The Australian dollar enjoys a “risk-on” sentiment and it has reasons to rise. The pair is eyeing a high resistance. The relative dovishness expressed by the RBA seems to have been forgotten. Yellen’s relative caution replaced it. The Fed Chair said they are “closely monitoring” inflation. developments despite her optimism and sense that the current weakness is due to temporary factors. The response to Yellen’s comments was somewhat hesitant, but now the Aussie begins taking advantage of it. Australia’s No. 1 trading partner released its trade balance figures. These showed that the world’s No. 2 economy has increased its im...
Audio Length: 01:10:28 Up until recently, James King was the Performance Director at a commodity trading firm in London, Mandara Capital. And it was here that he implemented scientific methods to stack probability in the favor of success—by using techniques he learned from his education in Applied Sports Science and Performance Psychology. Now, James is setting out on a new venture, Project Thor, which aims to support talented retail traders with extra capital and other beneficial resources—which we discuss briefly towards the end of the episode. But for the most part, we cover… Topics of discussion: Identifying principals which allow...
U.S. National Debt continues to rise and many investors are afraid. This fear is nothing new; it has been around for decades. Is it rational for equity investors to fear rising debt levels? Let’s take a look. First, some background. Since 1966, the U.S. National Debt has risen in each and every calendar year. Through Democrat and Republican administrations – the one constant has been more debt – from $320 billion in 1966 to nearly $20 trillion today. With a current budget deficit north of $600 billion, the national debt clock continues to tick higher. National Debt as a percentage of GDP is moving higher as well, most recently coming ...
After opening the day on a strong note, the share markets in India continued to witness buying interest. Barring PSU stocks, oil & gas stocks and metal stocks, all sectoral indices are trading in green, with stocks in the FMCG sector & capital goods sector leading the gains. The BSE Sensex is trading higher by 237 points (up 0.7%) while the NSE Nifty is trading higher by 63 points (up 0.6%). The BSE Mid Cap index and BSE Small Cap index are trading up by 0.3% & 0.4% respectively. Gold prices, per 10 grams, are trading at Rs 27,914 levels. Silver price, per kilogram is trading at Rs 36,973 levels. Crude oil is t...
Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets, and can work in flat or choppy markets, but you need to avoid the technique during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date. The actual dividend may ...
The short-term flipped to an uptrend yesterday. I will wait until Saturday to review the medium-term, but 11 of the 47 ETFs that I track closed at new highs today. So, it is hard to make the case that the current medium-term market trend is negative This chart of the institutional index looks like it is headed higher again. Most of the other major indexes have a similar look in their charts. This chart does a decent job showing the short-term trend. The Leader List Emerging Market ETFs are red hot. Technology and Momentum stocks are regaining their strength. Materials look like they could be a leader again soon. It was a broad-based rally tod...
The Brookings Institute says Auto slowdown Flashes Caution Lights for Manufacturing Employment and Trump. A switch to self-driving, trends towards electric, and a glut of used cars are all in the spotlight. After seven years of strong growth following the 2008 economic crisis and federal bailouts of both General Motors (GM) and Chrysler (FCAU), auto sector output and employment growth have slowed markedly from record levels. Years of catch-up purchases by car buyers have finally plateaued. Likewise, automakers must economize to invest billions in developing the electric and self-driving cars of tomorrow. And so the layoffs have begun. Last f...
Although for the last two days gold and silver regained some ground but, generally, precious metals investors feel a lot of pain this year. For example, on July 10 the silver was trading at this year’s lowest level so far. However, it looks like lower prices of silver attracted a bunch of investors who started aggressive accumulation of this metal. The chart of SLV looks very promising: Source: Simple Digressions As the chart shows, July is an exception. Generally, Western investors buy silver when its prices are going up. And vice versa. However, in July SLV added as many as 9.4 million ounces of silver at lower prices than those...
Yesterday’s signals were not triggered as there was no bullish price action at 1.1461. Risk 0.75%. Trades may be entered before 5pm London time today only. Long Trades Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1409 or 1.1382. Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 20 pips in profit. Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride. Short Trade 1 Go short following a bearish price action reversal on the H1 time frame immediately upon th...