|Day's Range||14.38 - 14.58|
The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.
The British pound fell significantly again during the trading session on Thursday, as we continue to see Sterling Boulevard. That being said, it’s a bit difficult to start shorting now, because quite frankly you would be “chasing the trade.”
Based on the early price action and the current price at $63.37, the direction of the July WTI crude oil market the rest of the session is likely to be determined by trader reaction to the major Fibonacci level at $63.36.
The Toronto Stock Exchange's S&P/TSX rose 33.61 points, or 0.21 percent, to 16,318.14. Leading the index were Boyd Group Income Fund, up 6.6 percent, CCL Industries Inc, up 6.6 percent, and Keyera Corp, higher by 5.1 percent. Lagging shares were Fortuna Silver Mines Inc, down 9.1 percent, NFI Group Inc, down 3.7 percent, and Kirkland Lake Gold Ltd, lower by 3.7 percent. On the TSX 119 issues rose and 119 fell as advancing issues matched in a 1-to-1 ratio . There were 21 new highs and 7 new lows, with total volume of 200.2 million shares. ...
Intercontinental Exchange Inc can introduce the first "speed bump" in the U.S. futures markets, the Commodity Futures Trading Commission said on Wednesday, prompting concerns by some market participants that market quality will suffer as a result. The speed bump will pause incoming orders for ICE's Gold Daily and Silver Daily futures for three milliseconds if they would otherwise immediately match against a resting order on the exchange. Other incoming orders sent with instructions to rest at a given price on the exchange will bypass the speed bump.
The Greenback slipped drastically over poor US April Retail Sales figures. USD/CNY pair got elevated earlier the day underpinned weaker-than-expected Chinese data.
The go-ahead from the U.S. Commodity Futures Trading Commission, announced Wednesday, comes after ICE announced in February that it planned to impose a 3-millisecond trading delay on gold and silver contracts. The pause would be the first-ever speed bump for futures, showing that an idea popularized in Michael Lewis’s 2014 book “Flash Boys” to rein in high-frequency traders is gaining more adherents. Stock exchanges, including one run by IEX Group Inc. and the tiny NYSE American, are already using speed bumps.
Over the past five days, the U.S. stock market has declined on fears about a trade war between the U.S. and China. Following the decision of President Donald Trump's administration to increase tariffs from 10% to 25% on $200 billion worth of Chinese goods, the S&P 500 index lost 0.8% and the Dow Jones Industrial Average index decreased 0.9%. Warning! GuruFocus has detected 6 Warning Signs with AEM.
The Euro initially tried to rally against the three shooting stars on the chart but struggled a bit during the day on Wednesday as one would expect, with the area being a bit too heavy to overcome.
Over the past 6+ months, we’ve been covering the price rotations in precious metals very closely. We’ve issued a number of amazing calls regarding Gold and Silver over the past few months. Two of the biggest calls we’ve made were the late 2018 research post that suggested Gold would rally to above $1300, then stall. The other amazing call was our research team’s suggestion that April 21~24 would see Gold setup an Ultimate Base, or what we were calling a “Momentum Base”, near $1250 to $1275.
The relative calm of gold prices this year might look appealing to stock investors whipsawed by big price swings. The yellow metal's allure might even pick up if stock volatility continues.
Silver markets initially rallied during the trading session on Tuesday but turned around and form a bit of a shooting star. The downtrend line from the falling wedge continues to hold, as the markets go back and forth trying to find directionality.
The British pound fell again during the trading session on Tuesday, reaching down towards the 1.29 level. Looking at this chart, there is support underneath starting at the 1.2850 level, so it’s very possible that we could see buyers in that area as well.
The British pound initially tried to rally during the trading session on Tuesday but gave back the gains as we approached the ¥142 level. At this point, we have shown a bit of weakness, after that attempt early in the day to turn things around.
The trade disputes escalation is driving force for the markets at the moment. The increase in tariffs on the part of the United States and the announcement of China’s response measures caused a powerful wave of pressure on the markets, which the politicians of both countries tried to ease.
Based on today’s price action, the direction of the June Comex gold futures contract the rest of the session is likely to be determined by trader reaction to $1300.90. Today’s early price action has put the market in a position to post a potentially bearish closing price reversal top.
Based on the early price action, the direction of the June E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to yesterday’s close at 7314.25. The early price action has put the index in a position to post a potentially bullish closing price reversal bottom. This could fuel a 2 to 3 day counter-trend rally.