Resource Investor

Market events to watch this week. …read more From:: Resource Investor

The U.S. dollar fell on Friday after the U.S. Non-farm payrolls (NFP) came in below expectations with only a gain of 157,000, but otherwise the unemployment rate dropped to 3.9% and wage growth remained unchanged at 0.3%. …read more From:: Resource Investor

It’s official—Apple is now the first $1 trillion publicly listed U.S. company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. …read more From:: Resource Investor

As expected, after the nonfarm payroll report the U.S. dollar/Japanese yen (USD/JPY) currency pair dropped perfectly from projected resistance,. …read more From:: Resource Investor

U.S equity benchmarks melted higher yesterday. The S&P hit our major three-star support dead on early in the session before reversing strongly and settling right at major three-star resistance. The two biggest companies in the world did what they do best; lead. Apple gained another 3% yesterday, tallying a near 10% gain on the week

As we noted yesterday ahead of today’s NFP release, “[There have been] no signs that a pickup in price pressures is imminent, [and therefore] the Federal Reserve is content to stick with its gradual, every-other-meeting rate hike schedule…”. Today’s U.S. jobs report will do little to blow the Fed off course. …read more From:: Resource

Snapback after a whack, give a dog a bone, this old man comes rolling home. It looked doomy and gloomy in crude oil for a while as trade war fears and reports of increases in OPEC and Russian oil production weighed on market psyche. Yet, after a report about another drop in supply in the

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 Thursday, Aug. 2, 2018. …read more From:: Resource Investor

Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9%, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance. …read more From:: Resource Investor

Before this eventful week is over, there’s just the small matter of the U.S. monthly employment report to consider. Ahead of the release of the nonfarm payrolls data, the US dollar has regained its poise slightly, although it still remains stuck inside the one-month-old range. Could the NFP cause it to finally break out in