Latest Posts
-
Finance 0
Euro Strength Despite Dovish Draghi: ECB Projections To Set The Tone
Fundamental Forecast for Euro: Bullish Euro Resilience to Persist as Market Behavior Continues to Shift. EUR/USD Reaches New Highs as NFP Misses Expectations. The Euro played a key role in a number of the DailyFX Top Trading Opportunities for 2017. Please click here to access our trading guides, completely free of charge. IG Client Sentiment is currently short in EUR/USD by a tune of more than 3 to 1; and with retail sentiment being a contrarian indicator, this is bullish. The European Central Bank meets for a rate decision to be announced this upcoming Thursday. As has become usual around these announcements, there is little expectation ... -
Finance 0
Euro Strength Despite Dovish Draghi: ECB Projections To Set The Tone
Fundamental Forecast for Euro: Bullish Euro Resilience to Persist as Market Behavior Continues to Shift. EUR/USD Reaches New Highs as NFP Misses Expectations. The Euro played a key role in a number of the DailyFX Top Trading Opportunities for 2017. Please click here to access our trading guides, completely free of charge. IG Client Sentiment is currently short in EUR/USD by a tune of more than 3 to 1; and with retail sentiment being a contrarian indicator, this is bullish. The European Central Bank meets for a rate decision to be announced this upcoming Thursday. As has become usual around these announcements, there is little expectation ... -
Finance 0
AUD/USD Forecast – June 5-9
AUD/USD was unchanged last week, closing at 0.7439. This week’s key events are Private Capital Expenditures and Retail Sales. Here is an outlook of the major market movers and an updated technical analysis for AUD/USD. Australian Retail Sales posted a strong gain of 1.0%, easily beating the estimate. In the US, Nonfarm Payrolls was dismal, as the gain of 138 thousand was well below expectations. This weak reading allowed the Aussie to recover and hold its own against the US dollar last week. Updates: AUD/USD daily graph with support and resistance lines on it. Click to enlarge:... -
Finance 0
AUD/USD Forecast – June 5-9
AUD/USD was unchanged last week, closing at 0.7439. This week’s key events are Private Capital Expenditures and Retail Sales. Here is an outlook of the major market movers and an updated technical analysis for AUD/USD. Australian Retail Sales posted a strong gain of 1.0%, easily beating the estimate. In the US, Nonfarm Payrolls was dismal, as the gain of 138 thousand was well below expectations. This weak reading allowed the Aussie to recover and hold its own against the US dollar last week. Updates: AUD/USD daily graph with support and resistance lines on it. Click to enlarge:... -
Finance 0
Gold & Silver Still The Leaders In 2017
Recall the Monty Python line “A minute passed quickly past”? ‘Tis how the year 2017 feels to us. The geometrically-increasing pace of unrelated, and moreover, unimportant items beset upon us on a daily basis is blurring the very passage of time itself. Indeed, 99% of what now passes for “news” doesn’t affect us a wit, nor is about which we even need know, let alone give a derrière du rat. Health & wealth, friends, family & self, (and yes the Yankees’ score too), and we’re good to go. Oh and yes, the price of Gold. The above opening panel does show us Gold being ahead of where ’t... -
Finance 0
Gold Forecast: Sunday, June 4
The gold market was rather volatile last month. Prices dropped to the critical $1215 level, the confluence of a horizontal support and a medium-term bullish trend line, but ultimately found strong support there to climb all the way back to the $1271.50-$1269 area, leaving a long lower shadow on the monthly candle. The weakness in the dollar, political uncertainty in Washington and worries over the UK general election have recently bolstered demand for the precious metal. The UK will have a general election on 8 June and the latest polls shows that the gap between the two major parties is narrowing. After the elections market players will turn... -
Finance 0
Market In Review: Markets Overcome Weak Nonfarm Payroll Report
? S&P, Nasdaq, FTSE 100, DAX rally Thu-Fri, setting new all-time highs ? May Nonfarm Payrolls fails to meet analyst 182K expectations, managing a meek 138K job gain ? Markets still eye June 14th Fed hike ? USD to devaluates 0.6% vs. EUR on Friday, 0.9% vs. JPY on lowered Fed policy outlook ? Oil declines to USD 47.7 on indications for firming U.S. drilling Reviewing solely the markets’ charts during the last week or so, one is likely to conclude that optimism is still the prevailing force in the market. The S&P 500, in particular, is up about 1.1% between Thursday and Friday, securing yet another all-time closing high of 2,439.07 p... -
Finance 0
Weekly Economic & Political Timeline – Sunday, June 4
There are again relatively few high-impact news items scheduled this week, compared to last week. However, very important central bank input is due from the European Central Bank, as well as from the Reserve Bank of Australia. A General Election will be held in Britain on Thursday and as results come in at the end of the day, there will probably be some turbulence in the British Pound which could spill over into other markets. The market will probably be most active on Thursday and Friday. Monday is a public holiday in Germany, France, Switzerland and New Zealand. U.S. Dollar It will be a relatively quiet week for the greenback starting on Mo... -
Finance 0
Mutual Funds Versus Hedge Funds: Where They Agree And Disagree
Recently, I wrote some stuff about hedge funds and mutual funds. If that’s the kind of thing you’re into (or if you want to read about hookers, groupies, Xanax, cocaine, and Maseratis) you should check out these two posts: Hedge Funds Are Still Trailing The S&P And Cocaine Ain’t Gettin’ Any Cheaper 2/3 Of Growth And Value Funds Are Beating Their Benchmark. Guess Why… The overall message you’ll get if you peruse those is that fund managers of all stripes are kinda throwing in the towel on trying to beat benchmarks. Well, that’s not 100% accurate and indeed, some people would try to say it’s not accurate at all. But what t... -
Finance 0
Stocks Aren’t As Expensive As You Think
With the stock market at or near all-time highs, very few new investors have felt the desire to jump into the melee. I certainly don’t blame them for thinking so, after all, the old adage always says to buy low and sell high. So wouldn’t you expect far more people to be selling right about now? Eh, why sell when you can ride this gravy train even higher. Wall Street analysts have gradually come to the conclusion that stocks are currently overvalued and the market is very fragile (especially given the state of terrorism in the world, and how new world leaders are all over the political spectrum). However, in recent weeks, an arti...
Top Posts
-
The Importance for Individuals to Use Sustainable Chemicals
-
Small Businesses: Finding the Right Candidate for the Job
-
How to Write the Perfect Thank You Letter After Your Job Interview
-
3 Best Large-Cap Blend Mutual Funds For Enticing Returns
-
China suspected in massive breach of federal personnel data
