Geopolitical Tensions and Poor China Down Weigh on Sentiments, Gold Shines and Yen Jumps
The financial markets are generally weighed down by risk aversion. Geopolitical tensions heightened after US blamed Iran for involving in the oil tanker attacks near the entrance to the Persian Gulf on Thursday. But Iranian officials denied any involvement and...
SNB Maintained Pledge to Intervene FX Market if SNF Too Strong. Question is How to React if Fed and ECB Ease Further
In its quarterly meeting, SNB announced to leave the policy rate – the interest rate on sight deposits, unchanged at -0.75%. On a technical change, the central bank introduced a new benchmark – the SNB policy rate- in replacement of...
Bond king Jeffrey Gundlach: ‘I am certainly long gold’
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach is betting on gold. “I am certainly long gold,” Gundlach said in an investor webcast on Thursday....
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...
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