USD/JPY moved sideways in a trading range between 104.63 and 107.90. As long as 107.90 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 114.73 and another fall towards 102.00 is still possible after the consolidation. On the upside, a breakout of 107.90 resistance would indicate that the downtrend had…
Greg Ip, Chief Economics Commentator at the WSJ, recently had some thoughtful comments on the national debt: “There are at least two reasons [the growing debt] matters. First, when the next recession hits, the U.S. may want to open the fiscal taps but instead have to do the opposite as tax collections sink and deficits…
Bitcoin could still reach $50,000 USD in 2019 but it has to clear a few important resistance levels. And very soon. We still maintain our (very) long term Bitcoin price forecast of $160,000 and believe that in 2019, we might see Bitcoin Price reach $50,000 or cross above. Our article today will cover the three factors that could send Bitcoin…
The Dow Jones was up for the week with its BEV plot below closing above its -10% line. Nothing wrong with that as it enters its third month correcting from its last all-time high of 26,616 of January 26th. As double digit corrections go, this one has been a fairly wimpy one – so far….
The financial crisis and the massive federal response reshaped the world we live in. Or did it? The Wall Street Journal has an interesting infographic series of 25 charts entitled 10 Years After the Crisis. Here’s eight of the 25. Median Income Barely Up Forget averages. The median is what counts most. Real median wages fell…
The EUR/USD pair continues to hold on to its downside as it looks to extend its correction. On the upside, resistance comes in at the 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose…
The US dollar has been very choppy against the Canadian dollar during trading over the month of March, initially breaking above the 1.30 level, but being turned around completely to form what could be looked at as a two-week shooting star. I think at this point, if we can break above the 1.31 level, that…
What do you do if your fund’s index is shrinking? This is the dilemma that many retail investors in MLP-dedicated mutual funds and ETFs will be confronting in the months ahead. The trend for MLPs to simplify by combining with their corporate General Partner (GP) is well established. The recent Federal Energy Regulatory Commission (FERC)…
The Canadian economy expanded 3% for all of 2017, which was the fastest rate of growth in six years. Real final domestic demand mirrored the total economy and advanced 3% last year. Nonetheless economic growth decelerated sharply in the last two quarters of 2017. At annual rates real GDP expanded 4% in Q1 and 4.4% in…
Below is a brief recap of last week’s price projections and the price targets for next week. The Euro continues trading in a narrow range and after reaching the weekly upside target reversed and broke below the CIT Cloud. Average up/down swing duration 5/3 days. The trend remains neutral and the projected price range for…
