Oil prices continue to rally. “We are moving into a world where you have lower inventories, lower spare capacity and less protection for buyers,” says John Driscoll, chief strategist at JTD Energy Services. “So $100 a barrel has become more likely, whether we get there or not, it might be a little early to say,” he…
Oil prices continue to rally. “We are moving into a world where you have lower inventories, lower spare capacity and less protection for buyers,” says John Driscoll, chief strategist at JTD Energy Services. “So $100 a barrel has become more likely, whether we get there or not, it might be a little early to say,” he…
Gold prices ended Monday’s session down $3.45 an ounce, pressured by a firmer dollar and keener risk appetite in the world marketplace. The dollar has been supported by expectations the Federal Reserve will continue to raise interest rates. U.S. stock indexes and bond yields jumped at the start of the week on news of a…
Gold prices ended Monday’s session down $3.45 an ounce, pressured by a firmer dollar and keener risk appetite in the world marketplace. The dollar has been supported by expectations the Federal Reserve will continue to raise interest rates. U.S. stock indexes and bond yields jumped at the start of the week on news of a…
USD/JPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – Accessed 2 October 2018 at 5:00 AM GMT The USDJPY currency pair is making a small consolidation zone at the -100% Fibonacci target near 114, which is a new decision zone for a bullish breakout or a bearish bounce. The candlestick patterns will confirm the immediate direction, but ultimately, the trend remains bullish…
USD/JPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – Accessed 2 October 2018 at 5:00 AM GMT The USDJPY currency pair is making a small consolidation zone at the -100% Fibonacci target near 114, which is a new decision zone for a bullish breakout or a bearish bounce. The candlestick patterns will confirm the immediate direction, but ultimately, the trend remains bullish…
Thoughts More than 80% of U.S. IPO’s lose money. Why this isn’t a bearish sign for the stock market. Durable goods continues to trend higher. This confirms the bull market’s rally. ISM Manufacturing is fell a little but is still trending higher. Medium term bullish for stocks. Mergers & Acquisitions will probably boom in 2019,…
Thoughts More than 80% of U.S. IPO’s lose money. Why this isn’t a bearish sign for the stock market. Durable goods continues to trend higher. This confirms the bull market’s rally. ISM Manufacturing is fell a little but is still trending higher. Medium term bullish for stocks. Mergers & Acquisitions will probably boom in 2019,…
The GBP/USD is under pressure as the US Dollar gains strength across the board and worries about Brexit consume the Conservative Party. Where next for the Pound? Recovering may be hard, and falling is more natural. The Technical Confluences Indicator shows that Sterling has noteworthy support only at 1.2984 where we see the confluence of the Fibonacci 61.8% one-month and the Simple…
The GBP/USD is under pressure as the US Dollar gains strength across the board and worries about Brexit consume the Conservative Party. Where next for the Pound? Recovering may be hard, and falling is more natural. The Technical Confluences Indicator shows that Sterling has noteworthy support only at 1.2984 where we see the confluence of the Fibonacci 61.8% one-month and the Simple…
