Resource Investor

European politics …read more From:: Resource Investor

Crude oil prices are still reeling from the threat that OPEC and Russia may raise output and fear that turmoil in Italy could cause larger problems in the Eurozone. This comes as sub-tropical Storm Alberto poured a lot of rain in Florida denting some gasoline demand. While it looks like the first hurdle of getting

A negative vibe is being felt across the financial markets, as political chaos in Italy has caused an eruption of risk aversion and revived fears over a possible Eurozone breakup. …read more From:: Resource Investor

Sentiment has been dominated in recent times by political turmoil in Italy, which took another twist at the weekend following the breakdown in the coalition between the Five Star Movement and the League. …read more From:: Resource Investor

The U.S. dollar was up against majors pairs on Friday ahead of the release of employment data in America. On a weekly basis the greenback gained against the Canadian dollar (CAD), euro (EUR) and the British pound (GBP), but lost ground against the Japanese yen (JPY), Aussie dollar (AUD) and the Swiss franc (CHF) after

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

Gold has managed to hold onto a significant chunk of its gains made yesterday despite the U.S. trading conciliatory messages with North Korea again, something which has boosted the global stock markets and the U.S. dollar. This comes after Donald Trump yesterday canceled the June 12 meeting with Kim Jong Un, which triggered a risk-off

The coming week (May 29-June1) will trend a bit more and in more symbols than this closing week (May 25), according to pivot math. A few narrow-range breakout setups exist, and gold already started its wide-range upturn. Crude Oil has a pivots-based breakout setup on weekly pivots, a weekly chart bearish inverted hammer sell signal

On the daily chart of the U.S. dollar/Japanese yen (USD/JPY) currency pair we see price trading in a bigger, complex and slow corrective pattern, which is in Elliott wave theory known as a triangle. A triangle has five waves, and each of the five waves has three minor legs, however, one wave in a triangle

It’s remarkable that just hours after President Donald Trump suddenly axed his highly anticipated June summit with Kim Jong-Un in Singapore, North Korea unexpectedly offered an olive branch. …read more From:: Resource Investor