Thursday, August 10, 2017
USDCHF Failed To Break Channel Resistance / Currencies / Forex Trading
By: Franco_Shao
USDCHF pulled back from 0.9772 to as low as 0.9611 after approaching the top resistance trend line of the price channel on its daily chart, indicating that the pair remains in the downtrend from the December 2012 high of 1.0343.
Thursday, August 10, 2017
The Strange Fall of the US Dollar / Currencies / US Dollar
By: Dan_Steinbock
As the exuberant Trump White House has been mugged by realities, US dollar is plunging to record lows.What a difference a year makes! Last November, US dollar hit its 13-year high. According to the US Dollar Index, which measures the currency against a basket of six other major currencies, the greenback soared to a peak of 103. By early August, US dollar is struggling around less than 93.
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Thursday, August 10, 2017
SPX Confirmed Sell Signal / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX is trying to make another test of the Short-term resistance at 2474.94. From there it should go down hard. Be Time to add shorts. Normally I wouldn’t recommend going 100% short until a trendline is crossed. But there’s enough confidence in the signals to go at least 50%.
Thursday, August 10, 2017
Really Bad Ideas - Government Debt Isn’t Actually Debt / Interest-Rates / US Debt
By: John_Rubino
The failure of fiat currency and fractional reserve banking to produce a government-managed utopia is generating very few mea culpas, but lots of rationalizations.
Strangest of all these rationalizations might be the notion that government debt is not really a liability, but an asset. Where personal and business loans are bad if taken to excess, government borrowing is not just good on any scale, but necessary to a healthy economy. Here’s an excerpt from a particularly assertive version of this argument:
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Thursday, August 10, 2017
North Korea Nuclear War Threat - It's Time to Support Your President / Politics / US Politics
By: Raul_I_Meijer
A Guardian headline today shouts: “Trump Has Taken Us To The Brink Of Nuclear War. Can He Be Stopped?”. And I’m thinking that is such obvious nonsense, how dare you print it? The North Korea nuke build up has been going on for decades, and neither Bill Clinton nor George W. Bush nor Obama ever took any decisive actions against it. And now it all falls into Trump’s lap. But that doesn’t mean he’s ‘taken us’ anywhere at all. The last thing Trump wants is this.
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Wednesday, August 09, 2017
Gold Sees Safe Haven Gains On Trump “Fire and Fury” Threat / Commodities / Gold and Silver 2017
By: GoldCore
– Gold climbs amid rising risk on US and North Korea
– Trump threatened North Korea with ‘fire and fury like the world has never seen’
– North Korea says prepared to strike the US territory of Guam
– North Korea said US exercise ‘proves that the U.S. imperialists are nuclear war maniacs’
– Heated rhetoric likely to support gold for rest of the week
Wednesday, August 09, 2017
SPX Bounces Off Brexit Trendline / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX bounced off its trendline possibly completing a Wave (i) decline. The bounce may take it back to Short-term resistance at 2474.92. A failure here may have some profound implications, so we use the bounce to add short positions.
Alternatively, this morning’s gap may not be filled. If so, the trendline at 2462.00 gives us another chance to add short positions.
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Wednesday, August 09, 2017
Why Is The Stock Market Not Trading On Fundamentals Lately? / Stock-Markets / Stock Market 2017
By: Avi_Gilburt
Last week, I noted that as long as the market maintains support over 2450SPX, we still have potential to strike the 2500SPX region before we see a top to wave (3). Currently, the market has maintained such support, so I must maintain my expectations.
“The market is just not trading on fundamentals.”
“The stock market is detached from the reality of the economy.”
“Eventually, fundamentals will matter again.”
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Wednesday, August 09, 2017
USD/CAD - Can We Trust This Breakout? / Currencies / Forex Trading
By: Nadia_Simmons
Yesterday, the U.S. dollar rose against its Canadian counterpart, which pushed USD/CAD above the upper border of the declining wedge, but can we trust this breakout?
Wednesday, August 09, 2017
EURJPY Dropped Sharply to 128.70 / Currencies / Euro
By: Franco_Shao
EURJPY dropped sharply to as low as 128.70 after breaking below a major support trend line at 130.35 on its 4-hour chart. Further decline is still possible in a couple of days.
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Wednesday, August 09, 2017
New Monthly Rebate to Help Reduce Your Trading Costs / Stock-Markets / Spread Betting
By: FinancialSpreads
Financial Spreads have started a new monthly rebate scheme called 'Trader Rebate'.
This gives clients a rebate, up to 20%, on their trading costs every month. Read full article... Read full article...
Wednesday, August 09, 2017
London Tree Officer Criticises Sheffield City Council Over Felling of Thousands of Healthy Trees / Local / Sheffield
By: N_Walayat
London Tree Officer, Ian Dalton in an open letter to Sheffield City Council criticised the councils campaign of misinformation in respect of the felling of thousands of healthy tree's that has prompted thousands of Sheffielders to campaign against the felling's, resulting in many ordinary people being taken to court by an increasingly dictatorial council.
Wednesday, August 09, 2017
Dow 22,000 Struck - How Much Higher Can It Go? / Stock-Markets / Stock Market 2017
By: Submissions
Mike Golembesky writes: I have now been writing for several weeks now that I was looking for an ideal shorter-term target zone of the 21,971 -22,429 zone on the Dow Jones Industrial Average prior to seeing a top in the index. Last week the Dow moved over 22,000 for the first time and is now trading right in the middle of that target zone. Additionally, the path up to this zone since the May 17th low has been exceptionally smooth having seen a tight grind to these higher levels.
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Wednesday, August 09, 2017
Stock Market Divergences Are Now Appearing! / Stock-Markets / Stock Market 2017
By: Chris_Vermeulen
The loss, of the leadership of the banking and financial sector, BKX ETF, is now a major warning signal which is what is required in order to move the SPX much HIGHER, at this time!
Tuesday, August 08, 2017
Is Inflation an issue or did the Fed Mess Up? / Economics / Inflation
By: Sol_Palha
Bankers know that history is inflationary and that money is the last thing a wise man will hoard.
William J. Durant
The Fed has been trying to create the illusion that inflation is an issue. The guys from the hard money camp also maintain that inflation is an issue and to a point they are right. Their definition of inflation is an increase in the money supply. The Fed, on the other hand, defines inflation as an increase in prices. The real definition of inflation is an increase in the money supply; rising prices are just the symptom of the disease. This article from mises.org summarises this concept quite succulently
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Tuesday, August 08, 2017
US Companies Are More Indebted, More Leveraged, Less Profitable, and Yet Better Valued Than Ever / Companies / US Debt
By: John_Mauldin
Once again I start with a warning: A recession is eventually coming and a financial crisis with it. There is a real potential for it to come soon, although serious tax reform could delay it.
But sooner or later, the pressures of too much government debt and too many government promises, plus growth that is continually grinding slower, will break out into a recession.
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Tuesday, August 08, 2017
Crude Oil Price Important Levels to Watch / Commodities / Crude Oil
By: Nadia_Simmons
On Friday, light crude moved higher and gained 1.12%, which resulted in a comeback above the previously-broken 200-day moving average. Is it enough to encourage oil bulls to act in the coming week?
Tuesday, August 08, 2017
Sen. Hatch: Those Opposing More US Debt ‘Don’t Deserve to Be Here’ / Politics / US Debt
By: MoneyMetals
Republican leaders in Congress, with the urging of Treasury Secretary Steve Mnuchin, are anxious to raise the federal borrowing limit from $19.8 trillion – no strings attached.
The only hitch is those pesky conservative voters who were promised restraint by party leaders. GOP establishment hopes to quietly pass a “clean” bill to raise the debt ceiling – a direct betrayal of that voter base – don't currently enjoy enough support from other Republican members who still consider themselves accountable. So, a deal with the Democrats beckons.
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Tuesday, August 08, 2017
Top 3 Technical Trading Tools Part 1: Japanese Candlesticks / InvestorEducation / Learn to Trade
By: EWI
"I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and for taking a trade; making a trading decision."
I recently asked Trader's Classroom editor Jeffrey Kennedy to name 3 of his favorite technical tools (besides the Wave Principle). He told me that Japanese candlesticks, RSI, and MACD Indicators are great methods to support Elliott wave trade setups.
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Tuesday, August 08, 2017
The Case for SPX 2265.22 by August 14th / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
In the following charts, I present the case for SPX 2265.22 by August 14th, 2017. That is only one week away and would knock about 8.5% off the major average.
I use astrology, Gann & Hurst Cycles, E-Wave and charting techniques to prove my point.
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