Category Archive: Finance
‘Trust Busting’ Time Back On Deck
In the late 1800’s and early 1900’s the US government and court system found the political courage under the leadership of President Theodore Roosevelt to break up ‘bad trusts’ which were defined as companies that had become so big and controlling as to operate contrary to the public interest for consumer choice, free competition, the […]
EUR/USD Breaks Support Trend Line And Expands Wave 2 Correction
EUR/USD 4 hour The EUR/USD broke below the support trend line (dotted blue) which makes a larger bearish correction more likely. The correction is probably part of a larger wave 2 (purple) correction, as long as price stays above the 100% Fibonacci level. A bullish break above resistance (red) could start waves 5. 1 hour […]
Predicting Crypto Market Movements
Traditional Markets It’s not often that we lead this section of the update with Japan but it is the world’s third-largest economy and they’re going through a bit of a rough patch which could potentially lead to some market movements that are worth highlighting. Prime Minister Shinzo Abe is having a bad month right now. […]
How Much Should You Expect Your House To Appreciate?
You just bought a house. If you’re like most Americans, it will soon become the largest component of your net worth, and only increase as a percentage over time. Naturally, you would like to see it go up. But by how much? Predicting future home prices is a difficult a game, made complicated by the myriad […]
Gold Stuck In $16 Trading Range
Gold prices fell $8.47 an ounce on Thursday, weighed down by a rise in the U.S. dollar after a report showed that the number of Americans filing for unemployment benefits dropped last week. Gold extended its losses and tested the support at $1314 as expected after prices pierced below the $1321.80-$1320 area. A stronger U.S. […]
Bank Of Canada Holds Interest Rates Steady
The Bank of Canada held its monetary policy meeting last Wednesday. As widely expected, the central bank of Canada holds interest rates steady at 1.25%. The central bank cited uncertainty related to trade factors as one of the reasons for keeping interest rates unchanged. Reiterating the statement from January which was largely unchanged, the central bank said […]
Why I Like Foreign Small Cap ETFs
Photo Credit: amanda tipton || It may not be foreign, and not an ETF, but it IS a small cap ====================== This should be a short post. When I like a foreign market because it seems cheap (blood running in the streets), I sometimes buy a small cap ETF or closed-end fund rather than […]
Dow 30 Technical Analysis: Where Do We Go From Here?
Dow Jones Industrial Average is one of the oldest indices in the world. It is made up of 30 of the largest firms in the United States. While the index is closely followed, it does not always give a clear picture of the economy. In addition, the companies that make the index are so large […]
USD/CAD Daily Analysis – Friday, March 16
USD/CAD broke above 1.3000 resistance, suggesting that the uptrend from 1.2247 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.3150 area. Support levels are at 1.3025 and 1.2980, only break below these levels could bring price back to 1.2850 zone.
Lumber Liquidators Upgraded To Buy From Hold At Loop Capital
Loop Capital analyst Laura Champine upgraded Lumber Liquidators (LL) to Buy and raised her price target for the shares to $30 from $22. The flooring retailer closed yesterday down 28c to $24.57. Following a visit to the company’s Toano, Virginia headquarters yesterday, the analyst has improved confidence in management’s margin outlook. He estimates represent […]
