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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...
Some people stay far away from forex because they believe that making the wrong move and losing a single trade is the end of their account...
Looking at the sectors faring worst as of midday Monday, shares of Energy companies are underperforming other sectors, showing a 1.0% loss. Within that group, Chesapeake Energy (NYSE: CHK) and Cabot Oil & Gas Corp. (NYSE: COG) are two large stocks that are lagging, showing a loss of 3...
As the U.S. market leaves for the holiday on Friday, Asian shares appear to be mixed on Monday...
The DAX as you can see had a positive week over the last five sessions, but remains just below the recent highs. We did in fact close above the €10,000 level though, so we believe that the momentum is certainly with the buyers at this point in time...
Puerto Rico has become much more than a vacation destination for anyone who invests their money on Wall Street, plans for retirement using pension funds, or even pays taxes...
In early trading on Monday, shares of St. Jude Medical (STJ) topped the list of the day’s best performing components of the S&P 500 index, trading up 2.0%. Year to date, St. Jude Medical registers a 15.5% gain...
The Nikkei initially fell during the course of the week, but found enough support down nearly ¥10,000 level to turn things back around. A break above the ¥10,250 level would be more than enough to start buying now, and we think that ultimately this market will go higher...
“I Love the '80s” was a BBC television miniseries that examined the world through the lens of 1980s pop culture. (VH1’s riff on the show can be found here). I bring up the '80s because of a wonderful chart from Ron Griess who runs The Chart Store...
