NQ emini Back As Leader Of The Pack
Some are born to lead and others to follow, and the NQ emini has once again regained its rightful place as leader of US equity markets, following a period when it has been lagging behind its two sisters.
Futures
Dollar’s Consolidative Days Numbered?
The dollar’s laborious consolidative days seem to be numbered from both the technical and fundamental points of view.
Crude Oil Struggles To Shake Off Oversupply Concerns
Oil prices have been extremely volatile of late, without making any significant progress in either direction. The long and short of it is that the stream of mostly negative news has helped to halt the recent rally, while ahead of this month’s informal meeting of the OPEC in Algeria not many people will want to be betting boldly on an oil price plunge. Therefore consolidation is the dominant theme in
Silver Looks To The USD For Help
Yesterday was, once again, another negative day for silver, which continued lower for a fourth consecutive session, opening gapped down from Friday’s close before ending at $19.00 per ounce.
Nervous Anticipation For The US Indices
Nervous best describes US equity markets today, and with so many influences now coming to bear, and this nervous tension can only increase over the next few weeks.
ECB Unchanged – Markets React Negatively
ECB’s inaction clearly disappointed a few people as European stock indices dropped when the policy statement was released.
BOC Rate Decision Preview
Apart from Apple’s expected launch of the new iPhone, today’s other big event is the Bank of Canada’s rate decision, due at 15:00 BST (10:00 ET). Along with the consensus forecasts, we do not expect the BOC to make any changes to its policy.
Over Supply Continues To Drive Copper Prices Lower
As global markets return to business after the summer recess, and commodity markets attempt to find some much needed traction, the story for copper is very different as it continues to remain range bound and waterlogged across all the slower time frames.
Non-Farm Payroll Disappoints
The U.S. economy only created new 151,000 jobs during the August vs. 180,000 jobs expected.
Crude On A Slippery Roller Coaster Ride To Nowhere
Over the past week and a half, crude oil prices have been on a rollercoaster ride. Within the large ranges, the force of gravity has generally worked against bullish speculators after the 3-week rally ended in mid-August when Brent hit $51 and WTI reached $49 a barrel again.