|Day's Range||14.77 - 15.12|
Area Developmentmagazine has named trucking startup Nikola Motor one of its Gold & Silver Shovel 2019 projects of the year. The annual awards recognize states for their achievements in attracting investment projects that will create a significant number of new jobs in their communities. The startup has announced a slew of electric and hydrogen fuel cell vehicles, and this past April unveiled with much fanfare its zero emissions hydrogen-electric big rigs.
Drake finally found a productive way to express his superfandom, with "Omertà" and "Money in the Grave."
Crude oil markets fell during most of the week but as we got the attack on the couple of oil tankers in the streets of her moods, oil markets have rallied. Doing so, we did of forming a hammer for the second week in a row.
Natural gas markets rallied a bit during the week, giving a bit of a bounce in what has been a very negative market. At this point in time, the $2.50 level is a major level to pay attention to.
The US dollar has gone back and forth during the course of the week, as we gapped higher on Monday, and then simply went sideways forming daily shooting stars and hammers. Confusion is the main take away here.
The British pound struggled a bit during the trading week, as we continue to see a lot of nervousness in overall risk appetite. With that being the case, it makes sense that the Japanese yen would get a little bit of a rally.
The British pound fell against the Japanese yen during trading on Friday, reaching down towards the lows that were recently printed. Overall, if we can break down below the ¥136.50 level, then things get truly interesting.
The Australian dollar fell during trading on Friday, breaking below the 0.69 handle. That being said, there is still plenty of support underneath so I think that the downside is probably somewhat limited, but you can say the same thing about the upside.
The fairy tale Snow White has been revisited myriad times—on the big screen, on the small screen, in poems and in video games. In a song inspired by the tale, Snow White realises that she likes one of the dwarfs more than she likes Prince Charming. Artist Akshita Chandra too didn’t want to repeat the fairy tale first published by Brothers Grimm in 1812.
Based on Thursday’s close at 26117, the direction of the June E-mini Dow Jones Industrial Average futures contract early Friday is likely to be determined by trader reaction to the pivot at 26090.
Based on Thursday’s action, the direction of the June E-mini NASDAQ-100 Index early Friday is likely to be determined by trader reaction to the main Fibonacci level at 7521.00.
Cheaper phones amid economic downturns in Africa's largest economies will help Transsion's Tecno and Itel brands.
Oil prices rose around 3.8% in the early hours as two Saudi Oilers got attacked in the Gulf of Oman. Cable down as Brexit Hardliner Boris won the first ballot. Weak Jobless Claims strengthened rate cut hopes.
Silver markets rose slightly during the trading session on Thursday, reaching towards the 50 day EMA. The 50 day EMA is crucial, and I believe that there is a massive amount of resistance between the level and the round figure above.
The US dollar fell initially during the trading session on Thursday, as Asian markets were a bit soft. However, we have seen a significant amount of buying pressure at the gap from earlier in the week, and as the Americans come on board it looks as if the market is probably going to simply levitate in this region.
It has been a rollercoaster trading week for oil markets as investors tussled with conflicting fundamental themes pulling and tugging at the commodity.
Global equities rebound, snapping a two-day losing streak as the June rally resumes its upward trajectory.
This means that investors aren’t likely to take the markets much higher until they see the Fed’s rate projections following next week’s meeting. In other words, the next leg up in the stock market hinges upon whether the Fed hints at 2 or 3 rate cuts later this year.
August futures reached the highest for a most-active contract in more than a year on Friday after a feeble U.S. jobs report fueled haven demand. Gold is pushing higher as the U.S.-China tensions drag on, with Donald Trump saying he’s personally holding up a deal and insisting Beijing returns to terms negotiated earlier. Trump also renewed his attack on the U.S. central bank, complaining it doesn’t “listen” to him.
Based on the early price action and the current price at 7473.75, the direction of the June E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at 7497.00.
Monday’s bullish attempt has met a swift response and the oil price powerfully reversed lower. Yesterday, the bulls are pushing higher again, though less vigorously than on Monday.
I've been keeping an eye on Fortuna Silver Mines Inc. (TSE:FVI) because I'm attracted to its fundamentals. Looking at...
The S&P 500, right along with the other indices in the United States, ran into a lot of resistance on Tuesday. Looking at the daily chart, the 2900 level is obvious resistance and it now looks as if we are going to continue to struggle.
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 1.1318.