Resource Investor

The past few days have not been kind to the Euro, which has tumbled to levels not seen since July 2017 amid the brewing political chaos in Italy. With recent media reports stating that Italy’s PM-designate Carlo Cottarelli has simply failed to garner any support from major political parties, President Sergio Mattarella could dissolve Parliament […]

Major U.S. benchmarks are bouncing back this morning after the Italian crisis rolled fear across the globe. Though the picture is still very unclear, both anti-establishment parties are supposedly back to the drawing board and willing to pick another name to become Finance Minister. Remember, the major issue was that their previous choice, an 81-year

While the focus of the wider market will undoubtedly remain largely on Italy and the ongoing volatility in the bond and stock markets, some forex traders’ focus will momentarily turn away from politics and back to economic fundamentals today. That’s because we have key data coming from the United States later on today while the

Crude oil prices are trying to stabilize as the market is reeling from the seasonal peak in the gasoline switchover, a potential rise in OPEC and Non-OPEC production and sanctions on China. Tough talk on NAFTA negotiations as well as a created political crisis in Italy. …read more From:: Resource Investor

U.S. futures are paring losses ahead of the open on Wednesday, similar to the moves we’re seeing in Europe as political uncertainty in Italy continues to act as a drag on risk appetite. …read more From:: Resource Investor

As Bitcoin is going down, we’re seeing more and more information on how the currency is in a precarious position or how the prospects of the currency are bleak. …read more From:: Resource Investor

E.S.C. Coppock introduced the indicator in Barron’s in October 1965. The goal of this indicator is to identify long-term buying opportunities in the S&P 500 and Dow Jones Industrial Index. The signal is very simple. Coppock used monthly data to identify buying opportunities when the indicator moved from negative territory to positive territory. …read more

CME Group Bitcoin futures for May (K) contract expired this morning. The Bitcoin Reference Rate settled at $7,493.94 and trading in May futures straddled the theoretical rate by $10 early in pricing period and $5 in last 10 minutes of pricing period. CryptoFacilities publishes the Reference Rate and more info can be found here. …read

Right now, we have a divergent market where the Dow is still wrestling with the middle of the range while the small caps are leading to the upside. The wild card could now be oil stocks now that oil peaked in its 233-day window and made a hard-right turn through near-term resistance. As you can

July soybean futures finished Friday’s session up 5-¼ cents which put them up 44 ¼ cents for the week. Thanks to the big gap higher last Monday, futures traded in just a 28-¼ cent range. Friday’sCommitment of Traders report showed that managed money sold 6,276 futures from May 15th-May 22nd; this puts their net long