Latest Posts

  • Finance 0

    CHF/JPY Bullish Elliott Wave Sequence

    In this article we will take a look at the Elliott Wave structure of the CHF/JPY pair since the low on April 16. The move up from April 16 (107.67) to May 25 (115.16) was in 7 swings and completed wave (W), then we saw the pair pull back from the highs. Below is the 480 minute chart presented to clients on June 11 where we were looking for pair to end the correction in 112.87 – 111.52 area and resume the rally for new highs. CHF/JPY 11 June 480 minute chart       CHF JPY 30 June 480 minute chart   The pair found buyers in the blue box between 112.87 – 111.52 and rallied to new highs as expected. With the latest rally from 112.46 – 1...
    On July 2, 2017 / By
  • Finance 0

    Tech Trifecta: 3 ETFs For 3 Top Tech Trends

    Technology continues to change our lives – mostly for the better. Whether it is advances in medical care like less invasive surgery, cheaper and better energy production via hydraulic fracturing, on-shoring more manufacturing via robotics, or improving the safety of our automobiles, aircraft and other modes of transportation, technology is everywhere around us and everywhere having an impact. Many of the companies investing the most in technology are not considered “tech companies” because they are on the leading edge of technology uses well beyond Silicon Valley. Innovation is where you find it. For me, limiting my interest to “Inter...
    On July 2, 2017 / By
  • Finance 0

    Bank Of England Acts Over Bad Loan Risk

    As reported earlier, UK household debt levels are now running close to their pre-crisis values. The UK is sailing uncharted and probably stormy waters as it edges ever nearer to leaving the EU with no guarantees about the trading relationship with its major export partner. A betting man would suggest that economically, things are set to get worse. Inevitably, this could see higher interest rates and borrowing costs in a bid to calm inflationary pressure, but it may also lead to a recession with potentially significant job losses as UK based, European and global firms come to grips with the new reality. Such an eventuality would lead to an ups...
    On July 2, 2017 / By
  • Finance 0

    GBP/USD Forecast July 3-7

    GBP/USD soared last week, gaining 250 points. The pair closed at 1.3015, the first weekly close above the 1.30 level since May. This week’s highlights are the PMI reports. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD.   The pound jumped after BoE Governor Mark Carney left open the door to interest rate increases, in comments made at the ECB forum in Portugal. British Final GDP weakened, posting a small gain of 0.2%. Still, this matched the forecast. In the US, Final GDP in Q1 was revised upwards to 1.4%, above the estimate of 1.2%. In the US, the Fed sounded more skeptical about inf...
    On July 2, 2017 / By
  • Finance 0

    How To Play The Market In The Second Half

    The stock market is still hovering near record highs following its performance in the first half of 2017. Can this be sustained in the second half? Many analysts and investors are concerned about how stocks can continue to move higher from here. This concern was also publicized by Goldman Sachs in a recent letter to clients and an article in the Wall Street Journal. I agree with this discussion as investors must identify a new strategy to compound returns to continue to capture income in the rest of 2017. Goldman Sachs told clients that the environment is more difficult for picking stocks of quality companies, and as a result investors should...
    On July 2, 2017 / By
  • Finance 0

    E ProShares Is Doing “The Splits”: What This Means For Volatility Investing Strategies

    With each passing week, month and year, Volatility ETPs have become more and more popular. This was no more greatly evidenced than with last week’s volume indicator for certain of these ETPs, especially those offering double-leverage. But I’ll get back to this point in a moment as there are more pressing matters to discuss.  It’s coming, again. Last week ProShares announced yet another forward and reverse split for several of its ETFs.     As it pertains to the maintenance of these instruments, the funds will trade at their post-split prices on July 17, 2017. The ticker symbols and CUSIP numbers for the funds will not change. I tend...
    On July 2, 2017 / By
  • Finance 0

    6 New Hot ETFs Of First-Half 2017

    Thanks to the rise in “thematic investing” and craze for “smart beta”, the ETF industry is seeing explosive growth in terms of both AUM and launches. After 246 launches last year, the industry has seen 101 launches so far in the first half of 2017, taking the total number of ETFs to 2,041 and total assets to nearly $3 billion in the U.S. market (read: Global ETFs Gather $4 Trillion AUM: What’s Behind the Boom?). This rapid growth is due to unique strategies, creativity, transparency, diversification benefits, enhanced tax competences, low turnover and low cost. Additionally, both existing and new issuers remain active in bi...
    On July 2, 2017 / By
  • Finance 0

    Forex Ranking, Rating And Score For Week 27 / 2017

    The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the EUR(3X) with the CAD(3X) followed by the NZD(2X). The weaker currencies are the JPY(4X) with the USD(4X) followed by the CHF(2X). A nice combination for coming week might be: EUR/JPY with the NZD/USD CAD/JPY with the EUR/USD USD/CAD with the NZD/JPY Ranking and Rating list All the relevant Time Frames will be analyzed and the ATR and Pip value will be set. For analyzing the best pairs to trade looking from a longer-term perspective the last 13 weeks Currency Classification can be used in support.Thi...
    On July 2, 2017 / By
  • Finance 0

    EUR/USD: Rallies, Remains On Bullish Offensive

    EUR/USD: The pair closed higher on a rally the past week leaving risk of price extension on the cards. Resistance comes in at the 1.1500 level with a cut through here opening the door for more upside towards the 1.1550 level. Further up, resistance lies at the 1.1600 level where a break will expose the 1.1650 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1400 level where a violation will aim at the 1.1350 level. A break of here will aim at the 1.1300 level. All in all, EUR/USD faces further upside pressure....
    On July 2, 2017 / By
  • Finance 0

    British Pound: Resistance At 1.30 To Come Under Further Pressure

    Fundamental Forecast for GBP: Neutral For some, last week was a game-changer for the British Pound after remarks from Bank of England Governor Mark Carney that they interpreted as being hawkish sent it higher. However, his language was ambiguous and GBPUSD still has a major hurdle to jump on the upside: the 1.30 resistance level. For the British Pound, last week was dominated by comments from Bank of England Governor Mark Carney, whose remark that “some removal of monetary stimulus is likely to become necessary” was interpreted as bringing closer an increase in UK interest rates. What took the markets by surprise was that just the wee...
    On July 2, 2017 / By