Resource Investor

U.S. futures are pointing slightly higher again on Wednesday as indices look to extend the winning streak to three sessions on the back of strong earnings reports. Investors have been encouraged by the results we’ve seen so far, with lower taxes not the only thing providing a big lift to the bottom line, although they […]

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 Tuesday, July 24, 2018. …read more From:: Resource Investor

Bitcoin has risen further higher today, climbing for a time above $8350 – its best level since May 21. As a result of the rally, BTC/USD has broken even more short-term resistance levels. This is an indication that the bulls are regaining control, at least in the short term. But whether or not we will

China’s yuan is back under pressure, as the dollar bulls returned and the People’s Bank of China seems to be shifting towards a looser monetary policy to offset the impact of U.S. trade tariffs & slowing domestic economy. The PBoC injected a record $74 billion of Medium-Term Lending Facility credit into major banks yesterday. This

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 Tuesday, July 17, 2018. …read more From:: Resource Investor

E-mini S&P 500 (September) Yesterday’s close: Settled at 2812, up 11.25 …read more From:: Resource Investor

For now, though the USD/JPY is clinging onto an important bullish trend line after the rally came to an abrupt halt around the 113 handle last week. While a couple of important support levels such as 112.05 and 111.35 have broken down, the USD/JPY is yet to break its market structure of higher highs and

Gold bulls were offered a temporary lifeline in the form of dollar weakness on Tuesday with prices rebounding toward $1,226 per oz. as of writing. While the yellow metal has scope to venture higher in the near term if the dollar continues to soften, the medium-to-longer term outlook remains tilted to the downside. …read more

Crude oil prices are on a wild ride. Oil prices rallied as hot rhetoric between the United States and Iran heated up. They sold off on data from Genscape that showed an 83,106 barrel increase in supply in Cushing, Okla., since Tuesday, and after reports of the return of some Libyan oil. Reports show that

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