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Tag Archives: forex analysis books

Second Day of Profit Taking

Higher Volume distribution took hold in indices but there was no significant point loss to go with the selling.S&P gains posted late last week are holding while breakout buyers have yet to feel the pressure of this week's losses. The surge in S&P relative performance has weakened but hasn't yet pushed a 'sell' trigger.The Nasdaq hasn't experienced the slow down in relative performance...

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Asia markets stressed ahead of high risk events

REUTERS – Most Asian currencies edged up against the dollar on Tuesday, though the same global developments that hurt the greenback also reduced risk appetites for cautious investors. Against the yen, the dollar was down 0.6 percent to 109.770 yen, its lowest since April 25. Investors were worried about the Middle East and terror attacks, and were awaiting the British election, a policy meeting of the European Central Bank and congressional testimony in Washington of former FBI director James Comey – all...

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OPEC Looked at Extra 1-1.5% Oil Supply Cut, Could Revive Proposal

OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices. The Organization of the Petroleum Exporting Countries and non-member producers ultimately decided at their May 25 meeting to extend their existing supply-cutting agreement for nine months, although oil ministers including Saudi Arabia’s Khalid al-Falih confirmed deeper curbs had been ...

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Dollar Mixed Ahead of Busy Economic Calendar

Private payrolls, unemployment claims, manufacturing data and oil inventories The US dollar is mixed on Wednesday. The greenback is gaining against commodity currencies like the NZD, CAD and AUD but the current political turmoil has the CHF, EUR and CHF appreciating against the dollar. Added to the turbulence the Trump Administration is embroiled in regarding Russian connections, the ratings agency Fitch ...

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