. The sell-off, prompted by China’s ban on new ICOs and the inspection of 60 ICO […]
AUDUSD Daily Analysis – Wednesday, Sept. 6
AUDUSD’s upside movement from 0.7807 extended to as high as 0.8028. As long as the price is in the bullish channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.8050 area. Near-term support is at 0.7935, followed by the bottom support trend line of the […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, Sept. 6
S&P 500 The S&P 500 sold-off rather drastically during the session on Tuesday, as US traders came back to work. However, you can see that we found support at the 2450 level and ended up forming a hammer for the day. This shows just how resilient the market is, and with this being the case […]
Things To Consider Before Taking Out A Payday Loan
Payday loans have become an increasingly popular form of funding in recent years, largely because of their accessible nature. It is now common for people who are tight on cash to secure a loan from a company like Smart Pig to tide them over until payday’s arrival. Here are some of the factors every person thinking of […]
The Insanity Of Pushing Inflation Higher When Wages Can’t Rise
In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing. The official policy goal of the Federal Reserve and other central banks is to generate 3% inflation annually. Put another way: the central banks want to lower the purchasing power of their currencies by 33% every […]
Above The 40 – A Different Kind Of Volatility And Fizzle For The Stock Market
AT40 = 44.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.5% of stocks are trading above their respective 200DMAsVIX = 12.2 (was as high as 14.1)Short-term Trading Call: neutral CommentaryAnother North Korean nuclear power move caused more rattling in financial markets. The last time the market cared about the growing drama on the Korean […]
Dividends By The Numbers In August 2017
August 2017 was something of a mixed month for dividend-paying stocks in the U.S. stock market. On the plus side, the number of U.S. firms announcing dividend increases was up and the number of firms announcing dividend cuts were down, both month over month and year over year, both of which are positive indications of the health […]
FX Markets Monthly Outlook – September 2017
The month of August largely passed off as a non-event with most of the markets trading flat. The US dollar continued to weaken during the month as investor sentiment continued to drop. The weakness in the greenback was spurred by both economic and political developments. North Korea stood out on the international scene as […]
