INVESTMENT CONTEXT Equities failed to sustain May 23 uptick, with bears firmly in control of the market sending Nasdaq in the low 11k bracket U.S. retailer Best Buy (BBY) missed EPS forecasts, but downplayed recession fears S&P Global’s Composite Purchasing Managers’ Index (PMI), a measure of the services and manufacturing industries, fell to 51.8 in...
beyond too big to fail is a re structuring where other banks shall infuse liquidity...
XRP is holding this weekly level quite well next target is monthly resistance at $.26. There are simply too many technical reasons I dont know how you can be bearish on this coin. We hit monthly support and accumulated for a few weeks. Then we broke a 2 year downtrend. Now we are approaching monthly resistance. Dont wait for a retest buy while you can. Not to...
A trend reversal may be waiting for XRP beginning the last 10 days of the month. I will update this as we go through the changes...
The BOJ held interest rates unchanged overnight, however, the policymakers decided to push 2020's growth forecast up on the back of the sales tax introduced back in October. Yen was supported overnight, offering some USDJPY shorts. Markets wait for the UK’s jobs numbers and also EA’s ZEW release to find intraday opportunities of GBPUSD and EURUSD. Meanwhile,...
US Retails Sales, corporate earnings and now Chinese consumer data add on to the equities rally! Despite US equities having reached overbought levels, phase one seems to be working well on global #indices. All eyes will turn to Davos this week, central banks' decisions and also the widely anticipate Trump’s impeachment trial. Let’s see how equities will pan...