Global equity markets were mostly mixed while the Dollar dipped ahead of Fed Chair Jerome Powell’s first Congressional testimony later today. Powell’s testimony could offer investors a fresh opportunity to appraise the Federal Reserve’s monetary policy approach for the second half of 2018. The central bank head is expected to reiterate that the Federal Reserve […]
Dollar softens ahead of Powell testimony, Pound wobbles Read More »
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, July 13, 2018. …read more From:: Resource Investor
Daily Price Action: E-mini S&P 500 Read More »
Crude prices got whacked on oil supply, real and imagined. Talk of futures strategic petroleum reserve releases along with signs of real increases of production in some OPEC countries sent oil into the basement. Weak economic data out of China and some warnings about trade wars by the International Monetary Fund did not help and
Crude, real and imagined Read More »
The dollar started the new week lower, supporting the major currency pairs such as the euro/U.S. dollar (EUR/USD) currency pair and poubd//U.S. dollar (GBP/USD) currency pair this morning. There wasn’t any fresh news out to impact the greenback, so its weakness can be attributed in part to profit-taking. …read more From:: Resource Investor
Pound faces key test Read More »
Following the relentless rally throughout last year, the price action in the major US stock market indices over the last six months has felt like purgatory. After seeing a blowoff top to new record highs at 2875, the S&P 500 has been consolidating in a lackluster range between 2600 and 2800 since the start of
S&P 500: Stocks testing six-month highs on the eve of earnings season Read More »
Have we reached the zero hour? Time windows don’t have to validate although much of the time they do. I can tell you one thing, we have a very interesting news event at day 610 off the February 2016 bottom. U.S. President Donald Trump and Russian president Vladimir Putin are meeting as I’m writing this.
In early trade, Dow is a big nothing burger Read More »
Today’s meeting between President Trump and Russian President Putin is more symbolic than anything. Sanctions, the U.S election meddling and Syria are expected topics, but we are unlikely to find real substance coming from this headline-grabbing summit. Earnings and economic data are the headlines we are paying attention to most closely this morning. …read more
Daily markets morning round-up: E-mini S&P, gold & crude Read More »
The world’s oil-consuming nations are showing growing unease about the rapidly tightening global crude oil market and are considering releasing oil from their strategic petroleum reserves. On Friday, Bloomberg News reported that the Trump Administration is reviewing options ranging from a 5 million-barrel test sale to the release of 30 million barrels from its oil
Going to the bullpen with crude Read More »
Market events to watch for the week of July 16 …read more From:: Resource Investor
Market events to watch for the week of July 16 Read More »
The U.S. dollar was higher across the board against major pairs on Friday. Trade war concerns rose heading into the weekend and the comments from U.S. President Donald Trump during the week sparked a rally of USD buying. Trump has been outspoken on NATO, trade and the Brexit deal while economic indicators and the US
Trade war and Trump European trip boost US dollar Read More »
