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With Alcoa set to provide the unofficial kickoff to second-quarter earnings season Tuesday afternoon, Corporate America is aiming to clear another low bar...
As the world's second largest importer of oil, higher oil prices could pose a threat to China's economic growth story, Bank of America Merrill Lynch analysts have said...
Gold is precious again. After investors sent bullion tumbling in 2013 by the most in three decades and kept dumping the metal earlier this year, demand is now up and prices are defying bearish forecasts...
The Australian dollar ended the week at a more than two-week low against its U.S. counterpart on Friday, after a robust U.S. nonfarm payrolls report for June sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. AUD/USD hit 0...
The New Zealand dollar ended Friday’s session close to a one-week low against its U.S. counterpart, as a better-than-expected U.S. nonfarm payrolls report for June bolstered the outlook for the wider economic recovery. NZD/USD hit 0...
USD/JPY Technical Strategy: Sidelines Preferred Doji suggested hesitation near key support Range between 101.20 and 102.77 remains in play USD/JPY’s long-held range between 101.20 and 102.77 remains intact following a push off support backed by a Doji formation...
As is almost always the case, the gold price got sold down the moment that trading began in New York on Sunday evening, with the low of the day coming shortly after 9:30 a.m BST in London. It rallied a few dollars from there before getting sold down about the same amount going into the London p.m...
The U.S. dollar moved higher against the Canadian dollar in holiday thinned trade on Friday, as markets in the U.S. remained closed for the Independence Day holiday. USD/CAD ended Friday’s session at 1.0651, pulling back from the six month lows of 1.0619 hit in the previous session...
Gold futures fell as analysts brought forward estimates for the Federal Reserve to raise U.S. interest rates, crimping demand for the metal as an inflation hedge. Goldman Sachs Group Inc...
The first ever bad publicity stunt for Bitcoin in France, and Europe, came today when the country’s law enforcements dismantled a local Bitcoin exchange, and seized a large amount of digital and fiat currencies as well. Two people were also indicted during the raid...
Price action can give traders a clear and concise view of supply and demand at any one point-in-time...
The dollar rose to more than one-week highs against the Swiss franc on Friday a day after a robust U.S. nonfarm payrolls report for June sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. USD/CHF was at 0.8945 late Friday, up from 0...
Emerging markets have recovered this year, however, investors should be careful to avoid a boom turning into a failure in the second half...
The USD/JPY retreated from last week’s high of 102.25, and is now testing some support factors just under 102. We have a rising trendline support from last week, and a broken trendline that served as resistance before. If the USD/JPY is to remain bullish, price should stay above the 101...
The dollar edged lower against the yen amid profit taking on Friday, but still ended the week higher as a better-than-expected U.S. nonfarm payrolls report for June bolstered the outlook for the wider economic recovery. USD/JPY was at 102.05 late Friday, off Thursday’s high of 102.25, but still 0...
The best performing sector as of midday Monday is the Utilities sector, up 0.1%. Within that group, Entergy ETR (NYSE: ETR) and Exelon (NYSE: EXC) are two large stocks leading the way, showing a gain of 1.4% and 1.1%, respectively...
The Dow Jones 30 had a strong showing during the holiday shortened week, as Friday was Independence Day in the United States. That being the case, looking at the market we can see that there was certainly enough pressure from the buyers to make a case that we are heading into another leg up...
The dollar ended the week higher against a basket of major currencies on Friday, one day after a stronger-than-expected U.S. jobs report for June revived speculation over when the Federal Reserve may start to raise interest rates. The Labor Department reported that that U.S...
NZD/USD Technical Strategy: Sidelines Preferred Hanging Man hints at a reversal to support at 0.8700 Awaiting close of candle on four hour chart to offer signal NZD/USD could be primed for a further pullback following the emergence of a Hanging Man pattern on the daily. A push below support at 0...
Morning on H1, M30 opened child channel with the direction of down...
