Trade Idea Wrap-up: GBP/USD – Buy at 1.3200 GBP/USD – 1.3254
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 1.3238
Kijun-Sen level : 1.3238
Ichimoku cloud top : 1.3232
Ichimoku cloud bottom : 1.3225
Original strategy :
Buy at 1.3200, Target: 1.3300, Stop: 1.3165
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.3200, Target: 1.3300, Stop: 1.3165
Position : –
Target : –
Stop : –
As cable has maintained a firm undertone after yesterday’s anticipated rise to 1.3280, adding credence to our bullish view that recent erratic rise from 1.3039 is still in progress and further gain to 1.3300 is likely, however, as broad outlook remains consolidative, reckon upside would be limited and price should falter below indicated previous resistance area at 1.3321-38, bring another retreat later.
In view of this, would not chase this rise here and would be prudent to buy cable on pullback. Below 1.3210-15 would bring weakness to 1.3180-85 but o..Read More →

Trade Idea Wrap-up: USD/CHF – Hold short entered at 0.9935 USD/CHF – 0.9910
Most recent candlesticks pattern : N/A
Trend : Near term down
Tenkan-Sen level : 0.9923
Kijun-Sen level : 0.9923
Ichimoku cloud top : 0.9911
Ichimoku cloud bottom : 0.9902
Original strategy :
Sold at 0.9935, Target: 0.9835, Stop: 0.9950
Position : – Short at 0.9935
Target : – 0.9835
Stop : – 0.9950
New strategy :
Hold short entered at 0.9935, Target: 0.9835, Stop: 0.9950
Position : – Short at 0.9935
Target : – 0.9835
Stop : – 0.9950
Dollar’s rebound after finding support at 0.9876 suggests further consolidation would be seen, as long as indicated resistance at 0.9946 holds, bearishness remains for another retreat, below said support at 0.9876 would add credence to our view that the rebound from 0.9846 has ended at 0.9946, bring further fall to 0.9860, then retest of 0.9846. Once this level is penetrated, this would signal the erratic decline from 1.0038 top has resumed for at least a retracement..Read More →

Bitcoin rally may continue — but is it driven more by high-school dropouts than fundamentals? Everett Collection How long the bitcoin party can last is anyone’s guess. There is a much-discussed in the crypto-sphere chart making rounds these days, plotting bitcoin price dynamics against the historical bubbles of the past:
Bitcoin compared to other bubbles. There is only one which surpasses it: the Dutch tulip mania.
The chart is from a newsletter from my long time friends at Convoy investments. If you'd like to subscribe, email them at [email protected] pic.twitter.com/ZdLSFXcvLn
— The Long View (@HayekAndKeynes) November 8, 2017 The chart is striking, albeit simplistic.
Also read: How the rip for bitcoin may be nearing tulip-mania levels
On price dynamics alone, bitcoin BTCUSD, +1.11% looks like a sure bubble — a disaster waiting to happen. But bitcoin dynamics are basically not suited for any empirical analysis of any significant accuracy.
As noted by some commentat..Read More →

Malls are dying. There aren’t enough homes. Is there a solution? The Prospect Mall on Milwaukee’s east side had struggled for years, but the rise of e-commerce finally did it in. The shopping center sat vacant from about 2006 to 2012, when a local firm, Joseph Property Development, bought it with a turnaround plan in mind.
Now the old mall has a new life as The Overlook on Prospect, a modern apartment building with spacious one- and two-bedroom units renting for $1,350-1,750 per month.
Overlook on Prospect Malls have been dying for years. And all across America, not just in coastal hotspots, home prices and rental costs are surging as a dearth of available places to live chokes local housing markets.
Read: Existing-home sales tumble to 2017 low as supply crunch bites
Scott Crowe, chief investment strategies with CenterSquare Investment Management, estimates that 44% of current mall retail space will be either shuttered or “repurposed” over the next 5-7 years.
Crowe looks at re..Read More →

Trade Idea Wrap-up: USD/JPY – Hold short entered at 112.60 USD/JPY – 112.25
Most recent candlesticks pattern : N/A
Trend : Near term down
Tenkan-Sen level : 112.40
Kijun-Sen level : 112.42
Ichimoku cloud top : 112.61
Ichimoku cloud bottom : 112.20
Original strategy :
Sold at 112.60, Target: 111.60, Stop: 112.75
Position : – Short at 112.60
Target : – 111.60
Stop : – 112.95
New strategy :
Hold short entered at 112.60, Target: 111.60, Stop: 112.75
Position : – Short at 112.60
Target : – 111.60
Stop : – 112.75
Although the greenback rebounded after falling to 111.88, reckon upside would be limited to 112.72-75 and bring retreat later, below 112.10-15 would bring retest of said support at 111.88 (yesterday’s low), break there would extend recent decline from 114.74 top to previous support at 111.65, break there would bring further fall to 111.45-50, however, near term oversold condition should limit downside and reckon 111.00-05 would hold from here.
In view of this, we ar..Read More →

Trade Idea Wrap-up: EUR/USD – Buy at 1.1680 EUR/USD – 1.1739
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 1.1736
Kijun-Sen level : 1.1749
Ichimoku cloud top : 1.1772
Ichimoku cloud bottom : 1.1767
Original strategy :
Buy at 1.1680, Target: 1.1780, Stop: 1.1645
Position : –
Target : –
Stop : –
New strategy :
Buy at 1.1680, Target: 1.1780, Stop: 1.1645
Position : –
Target : –
Stop : –
As the single currency has retreated again after meeting resistance at 1.1809, suggesting near term downside risk remains for the erratic fall from 1.1861 top to bring retracement of recent rise, hence initial fall to 1.1700 cannot be ruled out, however, reckon downside would be limited to 1.1671-78 (61.8% Fibonacci retracement of 1.1554-1.1861 or previous resistance) and bring rebound later to 1.1809 but break of resistance at 1.1822 is needed to signal the pullback from 1.1861 (last week’s high) has ended, bring retest of said resistance later.
In v..Read More →