Crude Oil is Slowly Falling
On Monday, January 13th, Oil prices stopped falling right now, the instrument is consolidating around 65.05 USD. The latest report on the number of oil rigs in the USA from Baker Hughes showed -11 units, thus bringing the total number...
USD/JPY Further Advance
Pivot (invalidation): 109.40 Our preference Long positions above 109.40 with targets at 109.85 & 110.00 in extension. Alternative scenario Below 109.40 look for further downside with 109.25 & 109.10 as targets. – advertisement – Comment The RSI is bullish and...
Risk On Ahead of US-China Trade Deal, Sterling Weak and Aussie Firm
Asian markets are generally in risk on mode today as traders await signing of US-China trade deal phase one. Commodity currencies strengthen with Australian Dollar leading the way up. On the other hand, Sterling is currently the weakest one as...
Fade Disappointing NFP On Upside Risks
US exceptionalism set to shine The broad sell-off on weak NFPs is likely to be faded by week’s end as US Q4 reporting season begins on Tuesday and December retail sales hits the wires. While we’re not that hopeful for...
‘Worst thing’ an investor could do right now is take profits, PNC’s Amanda Agati says
If you feel the urge to take profits as stocks hit new highs, PNC Financial’s Amanda Agati has a message for you: Resist it. According to the firm’s chief investment strategist, the market is not at peak levels. “The worst...
Dollar Rally Jeopardized by Job Data, No Bullish Reversal Yet
After some jitters on Iran tensions, Dollar ended up as the strongest one last week. Strong stocks and steady yields provided some support to the greenback. Fed officials also reaffirmed the base stance to stand pat this year. US and...
The stock market has not been this richly valued or avidly loved in two years
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters In late January 2018, Wall Street reached the moment of “peak happiness,” which marks the highest levels...
Dividend stocks look attractive with a volatile year that nets measly returns expected ahead
Traders work the floor of the New York Stock Exchange on August 23, 2019 in New York. Don Emmert | AFP | Getty Images Stocks may be at record highs, but 2020 has already proven to be a volatile year,...
Consumers Are Resilient Even in Challenging Times
Rising tensions from the U.S. killing of Iranian General Soleimani had all the hallmarks of the sort of crisis that could weigh on financial markets. But, with both sides acknowledging no plans for further escalation, what seemed like a crisis...
Weekly Economic and Financial Commentary: A (Mostly) Happy New Year
U.S. Review Well, That De-Escalated Quickly The week began amid rising tensions carrying over from the U.S. killing of Iranian General Qasem Soleimani last Friday. Iran responded with non-lethal airstrikes on U.S. facilities, but President Trump has said the U.S....
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