Resource Investor

The euro ran stops, taking out the low from Friday after Nonfarm Payroll shortly before Atlanta Fed President Bostic spoke this morning. …read more From:: Resource Investor

The U.S. dollar/Canadian dollar (USD/CAD) currency pair, which tends to move inversely with oil prices, has finally broken out above the key 1.2900/20 resistance zone after spending several days in a tight consolidation range. …read more From:: Resource Investor

Crude oil prices surged closing at above $70 a barrel for the first time in three-and-a-half years, only to have a nuclear meltdown in aftermarket trading. WTI further set a record 2.7 million contracts of open interest but fell hard after President Donald Trump tweeted that he would announce his decision on the Iran nuclear

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 Monday, May 7, 2018. …read more From:: Resource Investor

Since January I’ve been bearish and I’ve been right. To possibly have to change that bias now could become a pride issue. Am I and those like me to prideful in our views to admit the possibility the market can go back into a sustained rally. Let’s look at the readings. For three months I’ve

Persistent fears that President Donald Trump will pull out of the Iran nuclear deal later this week have played a pivotal role behind the price of U.S. crude oil rising above $70 for the first time since November 2014 during early morning trading. …read more From:: Resource Investor

U.S. equities rallied sharply at the end of last week as did the dollar, despite the NFP disappointment. The headline number for the rise in jobs came short of analysts’ expectations, “164K vs. 193K forecast,” but the previous month’s figure was revised up by 32,000. Average hourly earnings also came in below expectations, growing by

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, May 4, 2018. …read more From:: Resource Investor

U.S. equity benchmarks ripped higher on Friday after Average Hourly Earnings missed expectations and came in at +0.1%. Additionally, last month’s +0.3% was revised down to +0.2%. Job growth was solid at 164,000 and though below the 189,000 expected, last month was revised up to 135,000 from 103,000; making up the difference. …read more From::

Crude oil prices face a day of reckoning as the United States decides whether it will remain in the Iranian nuclear accord, as well as the realization is that due to underinvestment in oil, it might be difficult to replace Iranian oil if it is taken off the market. …read more From:: Resource Investor