US 30 Index Completes in New 3-Month High; Momentum Indicators Look Overbought
The US 30 index has been in a flying mode, recording a new three-month high of 26,179 after the rebound on the 16-month low of 21,596 on December 26, successfully surpassing the 50- and 200-simple moving averages (SMAs) in the...
Stocks making the biggest moves premarket: Berkshire Hathaway, General Electric, Twitter & more
Check out the companies making headlines before the bell: General Electric – GE announced the sale of its bio pharma drug unit to Danaher for $21.4 billion, including $21 billion in cash. GE plans to use the proceeds to reduce...
Using Stop Loss Orders in Forex Trading
Market movements can be unpredictable, and the stop loss is one of the few mechanisms that traders have to protect against excessive losses in the forex market. Stop losses in forex come in different forms and methods of application. This...
USD/CAD Zig-Zag Rejection Confirms Bearish Trend
The USD/CAD has formed a bearish zi-zag with clear rejections as shown in the chart. If the price makes a pullback towards the POC zone, we might see another short selling pressure. The POC zone 1.3190-1.3200 should provide a rejection...
USD Weakens As Trump Delays Tariffs
The USD weakened against a number of its counterparts yesterday, while the Aussie strengthened as US President Trump delayed additional tariffs. US President Trump stated that he will delay increasing tariffs on Chinese imports on March 1st, after mentioning “substantial...
Aussie And Chinese Stocks Lifted As Trump Delays Tariff Deadline, Dollar Steady
Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer...
Market Morning Briefing: Big Movement In Dollar-Yuan
STOCKS A key development in the US-China trade talks over the weekend has given a boost to the Asian Indices to begin the week on a strong note. The US President’s tweet on Sunday for extending the March 1 deadline...
Asian Markets Lifted Mildly as US-China Trade Truce Extends
Asian markets traded higher earlier today after Trump announced to extend trade truce with China beyond March 1. But there is no sustainable buying, except in China. Australian Dollar is lifted by positive sentiments. But New Zealand Dollar is even...
‘We seem to forget a lot’: Why some advisors are moving to shield the elderly from financial fraud
The Cooneys walked into the office to hear their test results. Matt Cooney, a 79-year-old retired television sportscaster, was informed that his financial decision-making capacity was in jeopardy. Dobe Cooney admitted that her husband had lost track of their bills...
2016 all over again? Why historically low global interest rates could make a comeback this year
A leading Wall Street firm predicts global interest rates could fall to three year lows this year — to about 1 percent. According to Medley Global Advisors’ Ben Emons, the scenario is becoming more likely because inflation is very subdued....
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