S&P 500 Reverses from Record High, Turning to Dow Chart for Cues
Yesterday, the S&P traded to a new record high before slipping; attention is on the Dow and a chart pattern coming into view.
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S&P 500 May Continue to Trade Higher According to Sentiment
The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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Crude Oil Price Forecast: Oil Rises For 5th Day on Huge Stockpile Drop
A steep drop in US crude stockpiles on Wednesday are aligning with a jump in backwardation, which may mean the bulls remain in control despite recent demand concerns.
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EUR/JPY Bounce Up to Fibonacci Resistance After Early-Month Breakdown
The Euro has put in a week of recovery after the earlier-month breakdown saw more than 600 pips taken out of EUR/JPY. But with prices now nearing prior support, will sellers be able to regain control?
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XE Market Analysis: White House Complains about The Fed, Tariffs are the Genie in the Bottle
dOVERVIEW Dollar Index inches lower for the fifth consecutive session. USD/CAD eyes 1.30 psychological level. Commodities are hot; Gold nears $1,200 and WTI up 2.3%. HIGHLIGHT Things seem to be falling apart for the South African Rand recently. The currency has lost nearly 9.50% of its spot value versus the US dollar this month. The […]
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XE Market Analysis: White House Complains about The Fed, Tariffs are the Genie in the Bottle
OVERVIEW Dollar Index inches lower for the fifth consecutive session. USD/CAD eyes 1.30 psychological level. Commodities are hot; Gold nears $1,200 and WTI up 2.3%. HIGHLIGHT Things seem to be falling apart for the South African Rand recently. The currency has lost nearly 9.50% of its spot value versus the US dollar this month. The […]
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XE Market Analysis: Europe – Aug 22, 2018
The Dollar has managed to find a footing during the Asian session after posting fresh lows against most currencies during the New York PM session yesterday following news that two former associates of President Trump had been convicted of various crimes, including fraud (with Trump’s ex-long serving personal lawyer, Michael Cohen, directly implicating Trump in […]
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XE Market Analysis: North America – Aug 22, 2018
The Dollar has been trading mixed, edging out a fresh low against a generally firmer Euro while gaining on the Pound and Australian Dollar, among other currencies, and settling at near net unchanged levels in the case against the Yen. EUR-USD carved out a fresh two-week low at 1.1602, which surpassed yesterday’s peak by 1 […]
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Trump says China no longer on quick path to be bigger than US
WASHINGTON (Aug 22): President Donald Trump said China’s economy is no longer on a swift pace to be larger than the US, a comment likely…
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BN govt also didn't return RM16.05b in excess taxes paid, reveals Guan Eng
KUALA LUMPUR (Aug 22): The new Pakatan Harapan (PH) government has revealed that excess income tax and real property gains tax (RPGT) paid by taxpayers…
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US, China to resume trade talks in Washington amid low expectations
WASHINGTON (Aug 22): US and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by US President…
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China's Geely expects to beat 2018 sales target despite challenges
BEIJING (Aug 22): China’s Geely Automobile Holdings Ltd beat analyst forecasts with a 54% rise in net profit on Wednesday and said it expected to…
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