Hello, traders and a good day. Today, let us take an Elliot wave perspective and take a look at GBP/USD and its 4h time frame. On the 4h chart of GBP/USD, we can see that cable can be trading in a bigger five-wave bullish development. Specifically, we see price trading at the end of an…
Let’s investigate six reasons economists think inflation is about to pick in 2018 and why I think they are dreaming. Reason Number One – Wage Hikes Minimum wages rise in 18 states starting in 2018. Former Fed Vice-Chairman Stanley Fischer told Bloomberg TV on October 4, “I still believe we will have higher inflation. The basic mechanism here is…
Oil prices headed higher on Thursday, hitting two-and-a-half year highs, buoyed by political strife in Iran after the country’s Revolutionary Guard deployed forces to quell anti-government unrest in three different provinces. Tensions have been running high in the region since last week, with 21 casualties of the violence thus far. Also driving oil prices higher is the…
To see the full resolution version of this infographic that has higher legibility, click here. Steve Rabuchin, the VP of Amazon Alexa, has a vision. He dreams of customers having a conversation – not just with voice-enabled devices like the Amazon Echo, but with appliances, cars, and everything in between. Though that dream may not be…
Yesterday, the US dollar strengthened against other major currencies. The reason for this was the publication of the minutes of the Fed’s meeting in December and positive data on the index of business activity in the manufacturing sector of the US from ISM. The minutes showed that officials expect that the tax cut for companies…
Recently Gold and long-term bond prices have trended in the same direction. When bond yields declined, Gold gained. However, in the past few months Gold has held up well and performed as long-term bond prices move towards a potential major breakdown. (Video length 00:08:21)
Germany’s services sector expanded at the fastest pace in two years in December, according to the IHS Markit report released on Thursday. The Services PMI grew at 55.8 in December, up from 54.3 in November. This is the highest reading since December 2015. Growth was recorded across broad categories of the services sector: Financial Intermediation,…
Germany’s services sector expanded at the fastest pace in two years in December, according to the IHS Markit report released on Thursday. The Services PMI grew at 55.8 in December, up from 54.3 in November. This is the highest reading since December 2015. Growth was recorded across broad categories of the services sector: Financial Intermediation,…
Gold prices fell $4.48 an ounce on Wednesday, ending an eight-day streak of gains, as a rebound in the dollar and the market’s inability to penetrate the $1321 level prompted investors to book profits from a recent rally to a 16-week high. Strong gains in equities also sapped demand for the metal. European and Asian…
The new tax act, which was signed into law by President Trump on December 22, is the most comprehensive reform of the U.S. tax code in more than 30 years. The passage of the tax reform act will have a significant impact on the tax strategies of many Americans in 2018 and beyond. Here are…
