Category Archive: Finance
S&P 500 Continues To Ride The 5-Day Moving Average
My Swing Trading Approach Don’t take profits for granted. It’s convenient to ignore risk management on the trades, but you have to keep raising those stops. I will also look to add 1-2 new long positions today. Indicators VIX – 7% pop to 10.33. Likely that is just another selling opportunity for the bears to crush. […]
EUR: Ahead Of The Catalan Vote: Possible Reactions
All eyes are on Barcelona with the upcoming speech of the Catalan President Carles Puigdemont. Will he declare independence? We provided three scenarios for the big speech. Here is another view from Credit Agricole. Here is their view, courtesy of eFXnews: Credit Agricole CIB FX Strategy Research discusses the potential reaction for the EUR to today’s Catalan […]
Brookfield’s Yieldco Buying Spree
Last week, Bloomberg reported on a rumor that Brookfield Asset Management (BAM) was in talks to buy Abengoa’s (ABGOY) stake in its former YieldCo Atlantica Yield (ABY). Atlantica had been looking for a new sponsor for well over a year since parent Abengoa filed for bankruptcy. Purchasing Yieldcos (companies that own clean energy infrastructure and use the […]
General Motors Ready For Retrace
Hard to imagine this place was bankrupt in 2008 – anyway, this has gone very far, very fast, and I suspect it’s time for it to ease back over the next few weeks. Oh, and as long as we’re talking about car stocks, here is Tesla “can’t quite get the Model 3 production running” Motors…
USD/JPY And AUD/USD Forecast – Tuesday, Oct. 10
USD/JPY The US dollar initially fell against the Japanese yen during the session on Monday but has found enough support to turn around and form a hammer. There is a significant amount of support at the 112.50 level, as we have seen previously. However, I think that the support extends down to the 112 level, […]
USD/JPY Possible Reversal Due To Risk-Off Source
As Equities continued to skyrocket today, it seems we are experiencing some early signs of risk-off as the Catalonia/Spain saga continues, and the US Economic Optimism Index falls. Oil continues to rise with Saudi Arabia cutting production, and production was stifled in the US due to the Hurricane. Watch for signs risk-off at these Equities […]
USDCAD Daily Analysis – Tuesday, Oct. 10
USDCAD is now facing the bottom support trend line of the price channel on its 4-hour chart. Below the channel support could take price to 1.2448 key support level. A breakthrough would indicate that the uptrend from 1.2061 had completed at 1.2598 already. Then the following downside movement could take price back towards 1.2061 previous […]
Gold Initiates Bullish Series, RSI Breaks Out Ahead Of FOMC Minutes
Gold prices may continue to exhibit a bullish behavior over the coming days should the Federal Open Market Committee (FOMC) Minutes rattle expectations for higher U.S. interest rates. The precious metal appears to be on track to extend the rebound from the monthly-low ($1261) as it initiates a string of higher highs & lows, and the […]
Q3 Earnings To Work Magic For Wall Street: Top 5 Picks
Solid second-quarter earnings provided a fillip to the U.S. equity market despite political turmoil both at home and abroad. A similar shot in the arm is expected in the third quarter, with American corporations showing signs of strength on the back of an improving economy. Both manufacturing and service sectors accelerated at a record pace […]
U.K. Manufacturing Production Rises
The British economy painted a mixed picture once again in August following the surge in manufacturing production. Manufacturing production climbed 0.4 percent in August, according to the Office for National Statistics report published on Tuesday. However, the trade deficit widened to the highest in almost a year as imports jumped. The U.K. economy has been struggling […]
