Bulls eye long opportunity from support structure

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Developing story

CAD/CHF has made a bullish impulse followed by a 50% mean reversion from which the price has held and pushed higher to form a support structure, keeping the bullish trajectory intact.

Bulls can enter at support and seek a push higher on the shorter-term frames.

The following charts display the price action and motive for a long position for a 1:2 risk to reward day trading set-up.

Note, the criteria of the trade is to manage the position on a 15-min time frame and move stop to breakeven at the earliest opportunity (explained below).

The trading strategy has a 60% win rate, meaning risking a low percentage per trade, using breakeven targets and setting a minimum of a 1:2 risk to reward ratio are essential for the strategy’s success.

1-hour chart

15-min chart

As illustrated on the 15-min chart, the price has stabilised at a 50% mean reversion

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ANALYSIS-Why Buffet’s bet on Japan could turn on higher inflation, weakening dollar

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By David Randall and Svea Herbst-Bayliss

NEW YORK, Aug 31 (Reuters)Berkshire Hathaway Inc’s $6.2 billion foray into Japan’s five largest trading houses may signal billionaire Warren Buffett’s expectation that inflation and a falling U.S. dollar may make international equities more attractive when economies worldwide recover from the coronavirus pandemic.

Berkshire said late Sunday, on Buffett’s 90th birthday, it owned just over 5% of each of Itochu Corp 8001.T, Marubeni Corp 8002.T, Mitsubishi Corp 8058.T, Mitsui & Co Ltd 8031.T and Sumitomo Corp 8053.T, and said it could increase its stakes to 9.9%.

The trading houses, known as sogo shosha with their diversified business lines including commodity exploration, fit the legendary investor’s taste for classic value stocks, which have lost investor favor.

Berkshire investors said they welcomed Buffett’s wager, at a time U.S. stock valuations are at their highest since the late 1990s tech

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SEC Awards Over $2.5 Million to Joint Whistleblowers for Detailed Analysis That Led to Multiple Successful Actions

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Washington, D.C.–(Newsfile Corp. – September 1, 2020) – The Securities and Exchange Commission today announced an award of over $2.5 million to joint whistleblowers whose tip based largely on highly probative independent analysis of a public company’s filings led to several successful enforcement actions. In addition to their tip, the whistleblowers provided helpful assistance early in the investigation, which helped save Commission time and resources.

“Detailed analysis by outsiders of companies can have a significant impact on the enforcement of the federal securities laws,” said Jane Norberg, Chief of the Office of the Whistleblower. “Today’s award demonstrates the Commission’s commitment to awarding individuals who provide high quality independent analysis that leads to successful enforcement actions.”

The Commission has awarded approximately $510 million to 92 individuals since issuing its first award in 2012. This includes awards to 25 individuals in this fiscal year, totaling approximately $123 million. All payments are made

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ETH/USD meteorically pacing to $450 as $500 draws nigh

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  • Ethereum breaks out above $440 in a bid to smash through the current 2020 high at $447.
  • ETH/USD bullish case to highs above $450 seems unstoppable as shown by the RSI and the MACD.

Ethereum has entertained the ongoing bullish case since the weekend session. In addition to reclaiming lost ground above $400, Ether paced past several other hurdles including $420 and $430. On Monday, there was a reversal back to the support at $420 before the bulls gathered enough strength to pull ETH above $430. The bullish action remained unstoppable with the bulls reclaiming the ground above $440 towards the end of the Asian session on Monday.

At the time of writing, ETH/USD is doddering at $442 amid a massive bullish momentum. All eyes are glued on breaking August’s high traded at $447 and pushing the second-largest cryptocurrency to new milestones beyond $450.

The technical picture is strongly positive

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Bare Metal Cloud Market Analysis, Size, Regional Outlook, Competitive Strategies and Forecasts to 2027

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The MarketWatch News Department was not involved in the creation of this content.

Sep 01, 2020 (Heraldkeepers) —
The increased demand for cost-efficient hosted services to achieve increased performance, streamlined data operations, and data security would result in a higher adoption of bare metal cloud in various verticals within the near future. Currently, the world bare metal cloud market is driven by telecom & IT due to the growing big data and increasing demand for effective storage. However, advertising is the most money making end use segment and this trend is expected to continue over the forecast period.

The global Bare Metal Cloud Market is expected to exceed more than US$ 9.5 Billion by 2024 at a CAGR of 40% in the given forecast period.

Browse Full Report Here: https://www.marketresearchengine.com/bare-metal-cloud-market

Bare metal cloud market offers many advantages such as increased security, easy maintenance of records, monitoring activities in commercial &

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Ichimoku cloud analysis: Gold, USD/CHF

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XAU/USD, “Gold vs US Dollar”

GOLD is trading at 1985 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator near 1975 is expected, followed by growth to 2015. An additional signal confirming the growth will be a bounce off the upper border of the Triangle pattern. The growth will be canceled in the case of a breakaway of the lower border of the Cloud and closing above 1935, which will mean further declining to 1905.

XAUUSD

 

ETH/USD, “Ethereum vs US Dollar”

The Ethereum is trading at 442.25 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 425.05 is expected, followed by growth to 465.05. An additional signal confirming the growth will be a bounce off the lower border of the ascending channel. The growth will be canceled in the case of a breakaway of the lower

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3 Investing Tricks to Double Your Money | Personal-finance

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Don’t over-trade

Over the past 20 years (through 2019), the S&P 500 has generated annualized returns of just over 6%. Meanwhile, the average equity fund investor has achieved returns of just 4.3% per year, according to Dalbar’s latest Quantitative Analysis of Investor Behavior (QAIB). This is the difference in turning a $100,000 investment portfolio into about $230,000 or $322,000 over those two decades.

Some of this difference has to do with investment fees, but the biggest reason for the difference is over-trading. Humans are emotional beings. When stocks are soaring, we see everyone else making money and push all of our chips into the middle. Conversely, when the stock market is crashing, it’s human nature to want to “get out before things get worse.” It is common knowledge that the central goal of investing is to buy low and sell high. But our instincts compel us to do the exact

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MLB Trade Deadline Live: Trade Rumors, News And Analysis For Each Deal

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4:02 p.m.: No more deals for the Red Sox, per The Boston Globe’s Alex Speier.

4:01 p.m.: The 4 p.m. deadline has come and gone, and now we wait to see if anything trickles in after the buzzer.

3:53 p.m.: The Red Sox are in the process of completing yet another deal, once again for a player to be named later, per multiple reports. This trade has lefty reliever Josh Osich on his way to the North Side of Chicago.

3:37 p.m.: The Red Sox are making a move, according to multiple reports and first reported by Mark Feinsand.

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Bears eyeing a test of critical support at 1.2950

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  • USD/CAD looks vulnerable amid dollar weakness.
  • Further declines could challenge the key support near 1.2950.
  • A bounce in the near-term cannot be ruled out. 

USD/CAD extends its six-day losing streak and breaches the 1.3000 level, as the bears look to test the critical support near 1.2950 amid relentless selling seen in the US dollar across the board.

The slide in the major can be partially attributed to the ongoing rally in WTI, backed by upbeat Chinese Manufacturing PMIs, weaker dollar and expectations of a draw in the US crude stockpiles. At the press time, WTI trades at $43.10, up 1.15% on the day.

From a near-term technical perspective, the downtrend in the spot is likely to challenge the bulls’ commitment at the horizontal trendline support (maroon line) seen from December 2019 low, which is near 1.2950.

A daily closing below the latter will validate the rounding top formation, paving way

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Second stimulus check: How soon might the IRS get you your money? We map it out

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money-cash-dollars-stimulus-payments-pay-7139

How soon could your second stimulus check come? We lay out some possible dates from the time the bill is passed to when your money could actually arrive.


James Martin/CNET

If the negotiators manage to reach an agreement in the coming weeks, the IRS could still send a second stimulus check to eligible Americans by the end of 2020. What’s more, the paper check, direct deposit or EIP card could arrive faster than the first round of stimulus payments did. Exactly how fast depends on when decisions are actually made.

Both Democratic and Republican leaders have publicly stated they want to reach a deal but have made little movement over the last month to a compromise on the size and scope of the package — the two sides are still trillions of dollars apart in their thinking.

“It’s critically important that we find some solutions,” White House Chief of Staff

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