The last few days have seen some clear and unequivocal signals from the gold futures chart, that the precious metal is on the way lower, something I have been suggesting for several weeks.
The USDCAD pair initially fell during the session on Thursday, but found enough support at the 1.07 region to turn things back around and form a hammer. Will we find particularly interesting about this market is that it seems so well supported, even as oil prices went so much higher during the day.
Yesterday the YM E-mini index future delivered a masterclass in trading what you see, and not what you think. Trading with an opinion is one of the most destructive approaches to the market – just ask the euro bears who have been shorting the single currency for years. All to no avail.
The S&P 500 Wednesday bolted to a new record after the Federal Reserve kept its policy of ultra-low interest rates and did not accelerate the time-frame for raising them. The S&P 500, a broad measure of the US stock markets, jumped 14.99 points (0.77…
US medical-device maker Medtronic will buy its Irish-based competitor Covidien for $42.9 billion, the company said. The deal, announced late Sunday, would allow Medtronic to take advantage of Ireland’s lower business tax rates — 12.5 percent versus…
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…
China’ s leading online direct sales company JD.com, Inc. Thursday successfully listed its shares on Nasdaq and recorded the largest initial public offering (IPO) by a Chinese company in the United States.
China’s (FXI, quote) largest search engine provider Baidu Inc has set up an artificial intelligence laboratory in Silicon Valley in the United States to boost its research work to catch up with Internet giants like Google and Apple.
The bribery investigation of GlaxoSmithKline (GSK, quote) China (FXI, quote) has been completed and the case handed over to prosecutors, Changsha police said on Wednesday.
Brent crude oil (BNO, quote) was steady near $108 on Tuesday despite expectations that US inventories reached a new record high last week.
