Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1762. According to the 15M time -frame, I found a breakout of the upward trendline, which is a sign that buying looks risky. There is a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice […]
Comments from speech Repeal bill is essential and we will not allow it to be wrecked a «no deal» scenario is not what we seek The consequences of failure on Brexit talks are enormous Speaks the truth.The GBPUSD has rebounded to 1.32515 after testing support near 1.3214-16 (see prior post). The low reached
Not bad numbers Ford sales up 8.9% vs 2.3% estimate GM sales up 11.9% vs 7.9% estimate and just in: Nissan up +9.5% vs.-8.7% estimate Three better than expected sales results.
Can it stay above 112.815-93Looking at the 4-hour chart, the 112.815-93 area was a swing area that defined a break higher back in June/July. Last week there were two breaks above that area (yellow area). Each failed. Yesterday there was another break that failed. Currently we are in the midst of the 4th break higher and […]
That’s the bad newsThe Fiat Chrysler sales fot the month of September fell -9.7%. That is the bad news. The good news is the estimate was for a -13.0% decline. Weather is expected to have made an impact this month.
No comment on Fed chair future Wants to preserve the benefits of stress testing There is room to address the burden of the Volcker Rule that is put on some firms Wants to preserve gains from core of post-crisis reform Almost time on removing qualitative test from stress testing on large banks Regulators have significant […]
The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $4.241. Goldman Sachs may enter the cryptocurrency trading arena. Goldman Sachs interest in bitcoin started off with the firm discounting nearly every benefit the technology had to offer a few years ago. A couple of years down the line […]