In the immortal words of Salt-N-Pepa ‘Let’s talk about stocks, baby!’
Nothing seems to be able to keep stocks indices down. Trump has sent the war cry as he enters a new election campaign (I have had to scroll back for 5 minutes through only two days of tweets to find it!)
‘ The Trump Economy is setting...
Why is EURUSD correcting lower after such an impulsive breakout?
Firstly, we have nothing in the way of major economic releases or ‘news bombs’ to send the major currency pair in either direction.
After an aggressive turnaround in stocks, we have seen the market relatively flat this week as we consolidate...
The Swiss National Bank left rates unchanged again at -0.75%. Thomas Jordans (Chairman of the SNB) comments were:
Risk of renewed upward pressure on the Swiss franc is high, the situation on forex market fragile.
It costs more to hedge against Swiss franc appreciation than against its...
The monthly chart has confirmed completion of a 5 wave impulsive move and price action continues within a rare and complex expanding triangle formation.
The bearish engulfing candle on this chart will be confirmed in the next 48 hours.
The daily chart shows a head & shoulders formation with prices currently testing the neckline.
A clear break and close below this...
I have opened a long position on the horizontal support that Bitcoin is holding at $6577, which coincided very nicely with the top of Wave 1. Elliott Wave - Wave 4 cannot move into Wave one's region, so it was a very nice risk to reward ratio long for me with stops just below Wave one's top. I will be holding this long(keeping a close eye on it of course) up to a...
Weekly update on the major US equity markets using the S&P500 E-mini futures index.
Stay tuned! There should be more to come
The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept...
My current feeling is quite bullish in the short term, we have seen some fairly strong impulse waves up with small retracements back into finonacci's golden pockets. I am expecting resistance to be met at around $9600 and then another retracement back to around the $8700 - $8800 area. Hoping for a big push to the 10k target zone!
This is obviously not financial...
While the consensus is very much that the MPC will keep rates unchanged at Thursday's meeting, there is a risk that some of the more hawkish members will point to the rise in earning's growth, which although still in negative territory in real terms, is now moving in the right direction. If inflation starts to flatten out as the exchange rate effects pass...
There looks to be a general consensus among forecasters that the weather will play a key part in job creation, which may hamper numbers to some degree. That said, the volatility in the monthly job gains has notable, ranging inside 150-250K, though inside these levels, the Fed will be content in maintaining their program of gradual rate increases through the year....
EURUSD and GBPUSD
Big day for the two with the ECB and BoE meetings
This was my preview before the event-
* All policy change effected in the year so far, so no more expected in the foreseeable future.
* Next move will be to signal an end to the APP program, which is set to run until Sep 2018 at a reduced Eur30bln, but remains open ended as...