Brent Poised To Post Largest Weekly Loss In Four
Brent crude oil (BNO, quote) looked poised to end the week with its largest weekly decline in four months.
US
Trading the NFP Release with EURUSD (May 2, 2014)
EURUSD is trading inside a symmetrical triangle on its 4-hour time frame as traders can’t quite establish a clear direction on the pair. Price is testing the top of the triangle around the 1.3875 levels but stochastic is reflecting selling pressure.
WTI crude oil futures now preparing to break below $100 per barrel
Whilst commodities such as nickel and coffee have been offering longer term investors excellent returns this year, and with soybeans set to join the party with some good rollover returns, crude oil has promised much but delivered little.
Tough times for EUR/USD forex traders
It’s been a tough couple of weeks for eurodollar traders, with the pair trading in a congested range, testing the 1.3780 floor to the downside and the 1.3870 ceiling to the upside on the daily chart.
A&F plans over 100 new stores in China within 10 years
Clothes retailer Aber-crombie & Fitch Co (ANF, quote) plans to open more than 100 stores in China under its A&F and Hollister brands over the coming decade, ploughing a new furrow in what it calls “casual luxury.”
The sun starts to shine again for gold bugs
As I have written many times before it has been a torrid time for gold bugs, who have seen the precious metal collapse from the dizzy heights of almost $2000 per ounce to plumb the lows of $1200 per ounce.
Your 5-a-day: 5 of The Biggest Misunderstandings Cleared Up
‘Wind down’ is not withdrawal but watch negative news flow in the US; treading water is not growth so keep the champagne on ice for Europe; price is not value so beware investor sentiment; falling unemployment is not rising employment so watch the participation rate; and a hiccup is not a correction so keep an eye on an exit…
EUR/USD prepares for further move higher
If equity bears are having a tough time at present, euro bears have had a torrid time over the last few years, with each move lower acclaimed as the end of the single currency, which then promptly rises and continues to survive.
5 Ways To Check You’re Not Late To The Stock Market Part
The room’s getting crowded, the party’s been going on a while but more people could arrive. Just beware fair weather friends and a sign it could be time to think about leaving…
VIX continues where it left off in 2013!
Whilst as traders and people, we all tend to make New Year resolutions. The market however seems set to continue in the same vein as in 2013, with the primary focus remaining the constant debate of tapering, and as I have said before, what I call ‘tweaking’.