BITCOIN RALLY  Bitcoin pared gains on Thursday sliding into negative territory after setting fresh all-time

BITCOIN RALLY STOPS SHORT OF $4,500 BEFORE TURNING NEGATIVE

BITCOIN RALLY STOPS SHORT OF $4,500 BEFORE TURNING NEGATIVE

BITCOIN RALLY  Bitcoin pared gains on Thursday sliding into negative territory after setting fresh all-time

BITCOIN RALLY  Bitcoin pared gains on Thursday sliding into negative territory after setting fresh all-time highs earlier in the session as concerns grew the digital currency could face a second split in November.

On the U.S.-based Bitfinex exchange, bitcoin fell to $4,294.5, down $63.5 or 1.46%, after hitting all-time highs of $4,492.3.



BITCOIN RALLY

Following the adoption of the first part of Segwit2x, a software upgrade to speed up transactions on the bitcoin network, investors braced for the second part of the Segwit2x update due November, fearing a second split in the blockchain supporting bitcoin.

The second part of the SegWit2x seeks to double the transaction capacity on the bitcoin network, allowing speedier transactions, however, not all members of the bitcoin community agree with the proposal, raising fears of a yet another split in the digital currency – an event known as a ‘hard fork’.

Bitcoin’s blockchain split into two on August 2, after a members of the bitcoin community rejected the first part of the SegWit2x upgrade, creating a competing currency called ‘Bitcoin Cash’.

Bitcoin Cash shrugged off concerns in the cryptocurrency space, rising 34.21% to $410.27 while Ethereum, dipped by 0.29% to $299.05.

|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

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BITCOIN PRICES SLIDE Bitcoin prices were lower on Wednesday, as selling in the cryptocurrency resumed a day

BITCOIN SURGES PAST $3,500 AS RALLY CONTINUES

BITCOIN SURGES PAST $3,500 AS RALLY CONTINUES

Bitcoin surged to all-time highs on Friday, as investors remained

Bitcoin surged to all-time highs on Friday, as investors remained optimistic about Bitcoin’s future amid bullish comments from analysts.

On the U.S.-based Bitfinex exchange, bitcoin rose to $3,525.9, up $109.7 or 3.21%, surging past its previous all-time high of $3482.9.

Sentiment on Bitcoin turned positive, following last week’s ‘hard fork’ which split the blockchain supporting bitcoin into two, creating a rival digital currency called Bitcoin Cash, as analysts continued to talk up the prospect of cryptocurrencies.



Bitcoin surged

“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching.” Goldman Sachs (NYSE:GS) noted in its question-and-answer report focused on cryptocurrencies.

Bitcoin Cash followed Bitcoin’s move higher, rising 13.44% to $329.53.

Bitcoin Cash seeks to increase bitcoin’s block size to eight megabytes whereas SegWit short for “segregated witness” proposes to move some of the data outside of the main bitcoin network to speed up transactions.

SegWit, seen as a milestone for Bitcoin, is expected to be implemented within two weeks.

Meanwhile, Ethereum, rose by 2% to $302.31.

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BITCOIN SETS SIGHTS ON $3,500 Bitcoin pared losses sustained in the prior session to trade near all-time highs,

BITCOIN SETS SIGHTS ON $3,500 AS RALLY RESUMES

BITCOIN SETS SIGHTS ON $3,500 AS RALLY RESUMES

BITCOIN SETS SIGHTS ON $3,500 Bitcoin pared losses sustained in the prior session to trade near all-time highs,

BITCOIN SETS SIGHTS ON $3,500 Bitcoin pared losses sustained in the prior session to trade near all-time highs, as a key software upgrade, aimed at speeding up transactions on the network, nears implementation.

On the U.S.-based Bitfinex exchange, bitcoin rose to $3,422.4, up $63.8 or 1.90%, just shy of Tuesday’s high of $3482.9, following the adoption of BIP 91, a software upgrade that seeks to introduce something known as SegWit2X was adopted by the blockchain supporting bitcoin.

SegWit is short for “segregated witness” and proposes to move some of the data outside the main bitcoin network to increase its capacity, speeding up transaction on the bitcoin network.



BITCOIN SETS SIGHTS

The SegWit rollout, which will take two weeks to fully implement, is seen as a milestone for Bitcoin.

Bitcoin Cash followed Bitcoin’s move lower, easing 10.5% to $290.34.

Bitcoin Cash, was created as a result of a ‘civil war’ in Bitcoin, after some members of the bitcoin community rejected software upgrade SegWit2x on the back of concerns that the measure fails to adequately address bitcoin’s scaling problem.

Bitcoin transactions are limited to one megabyte every 10 minutes – or seven transactions per second. This compares to 2,000 per second for Visa and means that at peak times bitcoin transactions can take hours to be fulfilled, inhibiting the currency.

Bitcoin Cash seeks to increase the block size to eight megabytes whereas SegWit2X proposes moving transaction data outside of the block on a parallel track with plans to increase bitcoin’s block size later in the year.

Meanwhile, Ethereum, hit one-month highs rising about 2% to $310.05.

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Foot Locker Stock  We all know how the brick-and-mortar retail segment is getting slammed by the rapid emergence of online retailers,

Foot Locker Stock Could Drive 40% Rally

Hold Off on the Funeral for Foot Locker

FOREX INVESTORS

Foot Locker Stock  We all know how the brick-and-mortar retail segment is getting slammed by the rapid emergence of online retailers,

Foot Locker Stock  We all know how the brick-and-mortar retail segment is getting slammed by the rapid emergence of online retailers, and it could worsen. Yet while the majority of these retailers faces a daunting task to regain market share, there are aggressive opportunities for traders, including that of Foot Locker, Inc. (NYSE:FL).

I’m pretty sure the majority of you have ventured into one of Foot Locker’s vast network of about 3,363 retail stores in the United States, Canada, Europe, Australia, and New Zealand.

Now while FL stock is still fully functional at this time, the company will need to find ways to fend off Amazon or risk a similar (but unlikely) fate that doomed Sports Authority, Inc. in March 2016 when the company filed for Chapter 11. The company was liquidated in May 2016, and for Foot Locker, it should be a warning.

Foot Locker stock is trading at around $47.00, well below its 52-week and record high of $79.43 on December 8, 2016. FL stock is down 38% over the past three months and is trying to find support.

Technical Picture Not Pretty for FL Stock, But There Is Hope

Foot Locker had three attempts to break above $80.00 in July 2016, December 2016, and May 2017, but failed in each situation.



Foot Locker Stock

FOREX INVESTORS 

fl1

 

The bearish multiple top formations subsequently led FL stock to plummet from around $75.00 to below $60.00 in one session. Right after the collapse, FL stock displayed a bearish death cross that drove the stock down to the $44.00 level, where it is currently trying to hold.

For traders, the downside risk for Foot Locker stock is $40.00 with a worst case scenario being the $30.00 level last encountered in 2012 and 2013.

The decent fundamentals and the fact Foot Locker continues to increase its dividend by at least 10% annually should help add support and prop up the stock.

FL price chart

 

If everything pans out for Foot Locker stock, the Fibonacci Retracement levels indicate FL stock could rally back to $57.50, $61.50, and $66.00.

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BUZ INVESTORS Rally in 3M Stock 3M Co (NYSE:{MMM) stock has been a wonderful investment this year. It is currently up 17.52% year-to-date,

The Rally in 3M Stock Is Set to Continue

|Chart | Calendar   | TRADE NOW | 3M Stock

MMM Stock: Geared Towards Higher Prices

BUZ INVESTORS  Rally in 3M Stock 3M Co (NYSE:{MMM) stock has been a wonderful investment this year. It is currently up 17.52% year-to-date, and I do not have any reason to believe why this performance cannot, and should not, continue. Aside from the month of January, 3M stock has posted back-to-back monthly gains. I have the inclination that this rapid pace towards higher prices is set to continue.

My beliefs surrounding 3M shares are not based on a gut feeling, but instead on a more systematic approach to analyzing investments, known as technical analysis. This method of investment analysis assumes that historical price and volume data can be used to project the future direction of a stock’s price. I chose this method, and continue to use it, because the information it provides is second to none and is very valuable when applying this method to an investment strategy.

The following 3M stock chart illustrates the predominant bullish trend and the indications that are supporting the current advance.

Rally in 3M Stock

3M stock chart

 

The price chart illustrates that MMM stock has been on rocket ride towards higher prices since it bottomed in October 2011 at $59.38. This rocket ride has been characterized by higher highs and higher lows, which create the quintessential bullish trend that begins in the lower left and ends in the upper right of the price chart.

This bullish trend is easily captured using a simple uptrend line. This uptrend line is created by connecting the significant valleys on the price chart. This simple trend line acts as the dividing line between a healthy investment and an unhealthy one. As long as MMM shares are trading above this uptrend line, I can only assume that this investment remains healthy and the bullish trend is set to continue.

In November 2016, the MACD indicator was converging and a bearish cross was imminent, but it was unable to generate. Averted signals should never be ignored, because they are extremely powerful indicators. The inability to generate a bearish signal indicates that there is an extreme amount of inherent bullish strength contained within the investment. Such circumstances cause the predominant trend to accelerate, because anyone who was anticipating a bearish cross needs to immediately unwind their position, fueling and accelerating the current rally.

The MACD indicator remains in bullish alignment, suggesting that the current appreciation has further room to run. This bullish view is reinforced by the following 3M stock chart.

3M price chart

 

This MMM stock chart is using the exact same time frame as the preceding price chart, but this time I am focusing the waves that occurred above the uptrend line. This price chart contains two distinct waves: an impulse wave and a consolidation wave. These waves are necessary to create a sustainable trend.

Business Description

Industry: Industrial Products » Diversified Industrials    NAICS: 339112    SIC: 3841
Compare: OTCPK:(SIEGY), NYSE:(HON), NYSE:(ABB), NYSE:(ITW), OTCPK:(SBGSY), OTCPK:(ATLKY), OTCPK:(FANUY), NYSE:(EMR), NYSE:(ETN), NYSE:(PHG), OTCPK:(NJDCY), NYSE:(CMI), OTCPK:(KNYJF), NYSE:(ROP), NYSE:(IR), OTCPK:(SMCAY), NYSE:(PH), NYSE:(ROK), OTCPK:(SDVKY), OTCPK:(VWDRY) » details
Traded in other countries: MMM.Argentina, MMM.Austria, MMMC34.Brazil, MMM.Chile, MMM.Germany, MMM.Mexico, MMM.Switzerland, 0QNY.UK,
Headquarter Location: USA

3M Co is a diversified technology company. It manufactures a diverse array of industrial and consumer products. Its business segments are Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer.

Based in St. Paul, Minnesota, 3M manufactures a diverse array of industrial and consumer products. Known especially for popular consumer-facing products such as Scotch tape and Post-it Notes, the company’s portfolio also offers display films, personal respirators, heavy-duty adhesives, reflective sheeting, sanding wheels, and filters.

 

 

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AUDUSD flirting with 2-month lows

AUDUSD Bulls rescued by a rally in AUDNZD & equities

Chart | Calendar   | TRADE NOW | AUDUSD

AUDUSD Bulls rescued by a rally in AUDNZD & equities

AUDUSD

BUZ INVESTORS  AUDUSD Bulls rescued The pair is trading at 0.7364 at 09:40 GMT this morning, with the Australian Dollar trading 0.1% higher against US Dollar from the New York close. Amid a lack of economic releases in Australia today, investor sentiment would be governed by global macroeconomic factors. This morning, the pair traded at a high of 0.7379 and a low of 0.7335. The Australian Dollar traded 0.22% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7357. The pair is expected to its find support at 0.7332 and its first resistance at 0.7395.

The bears take a breather from the ongoing downward spiral, prompting a tepid-bounce in AUD/USD from fresh four-month lows struck at 0.7329 earlier on the day.

AUD/USD manages to hold 0.7320 support

Amid a better risk environment persisting in Asia, fuelled by higher oil prices and firmer Asian indices, the higher-yielding Aussie found some respite after the overnight declines.

Moreover, a retreat in the US yields across the horizon combined with a bounce in copper prices underpins the sentiment around the spot. Weaker treasury yields make the Emerging market currencies more attractive investment option.




AUDUSD Bulls rescued

>>>TRADE  NOW<<<

Australian Dollar  | Data | Chart | Calendar | Forecast | News

The AUDUSD increased 0.0009 or 0.12% to 0.7372 on Thursday May 11 from 0.7363 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

Australia Markets Last Previous Highest Lowest Unit
Currency 0.74 0.74 1.10 0.48 [+]
Stock Market 5878.30 5875.44 6828.70 1358.50 points [+]
Government Bond 10Y 2.65 2.66 16.50 1.83 percent [+]
2 Year Note Yield 1.71 1.73 5.26 1.43 percent [+]
5 Year Note Yield 2.19 2.21 5.50 1.48 percent [+]

 

Australian Dollar Notes

The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Australian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australian Dollar – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
0.74 0.74 1.10 0.48 1993 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



US EQUITIES: DOW JONES DOWN; S&P500, NASDAQ BANKING PROFITS

DJIA futures rocket 221 points as French-election relief rally ramps up

Dow Jones Industrial Average Data | Chart | Calendar

BUZ INVESTORS  DJIA futures rocket 221 points Wall Street closed modestly lower on Friday, ahead of the French presidential election

BUZ INVESTORS  DJIA futures rocket 221 points Wall Street closed modestly lower on Friday, ahead of the French presidential election on Sunday and amid a drop in oil prices while investors shifted their attention to President Trump’s upcoming tax-reform plan. The Dow Jones closed 31 points lower, or 0.2 percent, to 20548. The S&P 500 ended up 7 points, or 0.3 percent, to 2349. The Nasdaq edged down 6 points, or 0.1 percent, to 5911. All major indices notched weekly gains, with the Dow Jones rising 0.5 percent; the S&P 500 0.8 percent; and the Nasdaq 1.8 percent. Historically, the Dow Jones Industrial Average reached an all time high of 21115.55 in March of 2017 and a record low of 41.20 in July of 1932.



DJIA futures rocket 221 points

The Dow Jones Industrial Average is one of the most closely watched U.S. benchmark indices. It is a price-weighted index which tracks the performance of 30 large and well-known U.S. companies that are listed mostly on the New York Stock Exchange. The Dow Jones Industrial Average has a base value of 40.94 as of May 26, 1896.. This page provides – United States Stock Market (Dow Jones) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Dow Jones Industrial Average – actual data, historical chart and calendar of releases – was last updated on April of 2017.

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




BUZ INVESTORS Met coal rally likely short-lived Coking coal’s rally towards $300/metric ton most likely will prove

Met coal rally likely short-lived with prices declining in H2, FBR analyst says

Met coal rally likely short-lived with prices declining in H2, FBR analyst says

BUZ INVESTORS Met coal rally likely short-lived Coking coal’s rally towards $300/metric ton most likely will prove

BUZ INVESTORS Met coal rally likely short-lived Coking coal’s rally towards $300/metric ton most likely will prove short-lived and supply disruption caused by the Queensland floods will be compensated by July, meaning that H2 2017 and 2018 prices should pull back, FBR analyst Lucas Pipes writes.

Prices most likely will stay elevated in the short-term but longer- to medium-term prices should move lower as high prices would mean more supply, Pipes says, estimating a Q3 benchmark price of $160/ton.

Met coal-exposed names such as Teck Resources (TECK +0.8%) and Arch Coal (ARCH +1%), who have production outside of Australia, remain muted even as spot coal rallies; Pipes says that for every $20/ton change in




OTHER STORIES BUZ TRADERS FOLLOW

Met coal rally likely short-lived Coking

benchmark coking coal price, TECK’s Q2 free cash flow would change by ~C$110M and Q2 EPS by C$0.20.


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Buz Investors XAUUSD Gold Prices Higher Gold prices edged higher on Monday’s session, marking its strongest level in two months as investors are closely watching on the most anticipated speech by British Prime Minister Theresa May and the inauguration of the U.S. President-elect Donald Trump later this week.

Gold prices extend2017 gains, rally looking robust

Gold prices extend2017 gains, rally looking robust

Buz Investors rally looking robust Gold is trading at $1257.10 per ounce at 10:40 GMT this morning, 0.51% higher from the New York close

Gold

Buz Investors  rally looking robust  Gold is trading at $1257.10 per ounce at 10:40 GMT this morning, 0.51% higher from the New York close. This morning, the precious metal traded at a high of $1257.60 per ounce and a low of $1248.80 per ounce. Yesterday, gold traded 0.51% higher in the New York session and closed at $1250.70 per ounce, amid weakness in the greenback. Immediate downside, the first support level is seen at $1244.13 per ounce, while on the upside, the first resistance level is at $1263.83 per ounce.



Other Stories Buz Traders Follow

rally looking robust

while the base metals struggled on Thursday February 23, treasured metals prices had gains of between 0.4% for palladium fees and 1% for gold and silver prices, while platinum charges were up zero.eight%. There have been observe through gains in the precious metals this morning too, with fees up a mean of zero.five%, led through a zero.eight% advantage in palladium, while gold charges are up 0.3% at $1,252.87 consistent with oz..

the bottom metals are less attackable this morning, Friday February 24, with metals expenses on the London metallic trade up a mean of one.1%, led by a 1.five% advantage in nickel charges, whilst copper is up zero.5% at $five,898 per tonne and aluminium is up the least with a 0.2% upward push.

volume has been higher than lately, with 8,233 plenty traded as of 07:02 GMT. This fee rebound follows a completely weak day on Thursday that noticed charges down a mean of 2.1%, led with the aid of a 2.nine% fall in copper fees that closed at $5,853 in step with tonne.

In Shanghai, the base metals at the Shanghai Futures exchange are down 1.three% on common with copper fees off 1.9% at forty seven,660 yuan in line with tonne, whilst tin is off the least with a 0.eight% fall. Spot copper in Changjiang is down 2.6% at forty seven,one hundred twenty-47,320 yuan in keeping with tonne – this displays the weakness the market saw on the hole after the sell-off at the LME on Thursday, the weaker costs therefore do seem to have attracted a few bargain hunting because the Asian morning has stepped forward. The LME/Shanghai copper arb ratio has weakened to 8.08.



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