Market Recap - US Dollar Weakened, Commodities Enjoyed The Benefits
7 months ago
US bourses closed on a positive note yesterday with the Dow outperforming trading higher by 1.40%. In the Asia Pac area it was pretty much the same story as the Nikkei 225 rose nearly 1%, ASX half a percent and the Shanghai C...
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27205 views
Nasdaq Closed At Record Highs Once Again
7 months ago
Over in the States, the Nasdaq closed at record highs once again for the second day this week and the S&P and Dow traded largely flat. Over in the Asia Pac area markets traded mixed as the ASX (0.50%) and the Nikkei (0.36...
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27392 views
Sharp Decline In The Price Of Oil, Currently Trading Around $64.87
7 months ago
We have just seen a sharp move down in WTI (5 min chart) after the U.S. government was said to have quietly asked Saudi Arabia and some other OPEC producers to increase their oil production by about 1 million barrel...
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27767 views
EUR/USD - Where Could We Go Next?
7 months ago
EU retail sales is never a major mover of the EUR, but under the circumstances, could at least weigh little to cause some underperformance in the crosses.
EUR/USD looks tired on the downside, so we are more likely to see a...
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29077 views
Recap: US indices Traded In The Green Yesterday As The Tech Sector
7 months ago
US indices traded in the green yesterday as the tech sector outperformed, as the Nasdaq closed at record highs. In the Asia Pac area we have traded mixed, the Shanghai Comp. (0.48%) and Nikkei (0.27%) both traded in the black...
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29690 views
Oil Breaks Support Level - 0.81% Lower On Today's Session
7 months ago
Goldman Sachs commented on oil markets this morning saying 'Robust US Oil Demand Trends Continued In March, Overall Demand Rose By 2.6% (Estimate 1.0%)' and looking forward they see 1.8 Mn BpdIn 2018 Gl...
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29543 views
US Dollar Pullbacks With Expectations Of A Retracement
7 months ago
Markets have stumbled back into action today more than anything else, with the USD pullback testing some acknowledged levels against the majors but running into good support as rate differentials remain a key driver for some....
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30424 views
Copper Is Trading 0.20% Higher This Morning
7 months ago
Asian shares made a move in the right direction as they react to last weeks jobs report, shrugging off negative sentiment from the trade wars. The Nikkei performed well rising 1.39%, ASX 0.59% and the Shanghai Comp. 0.60%, wi...
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30441 views
Oil collapses from highs, expecting $64.30 to be achieved
7 months ago
Spot WTI has fallen heavily from highs since there has been a suggestion of OPEC removing the production cuts. At key support points, there have been bids entering the market which does suggest that traders are looking for a ...
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33179 views
Gold has suffered from the strength in the US Dollar
7 months ago
Gold has suffered from the strength in the US Dollar of late and a strong payroll report didn't do much for the precious metal either. Moves to the upside are favorable if the trendline in the chart holds. Having said tha...
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33576 views
Little reason to shy away from USD
7 months ago
The USD looks slightly toppy at these levels but that's not to say it will not retest the highs. Any close below 94 would be a strong indication that the market is fed up with the strong USD narrative. The 95 level ...
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33261 views
The tide has certainly turned in the EUR/USD...
7 months ago
Above is the daily chart and below is the weekly, currently they are painting two different pictures. From a technical perspective, the daily is looking like a trend following the pattern and a close on Monday below...
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34734 views
