The following article is based on the recent price developments in the JPY/USD (6J) futures market utilising the weekly market profile in combination with the volume profile.
Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro Currency is NEUTRAL.
For weeks, critics said Wall Street’s big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation.
Benchmark U.S. crude oil for July delivery rose $2.14 to settle at $39.55 a barrel Friday. Brent crude oil for August delivery rose $2.31 to $42.30 a barrel.
More USD longs stopped out in early European trade after quiet Asian session. Traders are expecting 8M jobs lost in the US, jump in the unemployment rate to 19.7%. Canadian...
Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days.
Benchmark U.S. crude oil for July delivery rose 12 cents to settle at $37.41 a barrel Thursday. Brent crude oil for August delivery rose 20 cents to $39.99 a barrel.
There has been a lot of talk in the financial press about the shape of the COVID-19 recovery. V shapers view the huge 38% rally in the S&P 500 as predictive and a solid signal of a quick snapback. W shapers...
Italian bonds love the news as the BTP/Bund yield spread plunges 20bp to +174bp. EURUSD pops above 1.1230-50 resistance zone, but now falling as Lagarde speaks. Broader USD...
The EURUSD appears on pace going into today's European morning, to form its 1st red daily candle in 9 days. Significantly, odds are high for healthy profittaking occurring as early as following today's...
EURUSD shows an impulsive rally from 5.14.2020 low and dips should be supported. This article and video look at the Elliott Wave path.
Most Asian stock markets were mixed Thursday after Wall Street gain on surveys showing better U.S. jobs and manufacturing conditions than expected.
BERLIN (AP) — Germany’s governing parties agreed on a 130 billion euro ($146 billion) stimulus package Wednesday to help kick-start the economy, which like others around the world has taken a heavy...
Benchmark U.S. crude oil for July delivery rose 48 cents to settle at $37.29 a barrel Wednesday. Brent crude oil for August delivery rose 22 cents to $39.79 a barrel.
PBOC sets higher than expected USDCNY fix. USDCNH bounces, leads USD off lows. BTP/Bund spread widens back above +190bp ahead of tomorrows ECB meeting. Tomorrows OPEC+ meeting in...
Global equity markets are higher as hopes build for more economic stimulus.
TOKYO (AP) — Asian shares rose Wednesday after Wall Street extended its gains for the third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.
Benchmark U.S. crude oil for July delivery rose $1.37 to settle at $36.81 a barrel Tuesday. Brent crude oil for August delivery rose $1.25 to $39.57 a barrel.
Chinas foreign ministry says it has no information on directed halt to US soybean purchases. Chinas Global Times says firms continue to purchase US soybeans in line with market rules....
June S&P 500 futures advanced to their highest level since Mar 6 and NASDAQ futures are at their best levels since Feb 21.
