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Gold prices are sharply higher and are challenging the key $1,100.00 level in early U.S. trading Friday. More safe-haven buying interest and short covering in the futures market are featured as the U.S. stock market is poised to open up sharply lower. There is also more uncertainty as U.S. traders and investors head into a three-day holiday weekend. The U.S. dollar index is solidly lower on this day, which is also working in favor of the precious metals ...
As it has for much of 2015, China’s soft economic underbelly will remain a core concern for the growth of the global marketplace. Indeed, the odds are that China’s economic troubles will only continue to get worse in 2016—and the events of these very first days of the new year are not a good omen. This is because Beijing has painted itself into a corner and the various policy levers it is trying to press are producing contradictory outcomes. ...
"While inventories were lower when the Energy Information Administration released its weekly Petroleum Status Report Jan. 6, prices continued to drop for the week, indicating that investors are not likely to see improvement in oil price levels for at least the first half of 2016." Weekly price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. Fibo support level at 30.39 is going to be broken by the price from above to below for the ...
A stock market already in the mood for a bounce got a little extra goose from a solid December jobs report issued Friday morning. Even with a comforting economic number, a tough trading week leaves some Wall Street observers warning for more volatility, however—market twists that are likely to include at least short-term recoveries such as the one taking shape on Friday. The major stock averages fell some 2%-3% in Thursday’s volatile session, ...
Many investors see dividend aristocrat McDonald’s Corp. (MCD) as a slam-dunk for big gains and another hike in 2016. Too bad they are, like many dividend growth disciples, betting on what they see in the rearview mirror. Daily price for MCD stocks are in bullish breakout located above Ichimoku cloud, and weekly stocks are on weekly bullish breakout to be started in September this year. Chinkou Span line is located above the price indicating ...
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