|Day's Range||1,203.10 - 1,204.80|
Based on the early price action and the current price at 98.015, the direction of the December U.S. Dollar Index the rest of the session on Tuesday is likely to be determined by trader reaction to the 50% level at 98.135.
Silver markets went back and forth during the trading session on Tuesday as we simply don’t look like we have anywhere to be right now. That being the case, it’s very likely that sideways action will continue to be a major influence in this market.
The Australian dollar initially tried to rally during the trading session on Tuesday but found resistance yet again as we turned around to break down below the 0.6750 level. This is an area that has been crucial more than once, so this looks like more of the same.
There are no major economic releases in the United States on Tuesday, but it is the start of earnings season on Wall Street. Although most analysts are forecasting a weak earnings season, today’s session started with a bang with a number of major companies posting big earnings beats.
The shift in the weather pattern has been just enough so far to chase out a few of the weaker shorts. The stronger short-sellers want to see stronger evidence of a prolonged cold spell.
Based on the early price action and the current price at 1.1021, the direction of the EUR/USD the rest of the session on Tuesday is likely to be determined by trader reaction to the main 50% level at 1.1021.
Michael Jordan’s Nike sponsorship deal may not immediately come to mind as one of the most dramatic moments of his career. For one, Jordan’s vision—and the iconic Air Jordan sneaker—came perilously close to never seeing the light of day. Back in 1984, 21-year-old Jordan was a top college star, an Olympic gold medalist, and the third overall draft pick in the NBA.
Seplat Petroleum is to acquire London-listed Eland Oil & Gas for £382m, the companies have agreed, in a bid to scale the business and grow in Nigeria. West African oil operator Seplat will pay 166 pence per share in cash for Eland, or a premium of 28.5 per cent to Monday’s closing price. Shares in Eland climbed 28 per cent in early trading on Tuesday, as expected.
Two years in the making and already backed by some $20 million in digitized gold, CoinShares announced the DGLD token Tuesday.
Precious metals moved strongly on Friday, and did so on significant volume. The reversals we have seen on Thursday got resolved with a heavy thud. Let’s dive into the many charts and perspectives and explore how well they support the upcoming move across the sector.
Oil has arguably been the most important commodity in human history, with everything from wars to recessions and even technological breakthroughs leading to price booms and busts
Monday’s inside move suggests investor indecision and impending volatility. The extremely low volume helped contribute to the sideways price action.
Gold markets did very little to kick off the week on Monday, as traders are essentially trying to figure out where to go in general. This is a market that will ultimately be heavily influenced by a lot of the noise coming out of the US/China trade talks and beyond.
The US dollar chopped back and forth during the trading session on Monday as the 200 day EMA continues to cause bits and pieces of resistance. Beyond that, the market is extraordinarily sensitive to a handful of issues going on around the world, not the least of which would be the lackluster performance of US/Chinese negotiators.
Based on the early price action and the current price at 26795, the direction of the December E-mini Dow Jones Industrial Average futures contract into the close on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at 26697.
Investing.com - What’s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of $1,500 per ounce, on news of fresh troubles in U.S.-China trade negotiations.
Based on the early price action and the current price at $53.32, the direction of the December WTI crude oil market the rest of the session on Monday is likely to be determined by trader reaction to the pivot at $52.94.
Thousands of Turks, including opposition lawmakers, have been protesting against the mine, saying the company would use cyanide to extract gold, contaminating the soil and waters of a nearby dam. Alamos said on Monday that while mining concessions have not been revoked and can be renewed after the expiration date, no more construction can be completed until the renewal of the concessions. Alamos said it had met all regulatory formalities and expected to get the renewal by the expiration date of Sunday.