New Record Highs Ahead?
The U.S. stock market indexes were mixed between -0.1% and +0.6% on Wednesday, extending their short-term fluctuations, as investors’ sentiment remained unchanged. The S&P 500 index has reached the record high of 2,916.50 on August the 29th. It currently trades just 0.5% below that high. The Dow Jones Industrial Average gained 0.6% and the technology Nasdaq Composite lost 0.1% […]
China Trolls Trump, Will Slash Tariffs On Imports From ‘Majority’ Of Trade Partners
Well, China is going to go ahead an cut the average tariff rate on most of its trading partners, in a bid to boost imports and ensure consumer prices don’t rise amid the trade war with the U.S. He didn’t elaborate, but Premier Li Keqiang reiterated China’s commitment to opening up its economy and the apparently broad-based tariff […]
Is Cannabis The New Crypto?
Cannabis stocks have been getting incredibly high lately and through the haze, it’s not difficult to see why. With the recent push towards legalization of cannabis in the United States and breakthroughs in medicinal marijuana,many are seeing huge potential in this emerging industry. Now some on Wall Street are asking the question…. For crypto enthusiasts, the answer seems to be no. A […]
Turkish Lira Swings Violently As Erdogan’s Economic Plan Spooks Traders
The Turkish lira swung violently, rising to session highs then slumping 1.5% after Turkey presented its medium-term economic plan, which together with last week’s massive 625bps rate hike was supposed to restore investor confidence in the country’s struggling economy. The Turkish Lira first rose 1.9% during the speech delivered by Turkey’s finance minister Berat Albayrak […]
US Business Cycle Risk Report – Thursday, Sept. 20
US economic growth remains strong, based on data published to date, but today’s business-cycle profile continues to suggest that we’ve seen the peak. Recession risk remains low and near-term projections point to more of the same. The question is whether there’s trouble brewing for 2019? At this stage it’s too early to answer with anything […]
Movement But Little Change
Norges Bank: As widely expected, Norway hiked rate for the first time since 2011. Paradoxically, it was seen as a dovish hike. The rate path was lower than many expected. The next hike is seen in Q1 2019. The krone was sold, and it is the only major currency that is not gaining against the […]
S&P 500 And Nasdaq 100 Forecast – Thursday, Sept. 20
S&P 500 The S&P 500 did very little during the day on Wednesday, as we are hovering near the highs. I think at this point it’s likely that we will see the occasional short-term pullback, but that should be a buying opportunity as we obviously have an overall upward proclivity. The markets don’t have a […]
BTC/USD Forex Signal – Thursday, Sept. 20
Last Tuesday’s signals were not triggered, as there was no bearish price action at $6,324. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time, over the next 24-hour period only. Long Trade Long entry after a bullish price action reversal on the H1 time frame following the next touch of […]
EURUSD: Pair Ready To Exit The Consolidation Range
Previous: On Wednesday the 19th of September, trading on the euro closed slightly up. Throughout the day, the single currency lacked any pronounced direction. The main drivers behind yesterday’s movements came from news about Brexit, the US-China trade war, and delays to the NAFTA deal. The currency pair spent the day trading within a range of […]
Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply
The sales of Silver Eagles surged in September as the U.S. Mint removed their temporary supply restriction. As the silver price continued to trend to new lows at the beginning of the month, several large purchases of Silver Eagles by the Authorized Dealers wiped out the inventory at the U.S. Mint. The U.S. Mint had […]
