Category Archive: Finance, No picture
AUD/USD: Bearish Trend Still Dominates Ahead Of AU Jobs
The price action so far today is emblematic of a textbook “risk off” day: stocks are falling across the globe, oil is trading off by nearly 3%, bond yields are generally retreating, and the yen is the strongest performing major currency (though we would note that gold bugs still can’t seem to catch a break!). One […]
E US Monetary And Fiscal Authorities Need To Get Their Acts Together
A Fed that is determined (for now) to raise the Fed funds rate is driving up the US dollar and inflicting hardship on Emerging Markets…. Historically, Fed Chairs liked to consider the Fed being just the central bank for the US until things blew up globally. Powell is no exception. We could be witnessing a […]
SEC Subpoenas Tesla Regarding Privatization Plans And Musk’s Statements
The SEC launched a formal investigation into Tesla by the SEC over Musk’s allegations. More lawsuits filed. SCOOP: SEC ramps up investigation into Tesla privatization plans; sends subpoenas to Tesla regarding privatization plans and Musk’s statements involving “funding secured”–sources Subpoenas signal investigation has reached the “formal” stages — sources more now @FoxBusiness * — Charles […]
Crude Oil Price Analysis: Sell-Off Approaching Key Support Targets
Crude oil sell-off intensifies- possible relief at upcoming support targets Crude oil prices have plummeted nearly 14% off the July highs with the decline now approaching broader up-trend support. Here are the updated targets and invalidation levels that matter on the Crude Oil charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. CRUDE […]
Will Sonos Make Sweet Music For Investors Wallets?
There have been a flurry of initial public offerings lately and Sonos is no exception. They have been in business for a while now and decided to take their company public. Many investors love IPOs and always want to get in early, but not all turn out to be smart investments for investors wallets. Where […]
E Forex Analysis Of USD/JPY For Wednesday, August 15
First, we look into the previous day trade and what happened on August 14, 2018, and the USD/JPY pair opened at 110.629 and went high at 111.307 and gone low 110.580 and finally closed at 111.140. The calculated pivot point for the day is 110.009. The difference between high and low was nearly 0.727 points […]
Gold Price Forecast: Bearish RSI Signals Warn Of Further Losses
GOLD TALKING POINTS Gold prices are back under pressure amid the recent strength in the U.S. dollar, and the precious metal stands at risk for further losses as the bearish momentum appears to be gathering pace. GOLD PRICE FORECAST: BEARISH RSI SIGNALS WARN OF FURTHER LOSSES The inverse relationship between gold and the U.S. dollar may become […]
E Forex Analysis Of GBP/USD For Wednesday, August 15
Every day is not an independent day in forex trading and it is an extension of previous day trading. First, we look into the previous day trade and what happened on August 14, 2018, and the GBP/USD pair opened at 1.27594 and went high at 1.28170 and gone to low at 1.27039 and finally closed […]
Pension Liabilities Skyrocket: It’s The Promises, Stupid
Unrestrained benefit growth is behind many state fiscal crises: Special spotlight on Illinois. This is a guest blog courtesy of Wirepoints and authors Ted Dabrowski and John Klingner. It’s the Pension Promises, Stupid! You can trust public pension apologists to deflect any critique that calls out the failure of defined benefit plans. Unsurprisingly, their response to a recent Wall […]
E Forex Analysis Of EUR/USD For Wednesday, August 15
In Forex Trading, every day is not an independent day, it is an extension day of the previous day trading. First, we look into the previous day trade and what happened on August 14, 2018, and the EUR/USD pair opened at 1.13994 and went high at 1.14287 and gone to low at 1.13299 and finally […]
