Forex News 24 |
- Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes
- Fractal analysis of major currency pairs on May 17
- Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes
- The Better Precious Metal Shows Its Mettle
- USD/JPY analysis for May 17, 2019
- 3 Reasons Not To Chase The Parabolic Okta Stock Price … For Now
- Why Investors Shouldn’t Buy Canopy Growth (CGC) Stock Yet
- Why Canopy Growth’s Deals May Not Translate Into Gains for CGC Stock
- Analysis of Gold for May 17, 2019
- 3 Pros, 3 Cons of Buying Nvidia Stock Right Now (NVDA)
| Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes Posted: 18 May 2019 12:42 PM PDT Hits: 12 Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes GOLD PRICE OUTLOOK – TALKING POINTS
On Thursday we highlighted how spot gold prices dropped from a 1-month high as yields rebounded along with risk appetite. Gold faced further weakness during Friday's trading session as short-term interest rates climbed higher along with the US Dollar in response to a robust Consumer Sentiment report. Gold was subsequently dragged lower considering American consumers reportedly feel the most optimistic in 15 years with rebounding inflation expectations – a development that may help keep Fed rate cut prospects at bay. GOLD PRICE (XAUUSD) CHART: 1-HOUR TIME FRAME (MAY 10, 2019 TO MAY 17, 2019) The risk that markets are overpricing the probability that the Fed cuts rates this year could weigh negatively on gold if reversed. Wednesday's release of the latest FOMC meeting minutes could trigger traders to develop a more hawkish perception of the Fed which would threaten XAUUSD due to the prospect of higher future interest rates. This in additional to weak gold chart technicals merges with the possible further weakness in the Chinese Yuan – all of which could serve as headwinds to gold. Although, markets will likely obsess over US China trade war developments next week which will likely fuel risk appetite. Ultimately, this looks to largely dictate whether or not gold can catch a safe-haven bid from traders fleeing risk which could push XAUUSD higher. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter Looking for a technical perspective on Gold? Check out the Weekly Gold Technical Forecast http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| Fractal analysis of major currency pairs on May 17 Posted: 18 May 2019 12:39 PM PDT Hits: 6 Hello, dear colleagues. For the currency pair Euro/Dollar, the continuation of the main downward trend is expected after the breakdown of 1.144. For the currency pair Pound/Dollar, the continuation of the downward movement is expected after the breakdown of the level of 1.2733 and the movement to the top is considered as a correction. For the currency pair Dollar/Franc, we follow the formation of the upward cycle from May 13 and the subsequent development is expected after the breakdown of 1.0113. For the currency pair Dollar/Yen, we follow the formation of the upward cycle from May 13 and we expect the development of this structure after the breakdown of 109.95. For the Euro/Yen, the continuation of the downward movement of May 10 is expected after the breakdown of 122.12. For the currency pair Pound/Yen, the subsequent development of the local structure from May 10 is expected after the breakdown of 139.65 and we consider the upward movement as a correction. Forecast for May 17: Analytical review of H1-scale currency pairs: For the currency pair Euro/Dollar, the key levels on the H1 scale are 1.1222, 1.1212, 1.1197, 1.1184, 1.1156, 1.1144 and 1.1112. We continue to follow the development of the downward structure of May 13. The short-term downward movement is expected in the range of 1.1156 – 1.1144 and the breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the potential target is 1.1112 and we expect a rollback to the top from this level. The short-term upward movement is possible in the range of 1.1184 – 1.1197 and the breakdown of the latter value will lead to a prolonged correction. The target is 1.1212 and the range of 1.1212 – 1.1222 is the key support for the downward movement. We expect the initial conditions for the upward cycle. The main trend is the downward structure of May 13. Trading recommendations: Buy 1.1184 Take profit: 1.1195 Buy 1.1198 Take profit: 1.1210 Sell: 1.1156 Take profit: 1.1145 Sell: 1.1142 Take profit: 1.1116 For the currency pair Pound/Dollar, the key levels on the H1 scale are 1.2840, 1.2802, 1.2773, 1.2733, 1.2693, 1.2659 and 1.2588. We continue to follow the development of the downward structure from May 3 and the continuation of the downward movement is expected after the breakdown of the level of 1.2733. In this case, the target is 1.2693 and in the area of 1.2693 – 1.2659 is the consolidation. The breakdown of the level of 1.2659 will lead to a movement to the potential target of 1.2588, upon reaching which, we expect a rollback to the top. The short-term upward movement is possible in the area of 1.2773 – 1.2802 and the breakdown of the latter value will lead to a prolonged correction. The target is 1.2840 and this level is the key support for the downward structure. The main trend is the downward cycle of May 3. Trading recommendations: Buy: 1.2773 Take profit: 1.2802 Buy: 1.2804 Take profit: 1.2840 Sell: 1.2732 Take profit: 1.2694 Sell: 1.2656 Take profit: 1.2590 For the currency pair Dollar/Franc, the key levels on the H1 scale are 1.0160, 1.0142, 1.0131, 1.0113, 1.0084, 1.0072 and 1.0048. We follow the formation of the upward structure of May 13. The continuation of the upward movement is expected after the breakdown of 1.0113. In this case, the target is 1.0131 and in the area of 1.0131 – 1.0142 is the short-term upward movement, as well as consolidation. We consider the level of 1.0160 as a potential value for the top, after reaching which, we expect a rollback to the bottom. The short-term downward movement is possible in the area of 1.0084 – 1.0072 and the breakdown of the latter value will have to develop the downward structure. The potential target is 1.0048, up to this level, we expect the initial conditions for the downward cycle. The main trend is the upward structure of May 13. Trading recommendations: Buy: 1.0113 Take profit: 1.0130 Buy: 1.0142 Take profit: 1.0160 Sell: 1.0084 Take profit: 1.0073 Sell: 1.0070 Take profit: 1.0050 For the currency pair Dollar/Yen, the key levels on the H1 scale are 110.81, 110.54, 110.33, 109.95, 109.80, 109.38, 109.24, 109.01 and 108.77. We follow the formation of the upward cycle of May 13. The continuation of the upward movement is expected after the price passes the range of 109.80 – 109.95. In this case, the goal is 110.33 and in the area of 110.33 – 110.54 is the short-term upward movement, as well as consolidation. We consider the level of 110.81 as a potential value for the top, after reaching which, we expect a rollback to the bottom. The range of 109.38 – 109.24 is the key support for the upward structure of May 13. Its price passage will have to develop the downward structure. The first target is 109.01. We consider the level of 108.77 as a potential value for the bottom, to which we expect the registration of the expressed initial conditions for the downward cycle. The main trend is the upward structure of May 13. Trading recommendations: Buy: 109.95 Take profit: 110.33 Buy: 110.55 Take profit: 110.80 Sell: 109.24 Take profit: 109.02 Sell: 109.00 Take profit: 108.78 For the currency pair Canadian Dollar/Dollar, the key levels on the H1 scale are 1.3568, 1.3526, 1.3511, 1.3493, 1.3451, 1.3434, 1.3415 and 1.3378. We follow the formation of the upward structure of May 10. The continuation of the upward movement is expected after the breakdown of 1.3493. In this case, the target is 1.3511 and consolidation is near this level. The price pass of the range of 1.3511 – 1.3526 should be accompanied by a pronounced upward movement to the potential target of 1.3568, from this level, we expect a rollback to the bottom. The consolidated movement is possible in the area of 1.3451 – 1.3434 and the breakdown of the last value will lead to a prolonged correction. The target is 1.3415 and this level is the key support for the top. The main trend is the formation of the upward structure of May 10, the stage of initial conditions. Trading recommendations: Buy: 1.3493 Take profit: 1.3510 Buy: 1.3526 Take profit: 1.3566 Sell: 1.3433 Take profit: 1.3417 Sell: 1.3412 Take profit: 1.3385 For the currency pair Australian Dollar/Dollar, the key levels on the H1 scale are 0.6936, 0.6916, 0.6900, 0.6869, 0.6854 and 0.6835. We follow the development of the downward structure of May 7. The short-term downward movement is expected in the range of 0.6869 – 0.6854, hence there is a high probability of a turn into a correction. We consider the level of 0.6835 as a potential value for the downward trend, the movement to which is expected after the breakdown of 0.6852. The short-term upward movement is possible in the range of 0.6900 – 0.6916 and the breakdown of the latter value will lead to a prolonged movement. The goal is 0.6936 and this level is the key support for the downward structure. The main trend is the downward structure of May 7. Trading recommendations: Buy: 0.6900 Take profit: 0.6914 Buy: 0.6917 Take profit: 0.6934 Sell: 0.6867 Take profit: 0.6855 Sell: 0.6852 Take profit: 0.6836 For the currency pair Euro/Yen, the key levels on the H1 scale are 122.95, 122.68, 122.50, 122.12, 121.75, 121.45 and 121.09. We follow the development of the local structure for the bottom of May 10. The continuation of the downward movement is expected after the breakdown of the level of 122.12. In this case, the goal is 121.75 and in the area of 121.75 – 121.45 is the short-term downward movement, as well as consolidation. Also, from this range, there is a high probability of rollback to the correction. We consider the level of 121.09 as a potential value for the bottom, upon reaching which, we expect a rollback to the top. The short-term upward movement is expected in the area of 122.50 – 122.68 and the breakdown of the last value will lead to a prolonged correction. In this case, the goal is 122.95. The main trend is the local downward structure of May 10. Trading recommendations: Buy: 122.50 Take profit: 122.66 Buy: 122.70 Take profit: 122.95 Sell: 122.12 Take profit: 121.75 Sell: 121.73 Take profit: 121.45 For the currency pair Pound/Yen, the key levels on the H1 scale are 141.05, 140.45, 140.09, 139.68, 139.15, 138.45 and 138.03. We follow the development of the downward structure of May 10th. The continuation of the downward movement is expected after the breakdown of 139.65. In this case, the goal is 139.15 and consolidation is near this level. The breakdown of the level of 139.15 will lead to a pronounced movement to the level of 138.45 and from this level, there is a high probability of a turn to the top. The potential value for the bottom is considered the level of 138.03, upon reaching which, we expect consolidation in the area of 138.45 – 138.03, as well as a rollback to the top. The short-term upward movement is possible in the area of 140.09 – 140.45 and the breakdown of the latter value will lead to a deep correction. The target is 141.05 and this level is the key support. The main trend is the local downward structure of May 10. Trading recommendations: Buy: 140.10 Take profit: 140.45 Buy: 140.47 Take profit: 141.05 Sell: 139.66 Take profit: 139.15 Sell: 139.10 Take profit: 138.45 The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes Posted: 18 May 2019 12:17 PM PDT Hits: 8 Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes GOLD PRICE OUTLOOK – TALKING POINTS
On Thursday we highlighted how spot gold prices dropped from a 1-month high as yields rebounded along with risk appetite. Gold faced further weakness during Friday's trading session as short-term interest rates climbed higher along with the US Dollar in response to a robust Consumer Sentiment report. Gold was subsequently dragged lower considering American consumers reportedly feel the most optimistic in 15 years with rebounding inflation expectations – a development that may help keep Fed rate cut prospects at bay. GOLD PRICE (XAUUSD) CHART: 1-HOUR TIME FRAME (MAY 10, 2019 TO MAY 17, 2019) The risk that markets are overpricing the probability that the Fed cuts rates this year could weigh negatively on gold if reversed. Wednesday's release of the latest FOMC meeting minutes could trigger traders to develop a more hawkish perception of the Fed which would threaten XAUUSD due to the prospect of higher future interest rates. This in additional to weak gold chart technicals merges with the possible further weakness in the Chinese Yuan – all of which could serve as headwinds to gold. Although, markets will likely obsess over US China trade war developments next week which will likely fuel risk appetite. Ultimately, this looks to largely dictate whether or not gold can catch a safe-haven bid from traders fleeing risk which could push XAUUSD higher. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter http://platform.twitter.com/widgets.js Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| The Better Precious Metal Shows Its Mettle Posted: 18 May 2019 12:13 PM PDT Hits: 8 Gold Price Forecast Talking Points:
Technical Forecast for the gold price / XAUUSD: Neutral in USD Terms, Bullish in Non-USD Terms Chart Source: ProRealTime charting, IG UK Price Feed. Created by Tyler Yell, CMT For Gold bulls, the price action of this week should likely earn a tally in the loss column, at least if it is looked to in US Dollar terms. The chart above shows a rejection of the gold price into resistance and bullish sentiment came roaring back. The 'Sell in May' moniker definitely held its validity thus far with all major stock indices, except the Swiss Stock Market down in USD terms. This helped Gold to rally in its traditional form as a haven asset or hedge that was discussed last week. However, with the strengthening US Dollar, it is difficult to favor Gold in USD terms. Rather, traders may prefer to only look at a long-Gold position as expressed in other currencies like the EUR, GBP, or CNY. Gold in CNH vs. Gold in USD
Data source: Bloomberg Gold-Silver Ratio Takes Out 20-Yr Range
Data source: Bloomberg The Gold-Silver ratio is a way that traders have looked to likely limits of how far gold or silver could strengthen. However, the rules may become re-written thanks to cryptos taken a lot of the haven-demand. Access our Bitcoin Trading Guide Here to learn more about Bitcoin, as a new 'mania' may take hold Above you can see the ratio has moved toward 90, whereas historically the 80-level has been firm resistance. It is possible that historical limits may be stretched due to the silver, historically referred to as 'poor man's gold' being eschewed in favor of Bitcoin. Sentiment Insight: Bias for Downside Emerges From IG Client Sentiment
Data source: IG Client Sentiment Retail trader data shows 77.0% of traders are net-long with the ratio of traders long to short at 3.35 to 1. The number of traders net-long is 2.5% higher than yesterday and 3.6% lower from last week, while the number of traders net-short is 11.7% lower than yesterday and 19.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias (emphasis mine.) We'll see. Follow the DailyFX Podcasts on A Platform That Suits You iTunes: https://itunes.apple.com/us/podcast/trading-global-markets-decoded/id1440995971 Stitcher: https://www.stitcher.com/podcast/trading-global-markets-decoded-with-dailyfx Soundcloud: https://soundcloud.com/user-943631370 Google Play: https://play.google.com/music/listen?u=0#/ps/Iuoq7v7xqjefyqthmypwp3x5aoi —Written by Tyler Yell, CMT Tyler Yell is a Chartered Market Technician. Tyler provides Technical analysis that is powered by fundamental factors on key markets as well as trading educational resources. Read more of Tyler's Technical reports via his bio page. Communicate with Tyler and have your shout below by posting in the comments area. Feel free to include your market views as well. Talk markets on twitter @ForexYell Looking for a fundamental perspective on Gold? Check out the Weekly Gold Fundamental Forecast http://platform.twitter.com/widgets.js Can you get gilded from fx trading? The response is if you go from river forex, and sluttish forex, use algorithms in fxtrading, what is distribution in forex 1 greenback river, netdania forex, verify brimful welfare of the forex system indicators, and inaction the direction fx strategy. We instrument follow win all.
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| USD/JPY analysis for May 17, 2019 Posted: 18 May 2019 10:31 AM PDT Hits: 9 USD/JPY has been trading upside as we expected. The price tested the level of 110.02. The breakout of 3-balance is present. Watch for buying opportunities. According to the 4H time-frame, we found that there is strong bullish divergence on the Stochastic oscillator and MACD indicator, which are strong signs that buyers took from control from sellers. Most recently, we got break of the resistance at 109.75, which is positive sign for USD/JPY. Our advice is to watch for buying opportunities with the target at 110.94. Downwards references are set: Balance high – 109.83 Daily low – 109.30 Upward references are set: Swing high – 110.56 Swing low acting like resistance – 110.92 The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| 3 Reasons Not To Chase The Parabolic Okta Stock Price … For Now Posted: 18 May 2019 09:44 AM PDT Hits: 13 Undeniably, one of the top growth names in the broad technology sector is Okta (NASDAQ:OKTA). A specialist in the burgeoning identity control and management segment, OKTA stock is fundamentally relevant. And it's technically relevant too, jumping to a nearly 67% year-to-date lead.
Moreover, shares have really had only one trajectory since its April 2017 initial public offering. After its first session, the OKTA stock price closed up at $23.51. Since then, early stakeholders in the tech firm have profited an astonishing 349%. Now, we're at the point when OKTA stock has hit overbought levels as based on the relative strength indicator (RSI). I never recommend making a big move on any one indicator. However, it's worth noting that the last two times OKTA triggered the RSI, shares turned volatile. Adding to the reservations, Zacks Investment Research recently downgraded the shares. Although most analysts remain bullish on the OKTA stock price, a significant percentage are fence-sitters. Considering that shares have flown past the average-price target of $88.53 — closing just shy of $110 yesterday — not much room seemingly exists for additional upside. Currently, it's a battle between technical concerns and the fundamental potential for the company. If you're thinking seriously about buying OKTA stock, though, I suggest a much-clearer route: wait. Shares will probably correct, and here are three reasons why. OKTA Stock is OvervaluedLet's just cut straight to the chase: the OKTA stock price today is simply overvalued. I'm in the same camp as fellow InvestorPlace contributor Bret Kenwell. He recognizes the company as a growth monster, but he's also rational. Kenwell writes:
But it's not just about market concerns, although those are obviously important. Instead, I'm also looking at the grand scheme of things. The OKTA stock price is also overvalued relative to the identity-management industry. In 2017, the global identity and access management (IAM) market had a value of $8.85 billion. Experts in the field predict a low-double digit CAGR up to 2025. Other sector analysts are more optimistic, targeting a CAGR of 16%. That would mean by 2022, the IAM industry could have a value of approximately $24 billion. That's all great news. But OKTA sports a market capitalization of slightly over $12 billion, substantially exceeding IAM's present international market value. Further, 2018 revenue totaled just under $400 million, while net-income losses have consistently widened. In my view, this is a clear sign that the OKTA stock price has gotten well ahead of itself. OKTA Faces Serious CompetitionAlthough Okta's shares have experienced a mercurial rise to the top, it's also not surprising. IAM is an incredibly relevant industry, and it's so much more than its rather sober title suggests. Sure, IAM protocols enhance a corporation's security measures. In light of massive scandals like the Equifax (NYSE:EFX) breach, businesses are finally taking digital protections seriously. However, think about the mundane stuff, such as memorizing passwords. With Okta's solutions, you can enjoy a one-stop shop for your data-organizational needs. Again, it's no surprise that shares have skyrocketed. But because IAM is so lucrative, it attracts competition. We're not talking about bit players, either, but something that reads like the who's who of tech: Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL) and IBM (NYSE:IBM), to name but a few. At any moment, these giants could squash Okta. Plus, a buyout that would launch the OKTA stock price isn't guaranteed. After all, Amazon already has viable cloud solutions. It won't take much for them to enter IAM and disrupt it. Which leads me to… IAM Is Ripe for DisruptionSpeaking of disruption, Okta faces somewhat of a double-edged sword. On one hand, they're enjoying tremendous momentum getting their product quickly to the ground floor. But on the other hand, IAM doesn't have a very high barrier to entry. One of the obvious technologies that can benefit this industry is the blockchain. In a nutshell, the blockchain represents both a decentralized and immutable platform. It's perfect for controlling information access and to establish a perfect "paper" record of activity. But the problem for Okta as a publicly traded entity is that the blockchain is open source. Essentially, this groundbreaking technology is free. All someone needs is a good idea and some modest operational funds to potentially disrupt IAM. Okta is playing that disruptive role right now, which suits OKTA stock holders just fine. However, at this current price point, the company is too much of a risk. If you like the concept, my suggestion again is to wait. I'm almost certain we'll see a better price shortly. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Why Investors Shouldn’t Buy Canopy Growth (CGC) Stock Yet Posted: 18 May 2019 09:08 AM PDT Hits: 8 There may very well be at least three reasons to not sell Canopy Growth (NYSE:CGC) stock. But the price chart is warning investors that they shouldn't buy CGC stock now. Let me explain.
But getting back to Canopy Growth stock, this week Luke wrote that investors shouldn't sell Canopy Growth. The first reason he cited was trade-war headwinds being overblown and not really an issue for CGC. I totally agree with that. Still, that doesn't make Canopy Growth stock worth buying. Luke also wrote that the slowdown in Canada's cannabis market isn't actually terribly alarming and discussed the tailwind of the still-untapped U.S. market. Those points are good reasons to not sell CGC stock, but they fail to make Canopy Growth stock worth buying at the moment. Now don't get me wrong. My caution on Canopy Growth stock doesn't mean that I'm advocating shorting CGC. I'm nowhere near ready to put Canopy Growth stock in the same boat as Tilray (NASDAQ:TLRY) whose fortunes have gone up in smoke over the past several months. However, considering the volatility of the cannabis market and the CGC stock chart, the shares aren't close to worth buying if history is any indicator. CGC Stock's Daily ChartThe volatile and some might say temperamental behavior of CGC stock has foiled bulls' attempts to exploit its positive trend using breakout strategies. That is illustrated by higher and above-average volume buy signals sent by triangle patterns, a classic short-handle consolidation and a very recent failed breakout as relative highs were cleared. But Canopy Growth stock has also been somewhat of an equal opportunity trap for bears too.
The chart of CGC stock depicts a couple of breakdowns of CGC that were reversed. There was last summer's out-of-left-field explosive gain on partnership news with beverage giant Constellation Brands (NYSE:STZ). And earlier this spring a bear flag similarly failed after breaking down courtesy of a rally a short while later. Of course, some bulls might be quick to point out that, during both bearish patterns, CGC did not fall below the support provided by its 200-day simple moving average. That incidentally made CGC stock ripe for buying. That's true, but there's always a technical line on the price chart somewhere that drive buy decisions which work out favorably. The Bottom Line on CGCIn our view, CGC stock's squiggly price line is a tricky one to trade. And given the shares' history of volatile failures in the wake of breakdowns and breakouts, today's pullback pattern isn't a reason to sell Canopy Growth, but it does not make CGC worth buying just yet. Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. http://platform.twitter.com/widgets.js Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Why Canopy Growth’s Deals May Not Translate Into Gains for CGC Stock Posted: 18 May 2019 08:28 AM PDT Hits: 9 Canopy Growth (NYSE:CGC) moved higher after announcing a deal with its investment arm, Canopy Rivers (OTCMKTS:CNPOF). This offers some relief to CGC stock, which had returned to levels not seen since before they announced their buyout intentions on Acreage Holdings (OTCMKTS:ACRGF).  Source: Shutterstock Unfortunately, Canopy Growth stock seems to need more. CGC has again sold off after briefly crossing the $50 per share mark in late April. While the deals with Canopy Rivers and Acreage boost the long-term prospects of Canopy Growth Corporation, they also show the difficulty of breaking CGC stock out of its current trading range. Canopy Growth Continues to Improve Market PositioningCanopy Rivers announced that the portfolio company it owns, PharmHouse Inc., will commit more of its production to Canopy Growth. CGC will now buy an additional 20% of PharmHouse's output for the next three years. PharmHouse had previously committed 10% of its flowering space to Canopy Growth. Still, despite what the PharmHouse deal means to Canopy Growth, much of the focus has settled on mergers and acquisitions (M&A). The latest M&A deal for Canopy involves a buyout of New York-based Acreage Holdings. However, in reality, one could better describe this "agreement" as an option. The deal will not close until recreational weed becomes legal across the U.S. I agree with my InvestorPlace colleague Tom Taulli that the alliance with Constellation Brands (NYSE:STZ) alliance holds Canopy Growth in good stead. I also believe the company has positioned itself for a leadership position in the U.S. in both hemp and cannabidiol (CBD). This benefits the firm without regard to what happens with the Acreage deal. I also see Canopy Growth remaining the market leader in North America when U.S.-based companies can operate with full legal status. Investors Should Separate Canopy Growth, CGC stockStill, what helps Canopy Growth may or may not boost Canopy Growth stock. The current hype regarding marijuana stocks renders the price-to-sales (P/S) ratio of around 135X meaningless. However, it also leaves investors without a valuation-based metric with which to evaluate CGC stock. Hence, this leaves investors with the charts as a guide. For all of the hype, Canopy Growth stock has twice pulled back after spiking above $55 per share in intraday trading. In recent weeks, even the Acreage deal could not keep CGC stock above $50 per share. Moreover, since Jan. 15, it has rarely moved below $40 per share or above $50 per share. CGC Stock Has Become Range-BoundDespite its elevated multiple, I do not think it will break through the lower end of the range unless a recession occurs, or the U.S. suddenly makes cannabis legal. For now, traders have focused on when and how CGC stock will break through on the high end of the range. The elevated P/S ratio will struggle to go even higher without further stimulus. However, seeing the rally fizzle after the stock moved past $50 per share could make one wonder whether stimulus truly helps. Moreover, seeing marijuana stocks (including CGC) tank after weed became officially legal in Canada remains fresh on investor's minds. It also shows the strange and powerful phenomenon of illegality driving cannabis equities. Like most, I believe CGC stock will trade at higher levels years from now. However, until we see the stock stay above $55 per share, I do not think that the higher stock price will come in the near term. Final Thoughts on CGC StockCGC stock trades near the high end of its range, and I expect CGC will stay in the range. The PharmHouse deal serves as yet another confirmation that the growth story remains intact for Canopy Growth. However, it will likely not have a material effect on Canopy Growth stock. Moreover, before the company announced this deal, CGC had fallen back to levels it saw before they announced the Acreage Holdings deal. Simply put, CGC stock has become range-bound. The prospects of the cannabis industry should keep Canopy Growth stock at an elevated multiple in the near term. However, even a major coup such as the Acreage deal has failed to put CGC stock back on a growth trajectory. The Acreage and the PharmHouse deals show that Canopy Growth has both the strategic vision and the product needed to lead the marijuana industry. Unfortunately, translating this insight into near-term growth for Canopy Growth stock will prove more elusive. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. http://platform.twitter.com/widgets.js Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Analysis of Gold for May 17, 2019 Posted: 18 May 2019 08:25 AM PDT Hits: 9 Gold has been trading downwards as we expected. The price tested the level of $1.275. We still expecting more downside. According to the 4H time-frame, we found that there is the breakout of the upward trendline (green line), which is sign that sellers are in control. We also found potential completion of the ABC upward correction, which adds even more weakness on the Gold. Our advice is to watch for potential bear flag in order to build more short positions. Downwards reference is set: $1.266 Upward references are set: Swing high – $1.288 Major high – $1.302 The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| 3 Pros, 3 Cons of Buying Nvidia Stock Right Now (NVDA) Posted: 18 May 2019 07:46 AM PDT Hits: 9 Back in September 2018, Nvidia (NASDAQ:NVDA) seemed unstoppable, hitting an all-time high of $292 in the markets. But since then, Nvidia stock has been hit with a burst of volatility. As of now, NVDA is at $159. This represents a 45% plunge from the high.  Source: Shutterstock So what went wrong here? Well, part of the problem was that expectations got out of hand. There was also the steep correction at the end of the year. And finally, Nvidia's financial results started to go south in a big way. Frankly, Thursday's critical first-quarter of 2019 earnings report didn't do much to alleviate concerns. Although Nvidia beat the print on profitability and revenue, the overall results failed to impress. For instance, top-line sales fell 31% year-over-year as analysts anticipated. Thus, it all came down to guidance. Even here, management didn't provide a comfortable read. Updated revenue expectations for $2.55 billion in Q2 dropped lower than prior estimates. The reason? Key market segments like data centers remain soft. In other words, uncertainty reigned before Q1, and it still does following the earnings disclosure. So to get a better view, let's take a look at the pros and cons for NVDA stock: 3 Pros of Nvidia stockSecular Trends: Artificial intelligence (AI) and cloud computing are two of the most important megatrends in technology. They have been key drivers for companies like Microsoft (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Facebook (NASDAQ:FB). The good news for NVDA stock is that its graphics processing units (GPUs) have proven to be ideal for AI and cloud computing. This semiconductor technology is able to process huge amounts of data cost-effectively. Essentially, Nvidia's GPUs have become the standard in the industry. True, there is competition emerging, such as from Advanced Micro Devices (NASDAQ:AMD). Even companies like AMZN and FB are creating their own chip technologies. Let's face it, customers want alternatives. But the fact remains that the market opportunity for AI and cloud computing is enormous, allowing for multiple winners. According to the latest NVDA investor presentation, the estimated size for the data center is $50 billion, while the market for AI and self-driving cars is $30 billion. Dealmaking: Earlier in the year, NVDA agreed to shell out nearly $7 billion for Mellanox Technologies (NASDAQ:MLNX). While the valuation was rich – there were several bidders for the deal such as Xilinx (NASDAQ:XLNX) and MSFT –it should be worth it. First of all, NVDA and MLNX have worked together for quite some time. But more importantly, MLNX will add more depth to the product line, like offerings for internet connections for high-speed computers. All this is about getting a larger share of the data-center market. And to succeed, there will need to be integrated solutions that can perform at hyperscale, which will allow for next-generation technologies like self-driving vehicles and quantum computers. Valuation: No doubt, NVDA is much cheaper now! Consider that the forward price-earnings (P/E) multiple is about 23x or so. From a historical standpoint, this is on the low end. For a company that has dominant positions in AI, gaming and the data center, the multiple does look fairly reasonable. Another point is that analysts have been getting more bullish on NVDA stock as well. For example, Jefferies has raised its price target from $185 to $227. Also, UBS has increased its own target from $180 to $210. Cons of Nvidia StockGrowth: The main drivers for Nvidia — gaming and the data center — have been sputtering. It also does not help that Intel (NASDAQ:INTC) recently reported disappointing results, with data center as the main culprit. It's far from clear what is going on. If anything, the softness does seem anomalous since cloud computing appears to be in growth mode. Yet there have been global economic pressures, such as in China and Europe. The trade tensions may have also led to higher spending on chips in earlier quarters to bolster inventories to ward off potential supply-chain disruptions. The big question: is this temporary or could it be prolonged? It's tough to tell. Management's comments during the conference call echoed rivals in the sector. That is, it's anybody's guess how the tensions play out. The Paradox of Innovation: Sometimes it is good not to be too pioneering with technology. The market may not be ready for it. Interestingly enough, this may have been the case with the RTX gaming chip. While it is cutting-edge, there has been little adoption so far. Unfortunately, this has been another drag on the financial results. What's more, the investments in self-driving technologies may take much longer than expected. This type of innovation is exceedingly complex and also requires changes in regulations, customer behavior and even city infrastructures. U.S.-China Trade War: This is perhaps the biggest risk factor for Nvidia stock. About 23% of the company's revenues come from China. There is also much exposure from the supply chain in Asia. But the impact of the U.S.-China trade war could go well beyond tariffs. RBC analyst Mitch Steves indicated that government actions from the U.S. could mean that Nvidia will be prohibited from selling to China because NVDA-derived technologies are strategic. If so, this would definitely be devastating for Nvidia stock. The Verdict on Nvidia StockFor those with a long-term focus, I think the pros outweigh the cons on Nvidia stock. The company is nicely positioned to benefit from powerful trends like cloud computing and AI. There are also emerging categories like the Internet of Things and robotics. And yes, the MLNX acquisition should be a nice driver. Yet investing amid the aftermath of Nvidia earnings looks dicey, especially considering the bearishness in the markets and the uncertainties with U.S.-China relations. So it's probably best to avoid making a purchase right now and let the dust from Q1 settle. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. http://platform.twitter.com/widgets.js Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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I enjoy reading InvestorPlace contributor Luke Lango's take on the markets. His analysis personally turned me on to both Shopify (NYSE:
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