US stocks rallied Monday, with the Dow and the S&P 500 extending record winning streaks amid a fresh burst of merger and acquisition activity on Wall Street. The Dow Jones Industrial Average rose 18.82 points (0.11 percent) to 16,943.10, its third straight…
Brent crude oil (BNO, quote) was steady above $108 as encouraging data from the world’s top two consumers helped raise the global demand outlook.
The AUDUSD pair tried to rally during the session on Friday, but as you can see gave back almost all of the gains in order to form a shooting star.
The EURUSD pair fell during the course of the session on Friday after the nonfarm payroll numbers came out.
USDJPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame.
As we approach Friday we have some weekly option positions we need to address. We are taking in over $800 in profits on this weeks trades.
The EURUSD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided.
EURUSD moved sideways in a narrow range between 1.3586 and 1.3668.
Foreign technology services providers such as Google (GOOG, quote) and Apple (AAPL, quote) can become cybersecurity threats to Chinese users, security analysts said, one week after China (FXI, quote) announced that it will put in place a security review on imported technology equipment.
The USDJPY pair initially fell during the session on Monday, but as you can see ended up bouncing enough to form a hammer by the end of the day. This hammer of course suggests that the markets going to go higher, and as a result we believe that the move higher should continue to the 103 level at the very least, as it is the next major resistance area.
