Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $31.42 billion as of Tuesday September 16th. This latest COT data provides a snapshot of how large speculators and for-profit traders (non-commercials)...
I believe that trendlines are one of the simplest, yet most powerful tools an analyst can employ. An early mentor of mine said it best when he pointed out that “a kid with a ruler could make a million dollars” by simply drawing trendlines on price charts. Today, we’re following up with another real-world example, only this time...Why China’s Insatiable Appetite For Coal Has Likely Peaked
A recent report from Greenpeace found that China’s coal consumption declined in the first half of this year and new Chinese government data suggests that the country’s coal imports have dropped. Estimates indicate that by the end of the year, China’s coal imports...
Entering the Forex Field When the Bears Have the Ball
For any market, Forex or otherwise, a bear market describes a period when the general feeling about the market is pessimistic. Prices are falling causing investors to get scared and try to sell as fast as they can before they lose any more money. A true bear market is noted by a 20% decline in prices in a key stock market index...
For the past 15 years, Elliott Wave International’s chief commodity analyst Jeffrey Kennedy has been using trendlines to identify high-probability trade set-ups in close to 20 markets he regularly follows. You might be familiar with one of those markets, cocoa. In his May 2014 Monthly Commodity Junctures...
So what exactly is Twitch and why did Amazon.com Inc. (NASDAQ:AMZN) shell out close to $1 billion to buy this company? Here is my take, young men’s eyeballs. Young men are some of the hardest demographics to track for advertisers. The combination of Amazon and Twitch...
Islamic State’s Ultimate Goal: Saudi Arabia’s Oil Wells
Islamic State — which has its origins in al-Qaeda – knows fully well that in order to sustain itself as a viable and lasting religious, political, economic and military entity in the region, it has to follow the same objectives established by al-Qaeda when Osama bin Laden broke off his relations with the Saudi monarchy and vowed to bring down the House of Saud... 2 Examples of the Forecasting Ability of the Elliott Wave Principle
Some people think the Wave Principle is complicated. But, in reality, all you need to know to find trading opportunities are the five core patterns: impulse waves and diagonals move in the direction of the larger trend; the zigzag, triangle and flat are corrective waves that move against that trend. What is most important to understand about the Wave Principle is that each wave pattern implies a path for future price movement....Soros Signals Argentina’s Shale is Biggest Place to Be
One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize —and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas.
George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play...Sergey Kamenshchikov, IFC Market Analyst talks Forex, Strategy & Risk Control
I expect that geopolitics, not the economy will be the “main hero” of the second half of year. Unfortunately I expect the expansion of the Russian-Ukraine conflict. It will definitely weaken the EU economy eventually and decelerate the recovering. However this is a chance for Asian markets and Japan in particular...Predicting Forex Trends Using Economic Fundamentals
Economics, politics and social factors are all at play when it comes to trying to predict the movement of currency. Most fundamental analysts of Forex trading focus their attention on the economic news that is affecting currency...The Kardashians and Climate Change: Interview with Judith Curry
Over the past 30 years, hundreds of articles — you can find them on the web — have featured comments from economists about the worrisome nature of the U.S. trade deficit. It seems to be a reasonable thing to worry about. But has it been correct to assume...New Technology Could End The Debate Over Pipeline Safety
The surge in North American oil and gas production is arguably the most important development in energy over the last decade. That’s the good news. The not so good news is that North America doesn’t have nearly enough oil and gas pipelines to accommodate its 11-million-barrel-a-day output level... Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax
Ukrainian President Petro Poroshenko on August 1 signed off on a new tax code that effectively doubles the tax private gas producers in Ukraine will have to pay, calling into question any new investment, as well as commitment from key producers...Trending in Forex Trading
It seems that everyone these days is eager to trade breakout and trending strategies, aiming for outsized large directional moves. But is this really the best way to trade Forex? A careful investigation of historical Forex data reveals the opposite to be true...
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