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Brexit Progress May Turbocharge Poundsterling
Read MoreThere’s no question the most important risk event and near term key driver for Poundsterling remains to be Brexit. This month may shape up to be an important week for Poundsterling as Prime Minister Theresa May’s Cabinet discusses about it throughout the month of November. The Sunday Times reports last weekend that Mrs. May has […]
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AAPL Elliott Wave Analysis Suggests Selloff Close to Ending
Read MoreApple (AAPL) short-term Elliott wave analysis suggests that the decline from $224.23 high, i.e. Primary wave ((X)), is unfolding as a Flat Elliot Wave structure. Down from $224.23, Intermediate wave (A) ended at $206.09 and bounce to $223.49 ended Intermediate wave (B). Intermediate wave (C) is currently in progress. Internal of Intermediate wave (C) is unfolding […]
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Record Breaking Income Doesn’t Save Amazon from Tanking
Read MoreDuring the Earnings Report last Thursday, Amazon (ticker symbol: AMZN) beat Street estimates by reporting impressive revenue of $29 bn (10% higher yoy) and all-time-record of $2.8 billion quarterly net income. This compares to $256 million profit during the same period last year. The $3.7 billion in operating income also far exceeded Street estimates of […]
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Trading with Elliott Wave and How Your Next Best Trade May Be the One That You Don’t Take
Read MoreIt’s Just Hard for Us to Be Still. The very essence of trading is assertive actions to create alpha. Sometimes, though, the hardest thing to do as a trader is nothing at all. I can definitely speak from personal experience during my trading career that I felt like there were times that I had to […]
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Will Jamal Khashoggi’s Incident drive up Oil Price?
Read MoreIn the past few weeks, the world has been shocked by the killing of Jamal Khashoggi inside Saudi Arabia’s consulate in Istanbul. Mr. Khashoggi is a Washington Post journalist and he was at the consulate for marriage-related document. Initially, the Saudi’s government said Mr. Khashoggi left the consulate alive. However, they changed their narrative on […]
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Prospect of Brexit Deal Supports Poundsterling
Read MoreThe UK is going to leave the EU on 29 March 2019. However, currently the EU and UK have not reached agreement on the Irish border issue. In the last few years, the potential for no Brexit deal has given pressure to Poundsterling. But last week, Poundsterling surged higher against other major currencies as EU’s […]