Ed Ponsi, CTA
FXStreet Contributor
Enron, the energy giant that failed in 2001 after an accounting fraud, was previously named Forbes’ “Company of the Year” for six consecutive. That award pushed analysts to recommend ENRNQ share as a buy.
However, the stocks failed after a corruption scandal and an accounting fraud. Author Ed Ponsi explains how technical analysis could help independent analyst to know what they had to know to avoid this investment.
“There is always something that you don’t know, and worse is that you don’t know what you don’t know… but the price never lies.”
Watch the full webinar: STOP losing money with technical analysis!
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Editors’ Picks
EUR/USD comes under pressure near 1.1700
EUR/USD is paring back part of its earlier gains, easing towards the 1.1700 area as the US Dollar stages a modest rebound. The Greenback is finding some support as markets continue to digest President Trump’s speech at the World Economic Forum in Davos.
GBP/USD looks vacillating around 1.3430
GBP/USD is alternating gains with losses midweek, pushing back towards the 1.3430 area after bottoming out near the 1.3400 support. The modest recovery in Cable comes as the US Dollar advances modestly following President Trump’s comments at the World Economic Forum.
Japanese Yen bulls seem reluctant amid fiscal concerns and ahead of BoJ
The Japanese Yen extends its sideways consolidative price move through the early European session on Wednesday as traders opt to wait for more cues about the likely timing of the next rate hike by the Bank of Japan. Hence, the focus remains glued to the outcome of a two-day BoJ meeting on Friday, which will play a key role in influencing the near-term JPY trajectory.
Editors’ Picks
EUR/USD comes under pressure near 1.1700
EUR/USD is paring back part of its earlier gains, easing towards the 1.1700 area as the US Dollar stages a modest rebound. The Greenback is finding some support as markets continue to digest President Trump’s speech at the World Economic Forum in Davos.
GBP/USD looks vacillating around 1.3430
GBP/USD is alternating gains with losses midweek, pushing back towards the 1.3430 area after bottoming out near the 1.3400 support. The modest recovery in Cable comes as the US Dollar advances modestly following President Trump’s comments at the World Economic Forum.
Gold corrects sharply lower, bulls retain control
Gold pushed its rally further on Wednesday, hitting a fresh all-time high near $4,900 per troy ounce earlier in the session. Risk appetite remains fragile, with investors staying cautious after President Trump delivered his speech in Davos, while EU–US tensions over the Greenland issue continue to simmer.
Crypto Today: Bitcoin, Ethereum, XRP stabilize despite weakening institutional, retail demand
Bitcoin holds below $90,000 on Wednesday, weighed down by weakening institutional and retail demand. Ethereum defends $2,900 support amid resumption of spot ETF withdrawals. XRP holds above $1.90 as US-listed spot ETFs record the second outflow since launch.
US President Trump at WEF in Davos: No nation can secure Greenland other than US
US President Donald Trump delivers a keynote speech at the World Economic Forum (WEF) held in Davos. "Certain places in Europe not recognizable any more."
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