0.0 00 After the Bank of England(BOE) voted to leave rates the same, the British pound pushed higher against the dollar. The Monetary Policy Committee (MPC) voted 7-2 to keep rates the same. Technically speaking, the …
Read More »German Housing Prices Soar!
0.0 00 Article Summary: Housing prices in Germany soar higher, Home prices in Berlin, while still cheap, are up 40 percent since 2007. Real estate yields are more attractive to investors than the one percent yield …
Read More »Daily Technical Analysis: S&P 500 Breaks Higher
0.0 00 S&P 500 (1979.10) The market has shot higher and crashed through the technical level at 1963.75. We are now aiming for 1980.00 then 1985.30. A break there can test 1991.59. Alternatively, a break below …
Read More »Daily Forex Technical Analysis: The USD/JPY Nears the Range Top
0.0 00 The Dollar is at another key moment against the Japanese yen. The USD/JPY is now nearing the range top and there are no key signs of a reversal. We are looking for any bearish …
Read More »Forex Trading Strategy: The USD is Looking to Advance Against the Swiss Franc
0.0 00 USD/CHF (0.90730) The dollar is trying to move higher against the Swiss franc and resume its rally. We note a bullish hammer candlestick near its current price level than a move higher. A close …
Read More »Bitcoin Prices Take a Beating
0.0 00 Article Summary: Bitcoins has fallen to $450 after hitting a low of $310 on BTC-e. News no longer moves the price in this cryptocurrency. New regulatory efforts are hurting price action and the price …
Read More »Daily Market Technical Analysis: The Pound Looks for a Bottom
0.0 00 GBP/USD (1.67209) The Sterling is still trying to make an unconvincing move higher. We have a temporary low near 1.6658 however while below 1.6690, we remain unconvinced of any rally higher. We have gone …
Read More »Forex Trading Strategy: The Pound Tries to Move Higher
0.0 00 GBP/USD (1.67338) The GBP/USD found a bottom, formed a hammer and then moved higher. This comes after a Doji formed near 1.6661/.6660. This indicates a short term end to the recent downtrend as sellers …
Read More »Daily Market Technical Analysis: The S&P 500 Moves Lower
0.0 00 S&P500 (1960.90) The market declined sharply as we expected. We note the appearance of an evening star, which is typically bearish in nature then the market pulled back. We do see the strong technical …
Read More »Weekly Economic Recap: U.S. Economy Remains Uneven
0.0 00 Article Summary: There is still a lot of slack in the labor market especially with hourly average earnings. Consumers are not spending, especially on big ticket items. There is a softness in auto sales. …
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