AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 58.3% of stocks are trading above their respective 200DMAsVIX = 9.9 (volatility index)Short-term Tradi...
Gold prices ended Thursday’s session down $2.32 after Federal Reserve Chair Janet Yellen said she believed a recent slowdown in inflation won’t last. Upcoming inflation data will be closely watche...
The Canadian Dollar, familiarly known as the Loonie, firmed against the greenback late on Thursday and extended earlier gains after the Bank of Canada’s announcement yesterday that it had raised the...
Another downtick in the U.S. Consumer Price Index (CPI) may spur a rebound in EUR/USD as the Federal Open Market Committee (FOMC) appears to be scaling back its hawkish outlook for monetary policy. ...
USD index is still trading bearish, specifically in black wave 5 of 5). We can see the recent rally as a corrective wave 4, that found its resistance at the 96.21 level, from where a new drop occurred...
The European Central Bank is sending mixed messages regarding its next moves. On one hand, the economic situation is improving with growth picking up and employment on the rise. On the other hand, i...
Previous: On Thursday, trading on the Euro closed down. During the European session, the single currency depreciated against the Dollar, reaching 1.1371. This sharp drop on the euro was linked to comm...
S&P 500 The S&P 500 rallied slightly during the day on Thursday, testing the 2450 handle. The 2450 handle is massively resistive as it was the previous high in the market, and as a result I th...
I’ve been fascinated watching the sentiment and price trends in publicly traded retail stocks over the last six months. Unless you have been living under a rock, you are probably aware that Amazon.c...
Traders will be looking at the consumer price index data to be released today. According to economists polled, consumer prices are expected to rise 0.1% on the month. This would reverse the 0.1% decli...