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Chinese Imports Of US Crude Have “Totally Stopped” As Tariff Threats Persist

Chinese Imports Of US Crude Have “Totally Stopped” As Tariff Threats Persist

It has been roughly two months since China threatened to impose a 25% tariff on US energy imports (it eventually went back on those threats), and less than two weeks since the latest round of tariffs has been implemented. But even as China has shied away from its threats to punish the US energy industry, Reuters data are showing […]
Gold Falls After Strong U.S.

Gold Falls After Strong U.S.

Gold prices fell $6.12 an ounce on Wednesday as the dollar rallied on the back of better-than-expected economic data. The private sector added 230000 jobs in September, according to the ADP’s National Employment Report. The Institute for Supply Management said its index of non-manufacturing activity jumped to 61.6 from 58.5 a month earlier. Market participants […]
High Oil Prices Don’t Constitute An Emergency

High Oil Prices Don’t Constitute An Emergency

Saudi Arabia claims spare oil production capacity, but those claims may be tested as sanctions start to impact Iran’s oil exports. As U.S. sanctions on Iran have forced some countries to stop importing oil from Iran, crude oil prices have inevitably risen. The U.S. started down this path earlier this year when President Trump announced the […]
EUR/USD Bearish Impulse Breaks 1.15 Round Level

EUR/USD Bearish Impulse Breaks 1.15 Round Level

EUR/USD 4 hour Source: Admiral Markets MT5 with MT5 EUR/USD motive wave – Accessed 4 October 2018 at 5:00 AM GMT The EURUSD currency pair made a bearish break below the major support trend line (dotted green) and the round level of 1.15. The bearish breakout and candlestick patterns could indicate a change of trend and make a bearish continuation more likely. This makes it […]
Stocks For You To Swing-Trade: GOOGL, HAL, CMA

Stocks For You To Swing-Trade: GOOGL, HAL, CMA

Thursday’s Swing-Trades: Long Alphabet (GOOGL) Long Halliburton (HAL) Short Comerica (CMA)
EUR/USD Can Extend Its Falls And Also Lose 1.1400

EUR/USD Can Extend Its Falls And Also Lose 1.1400

The EUR/USD tumbled down below 1.1500 as the US Dollar swept higher alongside rising bond yields, upbeat data, and a hawkish speech by Powell. What’s next? The Technical Confluences Indicator shows that the world’s most popular currency pair is struggling with a cluster of resistance around 1.1485. The congestion consists of the Bollinger Band 15m-Upper, the BB 4h-Lower, the Simple […]
AUDUSD Daily Analysis – Thursday, Oct. 4

AUDUSD Daily Analysis – Thursday, Oct. 4

AUDUSD is facing 0.7085 support, a breakdown below this level could trigger further downside movement towards 0.7000. Near-term resistance is at 0.7130, only a break of this level could bring the price back towards the falling trend line on the 4-hour chart.
Median New Home Sale Prices Edge Toward Greater Affordability

Median New Home Sale Prices Edge Toward Greater Affordability

August 2018 saw the continuation of a relatively new trend for the relative affordability of new homes in the United States, where the median new home sale price was 5.35 times the estimate of median household income for the month. That ratio had peaked at 5.45 in February 2018, when in the months since, it […]
Sensex Falls Over 490 Points; Rupee Sinks To Historic Low

Sensex Falls Over 490 Points; Rupee Sinks To Historic Low

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.2% while the Hang Seng is down 1.6%. The Shanghai Composite is trading up by 1.1%. Wall Street advanced on Wednesday and the Dow Jones Industrial Average closed at a record for a second day, after US economic data fueled a rise in Treasury […]
S&P 500 And Nasdaq 100 Forecast – Thursday, Oct. 4

S&P 500 And Nasdaq 100 Forecast – Thursday, Oct. 4

S&P 500 The S&P 500 has rallied a bit during the trading session on Wednesday, reaching towards the highs again. It looks like it is going to be difficult to break above the 2950 level and considering that tomorrow is going to be Nonfarm Payroll Friday, I wouldn’t expect it to. I think in the […]