The 2017 edition of the Jackson Hole symposium is officially over, and while central bankers disappointed markets by not providing any insight into their views on monetary policy (assuming they have any) they instead focused on market stability, and patted
August 27, 2017
GOLD: The commodity continues to face upside pressure as it looks to resume its upside pressure presently on hold. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further
Ethereum opened today’s Asian market with a bullish sentiment on the news that entrepreneur Mark Cuban’s team has launched an Ethereum-based mercury protocol. Based on the white paper released by the protocol’s developers, Mercury Protocol is designed as an alternative to
Back in April, we showed that according to a Goldman Sachs report, the current run of chronic active manager underperformance began shortly after the launch of QE in 2009. As discussed earlier today by Matt King in his report on “one-way” markets resulting
USDJPY continued its sideways movement in a narrow range between 108.60 and 109.84. Near term support is at 108.60, a breakdown below this level could take price to test 108.13 (Apr 17 low) key support. Resistance is at 109.84, above
The second quarter earnings reporting season has proved to be a difficult one for stocks. The earnings reports themselves have been strong. According to FactSet, S&P 500 companies have grown their second quarter earnings 10.2% year-over-year. This marks the best earnings
Here are three ideas I’m short (out of my 48 positions) that I found of special interest. First up is Acadia Pharmaceuticals, which is sporting a well-formed diamond pattern. If broken, this becomes a powerful reversal pattern. Next is Advanced Micro Devices.
Talking Points: S&P 500 remains in limbo; highlight event of the week will be NFPs DAX continues to coil, in danger of trading lower soon; Employment, CPI data FTSE 100 light week on the economic calendar, to follow risk trends; keep an eye on
This will be the first Labor Day of the presidency of Donald J. Trump, who came to office riding a wave of anti-establishment anger from average working people. No one can say they didn’t see it coming. By the time
