Resource Investor

A daily summary of high-profile members of several complexes. …read more From:: Resource Investor

There are no two ways about it: 2018 has been an absolutely brutal year for gold bulls. The yellow metal came into the year with some impressive momentum, rallying from around $1240 in mid-December to hit a peak above $1,360 per oz. by late January, but the proverbial “wheels have fallen off” since then. …read

The week of Aug. 6 presents the start of a massive crude oil price move. It also offers weekly and monthly trending pivots in the Japanese yen, near weekly-chart lows. The Eurodollar has higher monthly pivots overlapping last month’s pivots, forming a range break setup in trending pivot math for the next four weeks and

A word of caution to anyone who thinks trading is a passive exercise. Yes, Facebook got taken to the woodshed right there in the 618th day of the rally. The stock has not recovered and with a screaming headline at Drudge this morning, it appears they aren’t learning their lesson. They will continue to invite

After minor overnight volatility, U.S, European, Japanese and Hong Kong benchmarks are near unchanged but those from China are deeply in the red. The German DAX took a sweeping hit after a big miss on Factory Orders this morning but has regained positive; Euro weakness is supportive. In an editorial in its state-run newspaper to

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Friday, Aug. 3, 2018. …read more From:: Resource Investor

Crude oil prices are rising. We have a falling U.S. oil rig count and a surprise drop in Saudi oil production, against a backdrop of increasing geopolitical risk. Baker Hughes’ oil rig was countdown two, gas rig count dipped by three. …read more From:: Resource Investor

The dollar has remained bid against most currencies post-Friday’s U.S. jobs report. The greenback rose on Friday in reaction to the mixed-bag nonfarm payrolls report which showed a weaker-than-expected headline number, but that was offset by positive revisions to the previous reports and a decent but expected rise in average hourly earnings figure. …read more

Escalating trade tensions between the U.S. and China remain the financial markets’ hottest topic. President Donald Trump seems to be celebrating winning the first battle of this war, saying that “tariffs are working big time” in a Tweet on Sunday. He says that they will enable the U.S. to start reducing the large amount of

After a significantly busy week, things are understandably going to be quieter next week. After all, we’ve already had three major central bank rate decisions from the likes of the BoJ, BoE and Fed and also some really important economic data, including the U.S. Non-farm payrolls report. But despair not, we will still have two