The coming week (June 18-22) should continue the trend of trending symbols. The only potential exceptions are gold and soybeans whose weekly pivots are sideways for reversal scalpers and who already made a wide-range move likely to consolidate sideways. However, both gold and beans have trending monthly pivots–a wild card working against my Iron Condor […]
Major market ranges & directions for the week of June 18 Read More »
The Aussie/U.S. dollar currency pair made a strong and firm break below the 0.7512 bearish level and the lower corrective channel line. The U.S. dollar/Swiss franc currency pair is trading higher today, unfolding a nice and clear bullish structure from the 0.9786 low. …read more From:: Resource Investor
Elliott wave Analysis: AUD/USD & USD/CHF Read More »
The Aussie/U.S. dollar currency pair made a strong and firm break below the 0.7512 bearish level and the lower corrective channel line. The U.S. dollar/Swiss franc currency pair is trading higher today, unfolding a nice and clear bullish structure from the 0.9786 low. …read more From:: Resource Investor
The Aussie/dollar breaks below this level Read More »
It’s been a relatively mixed start to trading in Europe on Friday and the United States is on course to post small losses at the open, as the focus shifts from central banks back to trade. …read more From:: Resource Investor
Markets under pressure ahead of tariff announcement Read More »
The euro/British pound (EUR/GBP) currency pair could be on the verge of a breakdown after the European Central Bank’s policy decision on Thursday. While the central bank’s plan to end quantitative easing programme at the end of the year was a hawkish development, investors had already priced in that decision. …read more From:: Resource Investor
EUR/GBP on the brink as ECB-BoE policy divergence widens again Read More »
E-mini S&P 500 (September) Yesterday’s close (Thursday, June 14): Settled at 2788.50, up 9.50 …read more From:: Resource Investor
Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries Read More »
This week has all been about major central bank meetings and as we had anticipated last week, it was indeed the European Central Bank that caused the most market impact with its decision. The euro/U.S. dollar (EUR/USD) currency pair almost fell 300 pips from its high on Thursday and European stocks rallied sharply after the
Central Banks recap and week ahead: Speeches, BoE, SNB and OPEC 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 Thursday, June 14, 2018. …read more From:: Resource Investor
Daily Price Action: E-mini S&P 500 Read More »
As Russia smoked Saudi Arabia in the World Cup, crude oil ministers from those two countries signaled that indeed OPEC and Non-OPEC countries will be raising oil output. Saudi Arabia’s oil minister said it is “inevitable” that OPEC and Russian production will rise by what he says is a “reasonable and moderate” amount. T …read
Maybe OPEC should stand pat Read More »
The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi
Can Saudi Arabia prevent the next oil shock? Read More »
