• MARKETS: Stocks are surging on what's set to be the highest volume day of the year
    Yahoo Finance Videoyesterday

    MARKETS: Stocks are surging on what's set to be the highest volume day of the year

    Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action as the Dow is set to snap an 8-day losing streak. Here's the performance of select trending stocks as of 10:30 am ET: GERN(HB) Geron Corp 5.03% CHK Chesapeake Energy Corp 3.59% KMI Kinder Morgan Inc 2.74% XOM Exxon Mobil 2.25% DB(HB) Deutsche Bank Ag Ord 1.38% PBR Petroleo Brasileiro S.A. ADS 1.17% TXMD(HB) TherapeuticsMD Inc 1.27% INTC Intel Corp 1.06% WFC Wells Fargo 1.01% GM(HB) General Motors Co 0.97% PG Procter & Gamble Cc 0.88% TRXC(HB) TransEnterix Inc 0.77% GE General Electric Co 0.78% AMD Advanced Micro Devices Inc 0.73% JNJ Johnson & Johnson 0.74% SIRI(HB) Sirius XM Hldgs Inc 0.56% F Ford Motor 0.51% SBUX Starbucks Corp 0.55% WMT Wal-Mart Stores 0.48% BA(HB) Boeing Co 0.41% JPM JPMorgan Chase & Co 0.29% SPY SPDR S&P 500 ETF 0.26% BAC Bank of America Corporation 0.25% TEVA Teva Pharm Indus ADR 0.17% C Citigrp Inc 0.11% QCOM Qualcomm Inc 0.05% IBM Intl Business Machines Corp 0.05% DIS Disney (Walt) Co 0.02% BIDU(HB) Baidu Inc -0.07% MOMO Momo Inc ADS -0.10% JD JD.com Inc -0.15% T AT&T Inc -0.17% CSCO Cisco Systems -0.39% QQQ Invesco QQQ Trust Series 1 -0.44% BABA Alibaba Group Holding Ltd -0.48% SNAP(HB) Snap Inc -0.68% MDGL Madrigal Pharma Inc -0.79% GOOG Alphabet Inc Cl C Cap Stock -0.71% GOOGL Alphabet Inc Cl A -0.76% OLED(3) Universal Display Corp -1.06% TWTR Twitter Inc -1.23% MSFT Microsoft Corp -1.29% MU Micron Tech -1.68% SQ Square Inc -1.60% CRSP(HB) CRISPR Therapeutics AG -1.77% NVDA Nvidia Corp -2.05% AMAT Applied Materials -2.10% CRM salesforce.com Inc -2.32% TSLA Tesla Inc -2.42% BOX(0) Box, Inc -2.61% UVXY(HB) ProShs Ultra VIX Short-Term -3.19% HMNY(HB) Helios and Matheson Analytics -3.64% TVIX(HB) VS 2X VIX Short Term -4.26% IQ(HB) IQIYI Inc ADS -7.55% BRK-B BRK-A 0005.HK ACB.TO YM=F CADUSD=X GC=F BBD-B.TO ^RUT

  • Gold Weekly Price Forecast – Gold markets continue of negativity during the week
    FX Empire9 hours ago

    Gold Weekly Price Forecast – Gold markets continue of negativity during the week

    Gold markets fell during the week, breaking down towards the $1260 level before bouncing. However, we still have a significant amount of negativity ahead of us from what we can see, as the uptrend line being broken was a big deal. If we do get a rally from here, it could be a selling opportunity.

  • USD/JPY Weekly Price Forecast – US dollar continues to chop against the Japanese yen
    FX Empire10 hours ago

    USD/JPY Weekly Price Forecast – US dollar continues to chop against the Japanese yen

    The US dollar went back and forth during the course of the week against the Japanese yen, as it is one of the most volatile pairs when it comes to reacting to the trade war noise that we continue to see between the United States and China. I think that continues to be the case, and of course structurally it looks very noisy just above as well.

  • GBP/USD Weekly Price Forecast – British pound shows resiliency during the week
    FX Empire10 hours ago

    GBP/USD Weekly Price Forecast – British pound shows resiliency during the week

    The British pound initially spent most of the week falling but found enough support near the 1.32 level after initially breaking it to form a massive hammer. When you look at the weekly chart, this is clearly an area where the buyers need to come in and take over to keep the uptrend going.

  • GBP/JPY Weekly Price Forecast – British pound finds support against Japanese yen again
    FX Empire10 hours ago

    GBP/JPY Weekly Price Forecast – British pound finds support against Japanese yen again

    The British pound initially fell during the week but found enough support near the ¥145 level to turn things around of form a hammer. The hammer of course is a bullish sign, and it is preceded by hammer a couple of weeks ago, which has been formed around the ¥145 level again.

  • EUR/USD Weekly Price Forecast – Euro shows resiliency at major support level
    FX Empire10 hours ago

    EUR/USD Weekly Price Forecast – Euro shows resiliency at major support level

    The Euro rallied significantly after initially reaching towards the 1.15 level during the week and find plenty of buying opportunities. The 1.15 level has been very important in the past, as it was resistance for a couple of years. The fact that we found support here is somewhat bullish, as it was necessary to keep the market afloat after the initial surge.

  • AUD/USD Weekly Price Forecast – Australian dollar finds support
    FX Empire10 hours ago

    AUD/USD Weekly Price Forecast – Australian dollar finds support

    The Aussie dollar initially pulled back during the week but found enough support to turn around of form a nice-looking hammer. We are currently below the 0.75 level, an area that could cause a bit of resistance, so it’s not quite ready to fire off a bullish signal yet.

  • Gold Price Forecast – Gold sideways on Friday
    FX Empire10 hours ago

    Gold Price Forecast – Gold sideways on Friday

    Gold markets were very quiet during the day on Friday, in a bid to perhaps try to build a bit of confidence in this market. The US dollar has softened a little bit, so that of course helps the Gold markets overall.

  • USD/JPY Price Forecast – US dollar rallies against yen
    FX Empire10 hours ago

    USD/JPY Price Forecast – US dollar rallies against yen

    The US dollar rallied rather significantly overnight against the Japanese yen, slamming into the ¥110.20 level. The market continues to find buyers in the range of the ¥110 level, and at this point I think this market continues to be very volatile, but if you are short-term trader, this could be exactly where you wish to play.

  • GBP/USD Price Forecast – British pound rallies against US dollar
    FX Empire10 hours ago

    GBP/USD Price Forecast – British pound rallies against US dollar

    The British pound rallied quite nicely against the US dollar during the day on Friday, breaking above the 1.3250 level. By making a fresh, new high, it is a good sign, but at this point there is a significant amount of resistance above as well. Ultimately, we have a lot of work to do if we are going to turn things around.

  • GBP/JPY Price Forecast – British pound climbs higher during Friday session
    FX Empire10 hours ago

    GBP/JPY Price Forecast – British pound climbs higher during Friday session

    The British pound rallied a bit during the day on Friday, as we have broken cleanly above the ¥146 level. There is still a significant amount of noise just above, so any move to the upside is going to be very choppy to say the least. However, it does look as if we are making an argument for higher levels.

  • EUR/USD Price Forecast – Euro rallied significant during Friday session
    FX Empire10 hours ago

    EUR/USD Price Forecast – Euro rallied significant during Friday session

    The Euro has had a very bullish session on Friday, breaking above the 1.16 level significantly, and it looks as if the market continues to trying to recover from the mass selloff that we have seen after the ECB suggested that it was at least a year away from hiking interest rates.

  • AUD/USD Price Forecast – Australian dollar rallies significantly on Friday
    FX Empire10 hours ago

    AUD/USD Price Forecast – Australian dollar rallies significantly on Friday

    The Australian dollar has rallied rather significantly against the US dollar during trading on Friday, slicing above the 0.74 level. Because of this, I think that we are going to continue to see some upward pressure in this market, as we have formed a “W pattern” on the hourly chart, which of course is very bullish. However, the market seems to have a bit of a ceiling above, so although I see a buying opportunity, it is probably short term.