Crude oil prices are stuck between a rock and a range with seasonal weakness, as well as the promise of more oil production, which is alleviating fears of a tightening global marketplace. On Friday, the market was looking for a reason to rally or break. It got the reason to break on a report by […]
Crude oil: Rock and range Read More »
Market events to watch this week …read more From:: Resource Investor
Market events to watch for the week of July 30 Read More »
The U.S. dollar is mixed on Friday against major pairs. The U.S. economy grew at a 4.1% pace on the second quarter according to the first estimate. The number came in right on the forecast which had no positive effect for the U.S. dollar, but it did validate the U.S. Federal Reserve decision to keep
Dollar mixed ahead of busy week Read More »
A daily summary of high-profile members of several complexes. A daily summary of high-profile members of several complexes. …read more From:: Resource Investor
Afternoon look at gold, crude, Treasuries & more Read More »
AlphaBot, a company that combines portfolio construction and execution, professional networking, cloud computing and data management all in one place, today announced it has added performance data and analysis tools enabling investors for the first time to compare, portfolio build, and compile reports on more than 1,600 cryptocurrencies and tokens. …read more From:: Resource Investor
Alphabot adds performance data for more than 1,600 cryptocurrencies Read More »
In reaction to today’s U.S. GDP release, the U.S. dollar eased back slightly after it had staged a bounce the day before. As my colleague Matt Weller reported earlier, the first estimate of second-quarter growth for the world’s largest economy came in at 4.1% annualized, the highest rate since 2014. …read more From:: Resource Investor
Super Week Ahead: BOE, BOJ, FED & NFP Read More »
The week of July 30 presents breakout traders gold, Eurodollar and crude oil setups. All three are in narrow ranges on multiple time frames with inside-range pivots, compared to this week. Monthly pivots are also inside-range on the Eurodollar and crude oil, making this a time-pivots breakout as well. If one considers the last 10
Major Market Ranges for the Week of July 30: Range Breaks, Pivot Breaks, Time Breaks Read More »
All three of these currency pairs–the euro/U.S. dollar (EUR/USD), Aussie dollar/U.S. dollar (AUD/USD) and the British pound/U.S. dollar (GBP/USD) — currency look great and are easy to count. Looking first at the GBP/USD, we see a five-wave drop in play down from 1.3213 area which is a trait of a bearish impulse, and which suggest
Elliott Wave Analysis: These three pairs are looking good Read More »
Facebook lost about $119 billion of its value on Thursday, marking the biggest one-day loss in U.S. market history. The company’s shares plunged $41.24, or almost 19%, to $176.26 a day after the social media giant reported disappointing results. The slide is the largest decline in market capitalization in history, exceeding Intel’s $91 billion single-day
Facebook stock faces its largest one-day drop, Twitter drops too Read More »
Global risk sentiment remains somewhat supported by easing trade tensions between Washington and Brussels with stock markets poised to conclude the trading week on a firm footing. Asian stocks have already closed on a mixed note this morning, with European markets stabilizing ahead of the anticipated U.S. GDP report this afternoon. Although the gut-wrenching selloff
King Dollar stands tall ahead of GDP, Gold drops Read More »
