The West Coast saw a huge crude oil build, but for traders, the left coast is sometimes the left-out coast. Barrels out west are sometimes erratic and really does not reflect the larger picture when it comes to the larger oil supply and demand picture in terms of the West Texas Intermediate delivery point. So,…
The Federal Reserve Statement for May 2018 indicated that stagflation was a concern. While “stagflation” was not referenced by name. Stagflation last seen in the late 1970’s and early 1980’s allowed gold to surge. Gold is the commodity we are looking to build positions in for the long -term. Stocks will not do well in…
It’s been a tough year for bonds so far. Of course, a tough year for bonds can be a tough day for stocks. But investors seem equally disturbed by a 2% loss in bonds as by a 10% or more loss in stocks, so it’s worth looking at how bond funds have weathered the most…
A wobbly equity market, expectations for higher interest rates and weaker economic growth in the first quarter have inspired some pundits to claim that bear-market risk for stocks has spiked higher in recent weeks. Perhaps, but there’s still room for debate, based on a review of key indicators. Let’s start with the economy. Last week’s…
The Long-Term trend for Gold is up, as it continues to remain above 17-year support line (1). The 7-year trend for Gold is down, as it continues to trade below falling resistance line (2). These two long-term support/resistance lines look to be forming a multi-year pennant pattern that is “About To End.”Pennant patterns often indicate frustration for both…
Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.03%) this morning are up +0.21% on signs of strong corporate quarterly earnings results with Kraft Heinz and Tableau Software both up 5% in pre-market trading after they reported better-than-expected Q1 profits. European stocks are down -0.34% on deflation concerns after Eurozone Apr core CPI rose +0.7%…
Previous: On Wednesday the 2nd of May, trading on the euro closed down. The single currency has shed 146 pips against the greenback over the May holidays to reach 1.1938. The pair went on a rollercoaster ride following the US Federal Reserve’s interest rate decision. The FOMC decided to maintain its key federal funds rate within…
After witnessing volatile trades during the day, Indian share markets ended their session marginally lower. Losses were largely seen in the realty sector, capital goods sector and IT sector, while metal stocks ended the day higher. At the closing bell, the BSE Sensex stood lower by 73 points (down 0.2%) and the NSE Nifty closed lower by 38 points (down 0.4%). The BSE Mid Cap index ended the day…
AUDUSD remains in the downtrend from 0.7813. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 0.7472 could be treated as consolidation for the downtrend, and a breakdown below 0.7472 support could trigger another fall towards 0.7350. On the upside, a clear break above the trend…
BTC/USD Bitcoin markets did very little during the day on Wednesday, hovering above the $9000 level, but that’s about it. The market seems to have a lot of noise between here and $10,000 above, so it’s not until we break above the $10,000 level that I think we can pick up any type of momentum….
