Prices are attempting to recover after putting in a bullish Piercing Line candlestick pattern above support at a rising trend line set from June 2012. Near-term resistance is at 98.93, the 14.6% Fibonacci expansion, with a break above that exposing the 23.6% level at 100.41...
Prices launched higher as expected after putting in a bullish Piercing Line candlestick pattern. Resistance is now at 1320.12, the 38.2% Fibonacci expansion. A break above that on a daily closing basis exposes the 50% level at 1332.49. Alternatively, a reversal below the 23.6% Fib at 1304...
Prices declined as expected after putting in a bearish Evening Star candlestick pattern with negative RSI divergence. A break below the 38.2% Fibonacci retracement at 1921.80 has exposed the 50% level at 1900.30. Moving further below that eyes the 61.8% Fib at 1878.70...
Gold prices are seeing a mild downside technical correction following the strong gains posted Wednesday. There is also a bit less risk aversion in the market place Thursday, which is not bullish for the safe-haven gold market. December Comex gold was last down $1.30 at $1,305.40 an ounce...
By the end of May, the decline in the benchmark 10-year U.S. government note yield to 2.40% marked its lowest reading since July 2013...
The pound was little changed against the U.S. dollar on Thursday, after the Bank of England left interest rates unchanged and announced no change to its asset purchase facility program. GBPUSD hit 1...
Stock market investing provides a great vehicle to potentially earn a lot of money. However, you can only be successful if you have the right knowledge and information. The following tips can provide some advice on how to maximize your stoick investment opportunities...
The yuan appreciated 0.12 percent to 6.1633 per dollar at the close of trading in Shanghai after surging close to its highest level in five months of 6.1624. The closing level was up 0.08 percent past Wednesday’s reference rate of 6...
Take a look at the following examples since they have been married (they married in 2004): Apple $AAPL (iPhone, iMac, iPad, iTunes, apps, etc.) Starbucks $SBUX (Caramel macchiato) Google $GOOG (Search: computer & phone) Amazon $AMZN (Prime, enough said...
The euro fell to fresh nine month lows against the dollar on Wednesday, as weak euro zone economic data and renewed concerns over the crisis in Ukraine pressure pressured the single currency lower. EURUSD was down 0.26% to 1.3333, the weakest level since November 8...
Stock prices started retreating this past week, driven by newfound concerns that good economic news is bad news for the stock market. What? Normally, good economic news is good news for the market, right...
European Services PMI ticks lower: 54.2 vs. 55.4 forecast, 54.4 previous European Composite PMI weaker: 53.8 vs. 54.4 previous U.K. Services PMI is higher: 59.1 vs. 58 forecast, 57.7 previous European Retail Trade m/m: 0.4% vs. 0.5% forecast, 0.3% previous; y/y higher at 2.4% vs. 1...
SIX BASIC TENETS OF DOW THEORY 1. The Average Discounts Everything One of the basic premises of technical analysis is the idea that the market reflects every possible factors, and information that can possibly affect overall supply and demand...
Fundamental Forecast for Gold: Neutral Gold the Commodity or Gold the Currency? Weekly Price & Time: Critical Test Coming Up For Gold Gold prices are lower for a third consecutive week with the precious metal off by 0.90% to trade at $1295 ahead of the New York close on Friday...
Argentina refuses to be "extorted" and defaults on $539m. Unemployment is declining and GDP is growing by 3%. On Wednesday, Argentina defaulted failed to pay a $539 million interest payment...
We take a look at the top reported official gold holdings of individual countries (as of June 2014) based on information from the World Gold Council. #20: Spain Tonnes 281.6 % of reserves: 25% #19: Lebanon...
After trading at the $11.50/share levels earlier in the month, Blackberry shares have retreated off its highs and is finding support at the $9.50/share area of interest. Technical indicators show that there’s still some buying pressure left, which might pave the way for a larger pullback...
The Canadian economy grew at the fastest pace in four months in May, driven by gains in manufacturing, wholesale and retail trade, energy and construction. Gross domestic product, the total of goods and services produced in the country, rose 0.4% to 1.62 trillion Canadian dollars ($1...
U.S. home mortgage applications fell last week, lead by a decline in refinancing requests, reported the Mortgage Bankers Association on Wednesday. The MBA announced that its seasonally-adjusted measure of mortgage applications, which covers both new home purchases and refinancing, plunged 2...
