The U.S. dollar rally continues to gather steam as it appreciated against major pairs for a third week. The U.S. nonfarm payrolls (NFP) provided little support with a miss in both the headline job number and the much-anticipated wage growth component. The main takeaway from the jobs report was the drop in the employment rate […]
Dollar keeps going strong as growth concerns rise in Europe Read More »
Market events to watch this week …read more From:: Resource Investor
Market events to watch for the week of May 7 Read More »
A daily summary of high-profile members of several complexes. …read more From:: Resource Investor
Gold ignores jobs report; Treasuries reverse Read More »
One of the weakest currencies of late has been the pound. It has fallen viciously ever since the Bank of England Governor Mark Carney strongly hinted at the prospects of no interest rate rises this month, owing to weakness in UK data. Well, the BoE is meeting next (Super) Thursday when the bank will also
GBP/USD revival likely as dovish BoE may be priced in Read More »
My euro bear trade hit all targets early, and I anticipated a Wave Two bounce, but the yen is the symbol tossing a three-day chart hammer candlestick my way on my projected weekly lows and Camarilla pivots (weekly and monthly), with overhead targets of 0.009250-.009300 are expected should it rally. …read more From:: Resource Investor
Major market ranges for the week of May 7: Yen, gold & index bulls en route Read More »
We gear up for Nonfarm Payroll this morning after weathering a test below the 200-day moving average for the first time since April 6th. The key takeaway, for us, from yesterday is not only the failure to trade below, stay below and even close near the 200-day moving average, it was and has been the
Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries Read More »
Asian stock markets fell while the Japanese Yen held steady, as investors closely monitored tense trade talks between the United States and China, in Beijing. …read more From:: Resource Investor
Morning focus: China trade talks, dollar & jobs report 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, May 3, 2018. …read more From:: Resource Investor
Daily Price Action: E-mini S&P 500 Read More »
There’s still no end in sight for the downturn in Eurozone data. After mostly disappointing economic pointers throughout much of the first quarter, this morning we found out that German business confidence was actually gloomier than previously thought in April. The Services PMI was revised downwards, falling to its lowest level in more than 18
Eurozone data weakness persists ahead of US employment report Read More »
Crude oil prices are walking a tightrope as attempts to break out in either direction this week have failed. More questions and fewer answers. The oil trade is marking time as it waits to see whether the United States will walk away from the Iranian trade deal or if Iran decides to negotiate, which is
