Category Archive: Finance
Trading Support And Resistance – March 11
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
Why Investors Should Closely Watch The Oil Market
Oil’s price move in the upcoming weeks will be decisive for its overall performance in 2018. After our initial oil price target in 2018 was met recently, we published an oil price update where we mentioned that oil is not bearish, at least not from the long term perspective. Our outlook was based on the analysis of the […]
Investors Try On AI-based Drug Discovery With BioXcel
Last week BioXcel Therapeutics (Nasdaq: BTAI) went public at $11. It looks like a typical biotechnology company with two drugs (BXCL501 and BXCL701) in Phase 1/2 trials for mental disorders and cancer respectively. Both drugs look fairly promising based on the data presented and we’ll get to that. But BioXcel is taking a different approach to […]
Weekly Market Outlook – The Best And Worst Possible Kind Of Breakout
Despite last week’s bullish start, the buyers offered very little follow-through in the middle of the week. Too much political noise kept traders on the sidelines. That all changed on Friday though, and with very little prodding. Thanks to Friday’s 1.74% jump from the S&P 500, the index booked a gain of 3.5% for […]
Dow Jones And The Barron’s Gold Mining Index: A 98-Year Examination
Looking at the market at the close of this week, apparently the “policy makers” have once again gotten a handle on the financial markets. In the Dow Jones BEV chart below it did correct 10%; but only for one day, February 8, with the Dow Jones coming back since. It closed the week only 4.81% […]
EUR/USD Forecast Mar. 12-16 – At The Crossroads
EUR/USD had a turbulent week that it eventually ended slightly lower and it is still looking for a new direction. The upcoming week features a speech by Draghi, final inflation figures, and more. What’s next for EUR/USD? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. While Germany will […]
Gold From Soup To Nuggets
Gold’s change for the week just past? A zip-zero-nada bona fide nothing burger. Well, it did sport a net gain for the week of 30¢ having settled the prior Friday at 1323.7 and now yesterday at 1324.0. En route, price made both a “higher-low”, but also a “lower-high”, referred to by traders as an “inside week”. Fairly […]
USD/CAD Weekly Analysis – Sunday, March 11
USD/CAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2248. As long as the price is above the trend line, the fall from 1.3000 could be treated as consolidation of the uptrend and further rise towards 1.3200 could be expected after the consolidation. On the downside, a […]
West’s Household Spending Heads For Decline As Population Ages And Trade War Looms
As promised last week, today’s post looks at the impact of the aging of the BabyBoomers on the prospects for economic growth. The fact that people are living up to a third longer than in 1950 should be something to celebrate. But as I noted in my Financial Times letter, policymakers are in denial about the importance […]
Weekly S&P 500 Chartstorm: 10 Deceptively Simple Charts
Those who follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I’ll pick a couple of themes and hammer them home with the charts, but sometimes it’s just a selection of charts that will add to your […]
