Revised Industrial Production m/m 0.6% -0.1% -0.1% Consumer Confidence 44.8 46.7 44.3 Trade Balance -0.92T -0.92T -1.09T All Industries Activity … [Continue reading]
Trade Setup XAGUSD On Rejection from Support
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Interval: H1 During the last 7 days, the price of silver has lost 20%. Momentarily the price has consolidated right under $24 per ounce. This triangle pattern that has formed might be just a pause before another steep drop, but may also become … [Continue reading]
JP Morgan Chase in Front of a 9% Drop
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Interval: Daily JP Morgan Chase opened this year at $44.70 per share and rallied 13 percent to touch a high at $50.66 per share. Its biggest gain was during January, because from the beginning of February the price started to consolidate. The … [Continue reading]
Trade Setup Apple Inc. on Third Rejection from Support
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Interval: Daily Apple touched 419.00 support area for the first time this year on 4th of March. After that it has touched this level again on 5th of April and yesterday. In this accumulation period, or better said range, the volume was lower … [Continue reading]
BRICS – A new player in the world’s economy
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The acronym BRIC (meaning Brazil, Russia, India and China) was first used in 2001 by Jim O’Neill, an economist at Goldman Sachs, to describe the emerging markets, in a report forecasting global economic trends over the next half century. In 2010, … [Continue reading]
Wrap Up 8-12 April EURUSD Up 1.07%
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USA Fed Chairman Bernanke Speaks NFIB Small Business Index 89.5 92.3 90.8 Wholesale Inventories m/m -0.3% 0.5% 0.8% Crude Oil Inventories 0.3M 1.6M 2.7M 10-y Bond … [Continue reading]
