Resource Investor

It’s been a quiet start for traditional economic data, with a slight miss in U.S. existing home sales the only headline of note. That situation is likely to change as we move through the week though, with tomorrow’s European Manufacturing and Services PMI reports providing an up-to-date read on the Eurozone economy. …read more From:: […]

The week of July 23 will likely continue the “low-reversals-consolidations” theme of the prior week (July 16-20). The swing low of gold is in/here, in my opinion (see chart grid below). Do not initiate gold short side positions. Soybeans with a bearish daily & bullish weekly chart and Bitcoin with a 3-Day & Daily Chart

The dollar resumed its slide on Monday morning as trade jitters seem to have stepped up, further threatening a currency war. President Donald Trump publicly criticized the Federal Reserve’s tightening policy on Friday, stating that “the United States should not be penalized because (they) are doing so well” — in his opinion, tightening now is

Last week at this time we were working on a high that hit at the beginning of the window and, indeed, patterns started to roll over. NFLX had a terrible earnings report and got crushed in the aftermarket last Monday night. That’s fair enough. But on Tuesday it put in what is called a bullish

Equity markets around much of the globe are slightly soft to stable to start the week. The Nikkei is down 1.3% on speculation that the Bank of Japan could tighten up the timeframe in unwinding its ultra-loose monetary policy at their meeting next week. A stronger Yen has helped play into the weaker dollar and

Equity markets are trading slightly in the red at the start of the week, a reflection of the slightly risk-averse tone stemming from the prospect of the trade conflict escalating in the coming months. …read more From:: Resource Investor

The U.S. dollar/Canadian dollar (USD/CAD) slumped on Friday following the release of stronger Canadian data, while the U.S. dollar pulled back across the board amid profit-taking and after President Donald Trump had criticised the Federal Reserve’s interest rate rises the day before. Canada’s retail sales rose 2.0% month-over-month in May versus 1.0% expected with core

The rhetoric is running high as President Donald Trump continues his hard line on Iran. It seems that Iran’s President Hassan Rouhani took exception to that fact that the Trump Administration wants to reduce Iran’s oil exports to zero. Rouhani said that “America should know that peace with Iran is the mother of all peace,

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

The U.S. dollar fell against major pairs on Friday after U.S. President Donald Trump tweeted that China and the European Union manipulate their currencies. Trade war escalation has reached the second phase at a time when American politics are having an identity crisis with the ongoing Russian interference during the 2016 elections. Steven Mnuchin will