Gold prices ended Wednesday’s session down $21.01 as the minutes of the Federal Reserve’s April meeting fueled a rally in the dollar. “Most participants judged that if incoming data ...
The Australian Dollar showed a tepid response against its major counterparts after Australia’s employment report crossed the wires. The data showed10,800 jobs were added in April, which was...
Cisco Systems, Inc. (CSCOÂ –Â Analyst Report)Â just released its third quarter fiscal 2016 earnings results, posting earnings of $0.50 per share and revenue of $12 billion. Â Currently, CSCO ha...
Thanks to High Frequency Trading and the rise of the machines in the electronic markets, gold and the S&P 500 Index are difficult for non-machines to understand and predict on a short term basis. ...
The minutes from the April FOMC meeting are out and not everyone is pleased with the content. The minutes increased the likelihood of an interest rate hike, sending the dollar higher Thursday and conf...
Just as we warned was probable, The PBOC sent a message loud and clear to the newly hawkish Fed following today’s surge in the dollar after the minutes were released. With the 2nd biggest daily...
Crude Oil futures for June delivery settled yesterday at $48.43 a barrel, with current price action seeing a follow through of the declines from yesterday. The weekly crude oil inventory report showed...
Two FED members are set to speak today and following the surprisingly hawkish comments released yesterday, the market will monitor their words very carefully. Yesterday USD jumped after FOMC minutes ...
The forecast drawn up on May16 of a bull action seems to be in standby for now: yesterday’s candle has attenuated most of bull enthusiasm (please note how the long white candle had “enwrappedâ...
On Wednesday, Microsoft (MSFT) announced that it will sell its Nokia Lumia phone business to Foxconn for $350 million. More specifically, the company is handing over the rights of the Nokia brand to...