In today’s trader tip video, Chris talks about the current stock market volatility, the US dollar ETF UUP, the natural gas ETF UNG, and his current cash position. we are very close to the market flipping into a bear market. At that point, it is a game-changer and trading strategies must change. Are you ready to catch the downward trends? more...
Euro Weekly Price Outlook: EUR/USD Recovery Could be Short Lived Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart. Crude Oil Weekly Technical Forecast: Support May Soon Lead to Rally Crude oil took a spill last week, but with support at its feet look for it to try and bounce after a bit more weakness first. ...
Using PPI to trade forex: Talking points PPI stands for the Producer Price Index, which is an important piece of economic dataPPI data is released during the second week of each month.Forex traders can use PPI as a leading indicator to forecast consumer inflation measured by the Consumer Price Index (CPI). PPI is an important piece of economic data due to its ...
After reporting a notable decrease in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Wednesday showing an unexpected rebound in existing home sales in the month of May. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.62 million. more...
The AUD/USD is trading into key values of support, as the pair has fallen as much as 199 pips from the standing yearly high at .7741. This decline has come mostly on the back of recent US Dollar strength, and now the market is waiting for Fed Chair Janet Yell to make her most recent statements in Chicago later today. Technically the AUD/USD is trending lower in the short term, trading well below its 10 day EMA (exponential moving average), ...
Recent Comments