Home / Tag Archives: forex analysis software

Tag Archives: forex analysis software

Low Key – Healthy Bullish Action

Today was the perfect day for bulls looking for buying opportunities. Markets exhibited small bullish 'hammers' as part of a 3-day pullback; collectively shaping up as bullish flags. As an added bonus, volume rose to register an accumulation day.The S&P pullback will be confirmed on a move above 2,435 with a stop on a loss of 2,425.The Nasdaq is trading in a very ...

Read More »

Morning Charts 06/07/2017 SPX /es

This $200 Billion Asset Manager Warns "There's Danger At The Door" As Markets Lose Focus On Fundamentalsand this BofA: "If Bonds Are Right, Stocks Will Drop Up To 20%" are not fear porn. These people are not kidding. STB's been looking at the real possibility of a 10 - 14% plunge possibility, BUT a catalyst must occur. the only question is will the PPT be...

Read More »

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...

Read More »

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...

Read More »

USD/CAD Canadian Dollar Slightly Higher on Soft US Data

The Canadian dollar appreciated on Wednesday despite the Arab nations breaking away from Qatar. The middle east nation is accused of supporting known terrorist groups. Qatar is also a US ally, and hosts the US military central command in the region which puts the US in a compromising position as Saudi Arabia is also an ally of the US. Secretary of State Rex Tillerson has said that America will intervene if needed to defuse the situation. Oil prices were in...

Read More »

USD/CAD Canadian Dollar Lower After US Paris Accord Decision Sinks Oil

The Canadian dollar is trading lower versus the US dollar on Friday despite the U.S. non farm payrolls (NFP) disappointing investors by missing the target with a more modest 138,000 job gains. The US got some support from the drop in the unemployment rate to a 16 year low, to 4.3 percent. The loonie was unable to capitalize on the softer economic data out of the United States this week as the decision by the Trump administration to...

Read More »

Gold Jumps to 5-Week Highs on Soft Nonfarm Payrolls

Gold prices have posted strong gains in Friday’s North American session, climbing 1 percent. Currently, spot gold is trading at $1274.13 an ounce. On the release front, US employment numbers were a major disappointment. Nonfarm Payrolls plunged to 138 thousand, well off the forecast of 181 thousand. Wage growth softened, as Average Hourly Earnings edged lower to 0.2%, matching the forecast. The ...

Read More »

It’s all about the wages

It’s all about the wages The Dollar is opening an on slightly better footing this morning in part due to a big May ADP print ( +253) and more robust ISM manufacturing data, and as traders trim short USD positions ahead of tonight’s Key NFP data. While the market took solace in the solid ADP prints, investors are mindful that this evening’s  absolute jobs number will influence USD sentiment much less than the wages component. It’s...

Read More »
error: Content is protected !!