EUR/USD 4 hour The EUR/USD is building a bear flag chart pattern (blue/red) before the interest rate decision later today in the Euro zone., which will be communicated by the European Central Bank. A break below the support trend line (blue) could confirm a potential ABC correction (red). The ABC correction (red) is invalidated if price breaks above the 138.2% Fib at 1.2165. A break above the resistance trend line (red) could indicate that there is bullish pressure to test the Fib levels of wave B vs A. 1 hour The EUR/USD could be building a potential wave 1 and 2 (purple) within wave C (red) and test the Fibonacci levels of wave 2 vs 1 (purp...
Asian stock indices are higher following the stronger lead from Wall Street overnight on political developments out of Washington. The Shanghai Composite is up 0.45%, while the Hang Seng is up 0.23%. The Nikkei 225 is trading up by 0.37%. Overnight, the US stocks closed higher, led by gains in the energy sector. Back home, share markets in India have opened the day on a positive note. The BSE Sensex is trading higher by 142 points while the NSE Nifty is trading higher by 41 points. The BSE Mid Cap and BSE Small Cap index opened the day up by 0.9% & 0.8% respectively. All sectoral indices have opened the day in green with st...
It’s true what they say: a large portion of America’s most successful entrepreneurs invest in commercial real estate. No other investment vehicle, at least in my opinion, has become more synonymous with promising returns and risk mitigation. It’s worth noting, however, that the benefits of investing in commercial real estate extend far beyond what we have all come to know. There are several advantages to investing in commercial real estate, many of which the general public are unaware of. And, as it turns out, many of those advantages are just as important as the cash flow many get into the industry for in the first place. INVEST IN CO...
Right, so we’ve been trading and investing in an environment characterized by the market version of martial law for the better part of a decade now. Think of it as Aleksandar Kocic’s “state of exception.” “In its core, policy response to the crises was an extension of what in a political context is known as the state of exception,” Kocic wrote, back in July, before noting that the whole idea of the state of exception is a paradox: “Market laws had to be suspended to restore normal functioning of the markets.” That paradox (effectively breaking the market in order to fix it) only resolves itself when martial law is lifted or, ...
USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 114.49 (Jul 11 high) and another fall could be expected after the consolidation. Only break above 110.94 resistance could signal completion of the downtrend....
SPX Monitoring purposes; Short SPX on 8/30/17 at 2457.59. Monitoring purposes Gold: Neutral Long Term Trend monitor purposes: Neutral. The top window is the 5 day average of the “Total Put/Call ratio”. Readings .90 and less have appears near short term highs in the market, which was reached last Friday. Market moved lower on Tuesday on high volume and a bearish sign. A down gap formed on Tuesday’s open and market is attempting to test that gap level which is near 248 on the SPY. If the gap is tested on at least 10% lighter volume, than gap will have resistance (which appears likely) and market may turn back down. Market bottoms form on ...
Sometimes the bond market gets it wrong too. Earlier today, when Trump “flipped” on the GOP and aligned with congressional Democrats at a White House meeting to fund the government and raise the debt ceiling through Dec. 15. despite objections from virtually all Republicans, the threat of a late September/early October debt ceiling crisis disappeared. The bond market realized this first by sending the yield on the October 5 BIll tumbling from 1.20% to 1.00%, as repayment on this maturity was no longer in jeopardy. However, at the same time as the October T-Bill yield was tumbling, bond traders sent the December 21 T-Bill yield s...
Global alternative asset manager The Carlyle Group L.P. (Nasdaq: CG) (“Carlyle”) today announced the pricing of a $400 million offering of 16,000,000 of its 5.875% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. The offering is expected to close on September 13, 2017, subject to satisfaction of customary closing conditions. Carlyle intends to use the net proceeds from the sale of the Series A Preferred Units for general corporate purposes. Distributions on the Series A Preferred Units, when and if declared by the board of directors of Carlyle’s general partner, will ...