Currencies

U.S. Financial Markets Update: Investors Eyeing Europe

The past month has seen assets gain in price, despite an increase in investor anxiety due to comments from the European Central Bank (more on that below). In the U.S., tweets continue to be plentiful while new legislation remains scarce.  Yet despite these interesting times, the economy continues to grow…

Financial Markets Trading Update: 5 Charts To Watch

Traders returned on Wednesday to see fractional gains in across the various global equites markets. Domestically, trends remain very much neutral for the S&P 500 (INDEXSP:.INX). Deteriorating sectors like Technology have not had much effect on the S&P 500 thus far… this likely due in part to Financials breaking out…

Bitcoin Update: Sharp Decline Eyes Lower Support Levels

Last month, I took a look at Bitcoin (CURRENCY:BTC) and identified a cluster of important price targets that would likely provide resistance for its parabolic move higher. These price targets held, and since then Bitcoin has declined sharply.  Today, i”ll provide a quick update with some potential support levels to…

The COT Report: 3 Charts For Commodities Traders (June 2)

The following are non-commercial futures trading positions as of May 30, 2017. Note that the data were released in the June 2 COT Report (Commitment of Traders). Below are 3 charts of futures trading positions for commodities traders, including Crude Oil, Gold, and the US Dollar. Crude oil: Currently net long 434.8k,…

3 Charts That Traders Should Be Watching Right Now

The final trading day of May is seeing waving US Futures markets and flattish European and Asian markets. The US Equities market is set to finish positive for the month… which would mark gains in the S&P 500 (INDEXSP:.INX) 6 out of the last 7 months since the election (with March…

US Dollar Bullish ETF ($UUP) Looks Ready To Bounce

With the minor decline in the U.S. Dollar Index (CURRENCY:USD) during recent weeks, it looks as though the alternate scenario we wrote about in March may be playing out. If so, then the Dollar index and the related Power Shares DB U.S. Dollar Bullish ETF (NYSEARCA:UUP) may be ready to…