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Gold Inches Down As Dollar Firms

Gold Inches Down As Dollar Firms

Gold prices ended Monday’s session down $3.45 an ounce, pressured by a firmer dollar and keener risk appetite in the world marketplace. The dollar has been supported by expectations the Federal Reserve will continue to raise interest rates. U.S. stock indexes and bond yields jumped at the start of the week on news of a […]
USD/JPY Bullish Impulse Builds Bull Flag At 114

USD/JPY Bullish Impulse Builds Bull Flag At 114

USD/JPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – Accessed 2 October 2018 at 5:00 AM GMT The USDJPY currency pair is making a small consolidation zone at the -100% Fibonacci target near 114, which is a new decision zone for a bullish breakout or a bearish bounce. The candlestick patterns will confirm the immediate direction, but ultimately, the trend remains bullish […]
Stocks Outlook – Tuesday, Oct. 2

Stocks Outlook – Tuesday, Oct. 2

Thoughts More than 80% of U.S. IPO’s lose money. Why this isn’t a bearish sign for the stock market. Durable goods continues to trend higher. This confirms the bull market’s rally. ISM Manufacturing is fell a little but is still trending higher. Medium term bullish for stocks. Mergers & Acquisitions will probably boom in 2019, […]
AUDUSD Daily Analysis – Tuesday, Oct. 2

AUDUSD Daily Analysis – Tuesday, Oct. 2

AUDUSD remains in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 0.7202 support could take the price to 0.7150 area. Resistance is at 0.7250, as long as this level holds, the downtrend will continue.
Crude Oil Prices Soar As Iran Exports Plunge, API Inventory Data Due

Crude Oil Prices Soar As Iran Exports Plunge, API Inventory Data Due

Crude oil prices surged after Bloomberg reported tanker tracking data showing exports from Iran fell to a 2.5-year low at 1.72 million barrels in September. This is before the looming re-imposition of US sanctions, which follows the Trump administration’s decision to withdraw from a nuclear disarmament accord with Tehran agreed to by former President Barack Obama. Gold prices marked time […]
GBP/USD Targets 1.2870 And A Recovery May Be Hard

GBP/USD Targets 1.2870 And A Recovery May Be Hard

The GBP/USD is under pressure as the US Dollar gains strength across the board and worries about Brexit consume the Conservative Party. Where next for the Pound? Recovering may be hard, and falling is more natural. The Technical Confluences Indicator shows that Sterling has noteworthy support only at 1.2984 where we see the confluence of the Fibonacci 61.8% one-month and the Simple […]
Stocks For You To Swing-Trade: JEC, GILD, PRTY

Stocks For You To Swing-Trade: JEC, GILD, PRTY

Tuesday’s Swing-Trades: Long Jacobs Engineering Group (JEC) Long Gilead Sciences (GILD) Short Party City (PRTY)
S&P 500 And Nasdaq 100 Forecast – Tuesday, Oct. 2

S&P 500 And Nasdaq 100 Forecast – Tuesday, Oct. 2

S&P 500 The S&P 500 rallied during the day on Monday on news that the United States and Canada reached a trade agreement. This was a very strong sign for markets, and of course, it was one of the things that some traders had been worried about. However, towards the end of the day, we […]
China’s Industrial Dollar

China’s Industrial Dollar

In December 2006, just weeks before the outbreak of “unforeseen” crisis, then-Federal Reserve Chairman Ben Bernanke discussed the breathtaking advance of China’s economy. He was in Beijing for a monetary conference, and the unofficial theme of his speech, as I read it, was “you can do better.” While economic gains were substantial, he said, they were […]
Gold Prices Outlook For 2019: List Of Bullish Big Banks Gets Bigger

Gold Prices Outlook For 2019: List Of Bullish Big Banks Gets Bigger

Bank of America Expects Gold Prices to Soar to $1,350 in 2019 In the past few years, it seemed as if the whole world was bearish on gold. The yellow precious metal was called a pet rock, a useless asset, and other such names. Here’s the thing: we are seeing that sentiment change. Big banks […]