Bullish momentum for US equities remained firmly in the ascendency last week as bullish sentiment for the US dollar continues to weaken, and further extending the rally of the turbulent start to the year which saw major buying by the insiders as a result.
As we move towards the end of the first quarter of the new year, it is interesting to consider one of the more subtle changes to the principle US indices that appears to have passed by unnoticed,
Gold prices finished last week in bullish mood once again following the extended period of price congestion which has seen the precious metal trade within the range of the wide spread volatility up candle of the 11th February.
As a trader and investor, I always find volatile markets the most interesting and rewarding.
China’s Zoomlion Heavy Industry Science & Technology Co confirmed on Wednesday an unsolicited takeover bid for Terex Corp, the US crane and construction machinery maker.
The GBPUSD pair fell significantly during the course of the session on Friday, breaking down below the bottom of the hammer from the Thursday session.
The yuan Thursday weakened for the 10th day against the US dollar as China’s central bank set the official reference rate at the lowest since 2011 following the US interest rate hike.
Brazil’s cash-strapped mining giant Vale has sold four mega freighters to a Chinese consortium for US$423 million, local media reported Wednesday.
The EURUSD pair initially fell during the day on Thursday, but then rocketed to the upside to crash into the bottom of the uptrend line that had previously made the ascending triangle.
We have all heard of the Fosbury flop which revolutionized the sporting world of high jumping, but sadly the same could not be said of Janet yesterday who delivered their equivalent effort of the FED flop.
