A quiet start to the week in Asia, but the effects of China’s FX move are Friday is still being felt on core equity markets. The overhang of PBOC’s structural intervention in the off-shore FX markets continued today with the
August 6, 2018
Top options for end of day: AABA, CHK, RRC, FB, AAPL, ZNGA, BABA. Data Courtesy of Trade Alert
BRITISH POUND TALKING POINTS The British Pound extends the decline following the Bank of England (BoE) meeting, with GBP/USD at risk of exhibiting a more bearish behavior over the days ahead as it carves a series of lower highs & lows. GBP/USD
On Tuesday just after midnight U.S. Eastern time, the Trump administration is set to bring back a first wave of restrictions that had been waived under the Iran nuclear deal, an Obama-era agreement that gave Iran sanctions relief in exchange for curbs
On Tuesday just after midnight U.S. Eastern time, the Trump administration is set to bring back a first wave of restrictions that had been waived under the Iran nuclear deal, an Obama-era agreement that gave Iran sanctions relief in exchange for curbs
The S&P 500 ETF (NYSEARCA: SPY) matched the second highest close in its history. The “SPY” is less a percent away from it’s highest close. That next highest close looks like the next stop. After the market passes its all-time high
People – support and resistance – that’s what matters most in this market. The bulls have plenty of support underneath them, particularly with the 2801 level, and they have very little resistance above them. The one spot being, at this
It was another relatively slow day of natural gas trading today, with the September contract trading in a narrow 4.3-cent range. Prices declined this morning on cooler weekend weather forecast trends, but bounced seemingly on storage concerns to settle just
There is a vociferous debate going on right now about whether and to what extent small caps can continue to outperform going forward. Needless to say, this is tied up with the trade war discussion. Small-cap outperformance in 2018 has
Stocks were drifting higher on a cloud of complacency, ignoring the trade war, and currency war, comfortable now that earnings season is behind us. Gold and silver were lower as the Dollar ticked a bit higher. Facebook stock was up
