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Archives by Year:
Stocks Jump Into Quarter-End, Euro Bounces On Immigration Deal
Global equities are posting impressive gains to close out the quarter. The Shanghai Composite rose nearly 2.2%, its strongest gain in a couple of years on signals from the PBOC that focus may shift to growth stabilization, which could facilitate easing of credit conditions. The onshore yuan snapped a six-day slide, while the offshore yuan […]
US Dollar: 100 Week Moving Average
The dollar has failed for the second week to recover the declining 100-week moving average. Also, note the divergence in the TSI as the top has been forming. In fact, the dollar hasn’t made a significantly higher high in 4 weeks. The 10-day bloodbath phase in gold had nothing to do with currencies. This was […]
WTI Crude Oil And Natural Gas Forecast – Friday, June 29
WTI Crude Oil The WTI Crude Oil market rallied a bit during the session again on Thursday, reaching towards the $74 level. We are extraordinarily bullish, and I think that will continue to be the case. However, we are most certainly overbought, so a short-term pullback makes sense and I think should be thought of […]
Can Silver Rally Without Gold?
The article titled “Silver’s Critical Role In Electrification May Fuel Its Rise” contains some interesting comments about the silver market, but with one minor exception the information presented in this article has no bearing on silver’s risk/reward as a speculation or investment. The minor exception is the high (by historical standards) gold/silver ratio, which suggests […]
No Bad Trade News And An EU Agreement Are Good For EUR/USD
The EUR/USD jumped after EU leaders reached an agreement on migration. US data, trade, and end-of-quarter flows are set to dominate the scene. The technical picture remains somewhat bearish for the pair. The EUR/USD is trading well above 1.1600 once again. The pair jumped around 100 pips and reached 1.1666 on the news that leaders of […]
Accenture Plc. Shares Gained $9 On Solid Q3 Earnings & Rosy Guidance
Accenture (ACN) investors had a great day on Thursday after the company delivered stellar third-quarter earnings. The Dublin-based company saw its shares rise $9, or 5% to $164 in the regular trading session. Profit and revenue easily surpassed Wall Street estimates, with security, cloud, and security-related services accounting for 60% of total sales. CAN Earnings & Outlook The […]
USDCAD Daily Analysis – Friday, June 29
USDCAD broke below 1.3259 support, suggesting that the upside movement from 1.2856 had completed at 1.3385 already. A deeper decline could be expected in the coming days and next target would be at 1.3100 area. Resistance levels are at 1.3300 and 1.3385, only break above these levels could trigger another rise towards 1.3500.
Indian Indices Continue Momentum; Sensex Up Over 275 Points
After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the energy sector and realty sector witnessing maximum buying interest. The BSE Sensex is trading up 278 points (up 0.8%) and the NSE Nifty is trading up 95 points (up 0.9%). The BSE Mid Cap index is trading up by […]
E Forex Analysis For EURUSD – Friday, June 29
EURUSD Pair First, we look into the yesterday trade and what happened on June 28, 2018, and it opened at 1.1551 and went high at 1.1600 and gone low 1.1527 and finally closed at 1.1567. The calculated pivot point for the day is 1.1564 The difference between high and low was nearly 73 pips and […]
Why Oil Prices Are Surging
Oil prices rose last week to the highest levels since 2014. What was behind this price surge? Ironically, it was an announcement by OPEC that it would increase production. Oil prices had weakened over the past month following a call from President Trump for OPEC to increase production in response to rising oil prices. After rising above $70 per […]
