Resource Investor

The British pound/U.S. dollar (GBP/USD) currency pair has remained largely supported after the Bank of England’s policy decision on Thursday. The BoE decided to keep interest rates unchanged last week but the meeting was nonetheless seen as being hawkish since three MPC members voted for a rate hike rather than just the two expected. The […]

The market is starting to look like it is rolling over for real. My new Kairos 2.0 indicators are giving me great intel on these charts and, specifically, we’ve been looking at the CAC, FTSE and the HGX. All three extended losses last week. It finally came to the point where the Dow, as well

All eyes are on the Turkish Lira this morning with the currency rallying sharply in early trade today, following the news that Turkish President Recep Tayyip Erdogan has won the weekend election in Turkey. The Lira had advanced as much as 3% at time of writing with the currency currently standing as the only emerging

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, June 22, 2018. …read more From:: Resource Investor

All is well in OPEC land. OPEC kept it together with a unanimous deal, even though there is still disagreement on what the deal in Vienna means. Post OPEC, we have a rising dollar on China/U.S. trade tensions and a major Canadian oil sands outage that will buoy U.S. prices. …read more From:: Resource Investor

OPEC agreed to a modest lift in output of 1,000,000 barrels per day (B/D) at the 7th OPEC International Seminar in Vienna. Further inspection reveals that the actual increase will be approximately 700,000 (B/D) due to capacity constraints, as some member countries don’t have the means to produce more oil. Traders will note that the

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

Global markets were thrown into flux once again when (yet again) U.S. President Donald Trump poured gasoline on the simmering “Trade War” fire. …read more From:: Resource Investor

The U.S. dollar is mixed against major pairs. Safe havens like the Swiss franc, Japanese yen and the euro have gained against the greenback, while the Canadian and New Zealand dollars along with the pound are lower. Strong data in Europe boosted the single currency but the rally was short-lived after the Trump administration announced

The coming week (June 25-29) should continue the minimally reversing, trending markets moves, but with the addition of rowdy bullhorns in several symbols. The only potential mathematic exceptions are crude oil, soybeans and bitcoin. …read more From:: Resource Investor