Bitcoin, Ethereum, Litecoin – The Crash Continues The graphs below highlight this week’s heavy selling pressure in the crypto-currency market. After the slew of bad news at the start of the week – the market continues to drop, falling through technical
September 14, 2017
USDCAD’s bounce from 1.2061 extended to as high as 1.2219. Further rally is still possible in a couple of days and the target would be at the bearish trend line on the daily chart now at 1.2515. However, as long as the
Biotechnology is a stock market leader in recent months but is bumping into heavy resistance now. That could have serious implications for broad stock markets. After reaching all-time highs in 2015 the biotech sector corrected 40 percent. As it mostly
United Natural Foods, Inc. (UNFI), a natural, organic, and specialty foods and non-food products company yesterday reported their fiscal fourth quarter 2017 financial results. United reported adjusted fourth quarter earnings of $0.72 per share which beat analyst expectations of $0.69 per share.
The cross continues to hold on to its downside pressure selling-off on Thursday and opening the door for more weakness. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose
This week we have the Hurricane Harvey and Irma affect. The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 285 K to 320 K (consensus 300,000), and the Department of Labor reported 284,000 new claims. The
Here’s a type of chart you don’t see often. Below we show the performance of the Bitcoin Investment Trust (GBTC), which is meant to track (although doesn’t do a particularly good job of if) the performance of the digital currency
Iconic brands can often make for solid long-term dividend growth investments, thanks to the wide competitive moats and strong pricing power that are created by brand loyalty. In fact, Warren Buffett’s dividend portfolio consists of a number of companies with extremely well-known brands,
EUR/USD is pressured but that does not mean that the euro cannot advance against other currencies. Here is the view from ABN AMRO: Here is their view, courtesy of eFXnews: ABN AMRO FX Strategy Research makes the case for further EUR
A few minutes ago the Shanghai Gold Exchange released its August report. The chart below is especially impressive: Source: Shanghai Gold Exchange As the chart shows, the Chinese demand for silver was the highest this year. In August the
