Prices remain in consolidation mode below resistance at 106.74, the 23.6% Fibonacci expansion.A daily close above this barrier initially targets the 38.2% level at 108.04. Alternatively, a reversal below support in the 104.84-105...
West Texas Intermediate oil futures edged higher on Tuesday, as market players assessed demand prospects from the U.S. and the supply outlook in Iraq. On the New York Mercantile Exchange, crude oil for delivery in August rose 0.4%, or 42 cents, to trade at $105...
The dollar has changed against the euro and the yen on Tuesday, but the greenback’s gains held in check amid persistent concerns over the outlook for the U.S. recovery. EUR/USD fell 0.07% to 1.3682, easing back from the five-week high of 1.3698 set on Monday...
The Chinese manufacturing purchasing managers' index, or PMI, rose to a six-month high in June after a weak start to the year, the results of a survey by the China Federation Of Logistics And Purchasing and the National Bureau of Statistics showed Tuesday...
What risk setting do you use? Do you use your stop distance to determine risk, or do you use risk to determine your stop distance? I use both, and actually don't use a stop most of the time...
The Dallas Fed's latest manufacturing outlook survey is out, and the numbers look good. The headline index jumped to 11.4 in June from 8.0 in May. Economists were looking for a reading of 8.5...
Dubai stocks extended declines, heading for the first negative quarter in two years, as some investors judged shares too expensive even after the index entered a bear market last week. Qatar’s index also dropped. The DFM General Index (DFMGI) fell 2.4 percent to 4,123...
On the New York Mercantile Exchange, crude oil for delivery in August fell to a session low of $105.09 a barrel (minimal since June 26), before trimming losses to last trade at $105.20 during European morning hours, down 0.53%, or 55 cents. U.S. oil futures ended down 0...
Just posted official preliminary data on Monday. Consumer price inflation in the euro zone held steady in June, paying attention to concerns over the threat of deflation in the region. Euro zone inflation holds steady at 0.5% in June...
Junk bonds are yielding what?! The zero interest rate environment has created complacency and a reckless desire by investors of chasing yield into the riskiest spectrum of the financial markets...
Kitco News wraps up the week with Gary Wagner’s in-depth analysis of the gold market. Wagner says he’ll be looking at silver this week as well because of the metal’s ‘stellar’ performance in the precious metals space. “This rally has a unique characteristic,” he says...
European stocks were seen rising on Monday. Investors hope the reports from U.S. and Europe due in the week will soothe recent worries over the pace of economic growth. Shares in French bank BNP Paribas will be in focus after the U.S. Justice Department's report...
Most Asian markets rose on Monday, taking their lead from U.S. stocks' gains on Friday. Although Wall Street was higher on Friday, they were lower for the week as stocks have stalled near record highs ahead of the coming earnings season...
New home sales in Australia declined for the first time in five months in May, results of a survey by the Housing Industry Association showed Monday. Sales fell 4.3 percent on month in May, marking the first decline since the beginning of the year. Detached house sales decreased 2...
Business confidence in New Zealand declined sharply in June, the latest survey from ANZ revealed on Monday - falling from 53.5 in May to 42.8 in June. Analysts suggest that the Reserve Bank of New Zealand's actions to raise interest rates are primarily responsible for the decline...
Industrial production for May in Japan rose 0.5%. USD/JPY traded at 101.39, down 0.03%. The dollar weakened across the board after the Commerce Department said Wednesday that U.S. gross domestic product contracted at an annual rate of 2.9% in the first three months of the year. U.S...
The USD/CAD pair fell during the course of the week, and in fact close that the very bottom of the range. This of course is a very negative sign, and with that it appears this market is really struggling to find buyers...
The Japanese economy released another set of data this week and confirmed what Bank of Japan Governor Haruhiko Kuroda was talking about when he mentioned that the sales tax increase from 5% to 8% earlier this year is causing economic fluctuations...
Before 330ET, the Nasdaq was the lone survivor in the green this week despite every effort to spark short squeezes and ramps day after day - but that all changed as the ubiquitous late-Friday buying panic occurred of course - lifting stock green for the day (and desperately searching for green on...
