A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images Asia-Pacific markets were mostly higher Monday as investors digested monetary policy decisions from Japan and China as well as the U.S. Federal Reserve’s sharp rate cut last week. Data last Friday showed China’s […]
A Japanese flag is displayed as shoppers and pedestrians walk past stores at a shopping street in Tokyo, Japan, on Wednesday, Nov. 23, 2016. Tomohiro Ohsumi | Bloomberg | Getty Images Asia-Pacific markets were higher Friday with Japan’s Nikkei 225 leading gains, after Wall Street soared overnight following the Federal Reserve’s outsized rate cut. The […]
An offshore oil platform. Cavan Images | Cavan | Getty Images The NYMEX oil chart has three technical features. They signal a continuation of the uptrend with a target near $87. However, movement toward this target is hindered by several resistance features which tend to slow the trend momentum. The first technical observation is the […]
A cyclist rides past an electronic stock board showing a figure of the Nikkei Stock Average outside a securities firm in Tokyo, Japan, on Friday, Jan. 12, 2018. Tomohiro Ohsumi | Bloomberg | Getty Images Coincidence in the markets can mean nothing, or it can provide a very useful trading edge. Looking at the below […]
We suggested in August that traders who went short gold in May were beginning to consider covering their short positions. The consolidation over the past few weeks has triggered short covering, but it has not encouraged new long positions. When the gold price rebounds, it tends to do so rapidly without any consolidation activity. The […]
Carolyn Hebbard | Flickr | Getty Images A few weeks ago I noted the market contradiction between the and the .The stock market was making new 10-year highs but the currency was posting significant lows. There was a contradiction, and a question arose: Who is the dominant partner in this relationship? Well the answer is […]