Month: November 2018

Well weeks never end with Bitcoin but price is lower today The price of Bitcoin on Coinbase is ending the week on a weak note.  The price on Wednesday and Thursday reached above the 100 (blue line) and 200 hour MA (green line in the chart below). Staying above would be more bullish.  However, the
100 hour MA and trend line risk levels now The USDJPY has pushed to new highs and in the process has reached the swing area target at 113.649-699.  Earlier this week, the price did move above that level, only to move back below and reestablish the level as resistance (see red circle 8) after more
Paul Ferley, Assistant Chief Economist at RBC Capital Markets, points out that GDP growth slow down during the third quarter and details suggest further slowing in the fourth quarter.  Key Quotes:  “Canadian Q3 GDP growth moderated as expected to 2.0% from the 2.9% gain recorded in Q2 though with the details suggesting a further slowing
That’s getting up there There are reports of a 7.0 magnitude earthquake in southern Alaska.  The USGS reports. In response, there are tsunami warnings that have been put into effect.  There is some conflict as to the magnitude. From the USGS, the magnitude is 6.7. It is centered around Anchorage. ForexLive
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Chinese media report the country is to cut gasoline, diesel prices I posted earlier on the PMIs: Even earlier than that I posted a real quickie preview in which I highlighted some of the stimulus measures being taken, add this fuel price cut to that list. Did someone say Fuel? [embedded content] more to come
USD/CHF sees intraday support from the 50-period moving average near 0.9960, though some sideways action remains on the table after falling out of a firm bull run on Thursday. USD/CHF, 15-Minute Hourly candles show the pair trying to hold onto a bullish stance despite Thursday’s decline, trying to edge out further lift after knocking into
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Major indices are now positive The major stock indices have turned positive after the FOMC meeting minutes. The S&P is up 4.33 points or 0.15% at 2747.92 The NASDAQ is a 14.7 points or 0.2% 7306 The Dow industrial average is up 49 points or 0.11% 25415 for the NASDAQ index the price after trading
How bad could car tariffs hit? Tariffs could come as soon as next week on all auto imports to the US, excluding Canada and Mexico. Europe would be particularly hard hit, especially German auto makers who wilted on the news. In the bigger picture, Barlcays estimates that US tariffs would cut EU growth to 1.2-1.3%
Oil Talking Points Crude snaps back from a fresh yearly-low ($49.44) as Reuters reports that Russia and Saudi Arabia are in discussion to curb production, and recent developments may foster a larger rebound in oil prices as the Relative Strength Index (RSI) appears to be on the cusp of flashing a textbook buy-signal. Oil Price