Currencies: Euro Prone For A PMI-Driven Hit
Rates: Room for some short term profit taking? The US 10-yr yield is intensively testing 2.01% support. Failure to break below this level today could pave the way for some short term profit taking on US Treasuries. The German 10-yr...
Stocks making the biggest moves after hours: PayPal, Slack and more
A trader works on the floor during the Slack Technologies Inc. IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Beyond...
The Trump economy is starting to look more and more like the Obama economy
In some key ways, the Donald Trump economy, on fire last year but slowing this year, is starting to resemble the one he inherited from his predecessor . There are the rock-bottom bond yields, plodding economic growth and, not to...
Securitization could close the trade finance gap
Until recently, trade finance has been more or less off-limits for institutional investors. The market was almost exclusively the business of bankers able to decode difficult trade finance deals. But low and even negative yields in traditional investments coupled together...
Hammer Candlestick Patterns: A Trader’s Guide
Trading with the Hammer Candle: Main Talking Points The hammer candlestick pattern is frequently observed in the forex market and provides important insight into trend reversals. It’s crucial that traders understand that there is more to the hammer candle than...
Chart analysts see more gains ahead for stocks after breakout to new all-time high
Traders work on the floor at the New York Stock Exchange, June 5, 2019. Brendan McDermid | Reuters The S&P 500 just set a new intraday record Thursday. For doubters thinking the rally is just a last gasp of the...
US30 Index Returns to Record Highs
US30 stock index (Dow Jones) is currently flirting with May’s peak of 26,707 but the positive momentum in the MACD, which trends above its red signal line, suggests that September’s record high of 26,951 could be achievable as well. Still,...
Oil Supported on Middle East Tensions and Rising Demand Forecasts
Crude prices are trading sharply as international tensions soar in the Middle East and on fresh stimulus signals from the Fed. Iran is showing they are still able to rattle oil markets with the downing of a US drone. Iran...
WTI Oil Futures Rally to 3-Week High after Breaking 50% Fibo
WTI oil futures for August delivery managed to break resistance around the 50% Fibonacci of the 42.53-66.57 upleg and pick up steam towards a new three-week high of 56.33 on Thursday. However, buyers would like to see prices running above...
Middle East Tensions Overshadow Dovish Central Banks, Swiss Franc and Canadian Steal the Show
Dollar remains broadly weak, suffering heavy selling pressure after Fed turned dovish yesterday and opened the door for rate cut. Though, Swiss Franc and Canadian Dollar steal the show today on escalating middle tensions. WTI crude oil rises over 4%...
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