British Pound Subdued in Data-Light Session
GBP/USD is flat in the Thursday session. Currently, GBP/USD is trading at 1.2685, down 0.03% on the day. On the release front, U.S. unemployment claims was unexpectedly high, climbing to 222 thousand. This was the highest reading in five weeks....
Tesla Bull Ross Gerber Talks Stock Picking
Key points covered in this podcast – Why being a Tesla bull can reap rewards – What it takes to be a consistent stock picker – Why Bitcoin will always thrive in adversity Ross Gerber is the co-founder and CEO...
Trading with the Spinning Top Candlestick
The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Often associated with indecision in the market, Spinning Top candles can provide valuable supporting information to a trading strategy. The main talking...
Gold Eyes Prior Peak after Brief Correction
Gold is continuing to edge higher today, supported to an extent by the weaker dollar, not that it held the yellow metal back much yesterday. It found strong support around $1,320 earlier this week and has since burst higher with...
Elliott Wave Analysis: EUR/NZD With 1.7300 In Sight!
EURNZD dropped exactly into projected 38,2% Fibo. retracement and 1.7150 level, which is ideal support for wave »iv«, especially because it’s still trading above strong trend line connected from the beginning of June. So, be aware of another jump, probably...
Swiss Franc Lifted by Attacks on Oil Tankers, Shrugs SNB
Attacks on two oil tankers in the Gulf of Oman is the biggest news in early US session. WTI oil price is up 3.5% and is back pressing 53 handle after dipping to 50.85 yesterday. The news is both supportive...
CEO optimism takes a hit in the second quarter as trade headwinds persist
Police officers are seen in front of a cargo ship with containers at a port in Qingdao, Shandong province, China April 6, 2018. Reuters CEOs became less optimistic about the U.S. economy as the Trump administration ratcheted up trade tensions...
Your first trade for Thursday, June 13
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Delta Airlines. Brian Kelly was a seller of the Oil & Gas Exploration & Production ETF. Mark Tepper was a buyer...
European Update – Equities Back In The Green
Equities quickly bounce back It didn’t take long for investors to buy the dip, with equity markets back in the green on Thursday following a two day pause which appeared to be nothing more than soft profit taking. – advertisement...
EUR/JPY Supported By 200-Hour SMA
The single European currency depreciated about 56 base points against the Japanese Yen on Wednesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday’s trading session. Currently, the 200-hour simple moving average is providing support for the...