Tag Archives: Crude Oil

USD/CHF The USDCHF pair found solid support at 0.9564 barrier, which forced the price to rebound bullishly to approach testing the key resistance 0.9655, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals now. Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, as our next main target is located at 0.9420, noting that the...

Industrial Production in the US was up 3.6% year-over-year in December 2017. That’s the best for American industry since November 2014 when annual IP growth was 3.7%. That’s ultimately the problem, though, given all that has happened this year. In other words, despite a clear boost the past few months from storm effects, as well as huge contributions from the mining (crude oil) sector, American production at its best...

USD/CHF The USDCHF pair succeeded to break 0.9656 level and hold with a daily close below it, which confirms opening the way to extend the bearish wave towards our yesterday’s mentioned next target at 0.9566, noticing that the price approaches retesting the broken level now. Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 0.9656 might push the price to achieve some intraday...

Our earlier articles on bitcoin discuss the crypto asset as a currency and a commodity. Both papers focused on the consequences of bitcoin’s defining feature: the asymptotic supply limit of 21 million coins. This gives it an unusual juxtaposition of demand uncertainty and supply certainty (as well as inelasticity). As a currency, it gives rise to a tension between its use as a store of value and as medium of exchange....

There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. The extreme overbought condition of the US stock market persists so I will continue to hold a modest amount of cash. There are some minor changes within the portfolios but the overall allocation is unchanged. - Click to enlarge There have been two major developments since...

USD/CHF The USDCHF pair traded with clear negativity yesterday to break 0.9892 level and settles below it, which stops the recently suggested positive scenario and put the price within the correctional bearish track again, noting that there is a bearish pattern that its signs appear on the chart, which means that breaking its neckline at 0.9840 will extend the pair’s losses to surpass 0.9800 and reach 0.9730 as a...

USD/CHF The USDCHF pair begins to bounce higher after approaching from 0.9892 level, supported by the EMA50 that meets the mentioned level, while stochastic shows clear bullish trend signals on the four hours time frame. Therefore, these factors encourage us to keep our positive expectations in the upcoming period, waiting for visiting 1.0038 level as a next main station, being aware that breaking 0.9892 will stop...

The Census Bureau reported earlier today that US imports of foreign goods jumped 9.9% year-over-year in October. That is the second largest increase since February 2012, just less than the 12% import growth recorded for January earlier this year. US Imports, Jan 2007 - 2017 - Click to enlarge In both monthly cases, however, the almost normal rates of increase which would have at least suggested moving closer to a...

USD/CHF The USDCHF pair tested the correctional bearish channel’s resistance that appears on the chart and kept its stability below it, accompanied by witnessing clear negative signals through stochastic, which supprots the chances of bouncing bearishly to resume the bearish bias in the upcoming sessions, waiting to test 0.9800 level. Therefore, we suggest witnessing negative trading on the intraday and short term...

There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. The extreme overbought condition of the US stock market did not correct since the last update and so I will continue to hold a modest amount of cash. Prediction is very difficult, especially about the future… Niels Bohr Every time I see that quote I think to myself, “but that...