For several days last week, it looked as if the September Euro was trying to form a bottom. The single-currency was actually appreciating, not because investors wanted the Euro, but because the U.S. Dollar was weakening on the...
Read MoreAfter a three-day sell-off, September Treasury Bond futures rallied sharply higher on Friday, putting the market in a position to challenge two former tops at 152’10 and 152’19. The turnaround in the market also...
Read MoreThe September Australian Dollar is posting a solid gain this morning after taking out its most recent top at 1.0217. The strong move has put the Aussie in a position to challenge the July 5 top at 1.0261. A move through this...
Read MoreThe September Australian Dollar is threatening to breakdown as the daily chart is beginning to show signs of developing weakness. The lack of demand for higher-yielding assets and the slowdown in the global economy are two key...
Read MoreThe rally in the U.S. Dollar is pressuring the September Euro this morning. After trading sideways-to-lower earlier the week, the Euro accelerated to the downside after the release of the FOMC minutes from June late Wednesday....
Read MoreThe September Euro formed a closing price reversal on the daily chart on Tuesday, signaling that perhaps the market may have reached a short-term bottom. Monday’s low was 1.2266 and its high was 1.2336. A trade through the...
Read MoreAugust Gold finished the week on a down note as weaker than expected U.S. jobs data drove investors out of higher yielding assets and into the safety of the U.S. Dollar. Since gold is priced in dollars, it became more expensive...
Read MoreThe September British Pound is under slight pressure overnight as traders await the next move by the Bank of England. While the European Central Bank will be cutting its benchmark rate, the BoE will be looking to apply more...
Read MoreThe September Euro is trading lower overnight as investors continue to price in the expected interest rate cut later in the session. Speculation is the European Central Bank will cut its benchmark interest rate by 25 basis...
Read MoreAnother oil stock that is poised for an up move is British Petroleum (BP). Last week’s strong close has placed this stock in a position to pop through the last swing top at $40.59. A move through this price will turn the...
Read More
