Category Archive: Finance, No picture
E Litecoin Remains Bearish
Litecoin fell to a new low which now fits into a nice five wave decline down from 90 area, so we see market completing an extended wave three. Therefore, a reversal is expected to unfold in three legs, ideally headed higher into wave four towards 60.00 area where new resistance may send price back to […]
Sensex Extends Gains; Vedanta & Yes Bank Lead The Rally
Stock markets in India are trading higher taking cues from their Asian peers, which rebounded today following a strong lead in Wall Street. The gains came after a Thursday rebound in US markets, with a string of positive news ranging from strong corporate earnings to reports of a revival in US-China trade talks all boosting investor sentiment. […]
Spotlight On Emerging Markets And US Treasuries: Are Bonds Sending A Signal?
The emerging market trade has blown up. An “everything bubble” disaster awaits. Meanwhile, what about treasuries? Via Email, Albert Edwards at Society General discusses Emerging Markets. Turkey has discovered that high and rising foreign-denominated debt never sits well with a huge current account deficit and a reluctance to raise interest rates. The problem though is […]
Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – Friday, August 17
The US Dollar dropped from its highs but remains strong. What’s next? Here are the levels to watch. Here is their view, courtesy of eFXdata: EUR/USD: Bearish (13 Aug 18, 1.1400): Room for further weakness in the coming days. We have held the same view since Monday (13 Aug, spot at 1.1400) that there is […]
Crude Oil, Gold Prices Edge Up As Market Turmoil Cools. Now What?
Commodity prices corrected broadly higher amid a recovery in risk appetite, as expected. Crude oil and gold prices rose in tandem following news that China’s Vice Commerce Minister will travel to the US to restart talks following a round of tit-for-tat tariff hikes, cooling worries about further trade war escalation. That lifted the spirits of investors previously battered by emerging market […]
AUDUSD Daily Analysis – Friday, August 17
AUDUSD is facing 0.7283 resistance. A clear break of this level would indicate that the downside movement from 0.7453 had completed at 0.7202 already, then the pair would find next resistance level at around 0.7350. On the downside, as long as 0.7283 resistance holds, the downtrend could be expected to resume and further decline to […]
Sensex Opens 220 Points Higher; Metal & Realty Stocks Gain The Most
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.5% while the Hang Seng is up 0.5%. The Shanghai Composite is trading down by 0.2%. US stocks closed higher on Thursday on renewed hope that a resolution to a trade dispute with China could be on the horizon. Investors also […]
The Problem With Historical Illustrations Of Free-Banking Systems
Neo-banking authors devote strong efforts to historical studies which they intend to support the thesis that a free-banking system would protect economies from cycles of boom and depression, owing to the “monetary equilibrium” mechanism. Nevertheless, the empirical studies produced thus far have not focused on whether free-banking systems have prevented credit expansion, artificial booms, and […]
Is Gold Now Finally Due For A Bounce?
Jordan Roy-Byrne and I discuss the recent gold and GDX action that sliced through some key resistance levels. Jordan had a short on the mining stocks but has since closed out that position and is not waiting for that bounce to come. (Audio length 00:14:19)
3 Under-The-Radar Retail Stocks To Buy As Sector Surges
The retail sector has been all over the news this week, with many of the major players reporting their latest earnings results, and on Wednesday, the Commerce Department added more fuel to the fire by showing that retail sales increased 0.5% in July. Various retailers have posted impressive results, driven by rising sales to consumers […]
