The S&P 500 In The Final Week Of 2018-Q2

We know that this next week will be a holiday week for U.S. markets, so we’re just going to go straight to the charts this week to recap the fourth and final week of June 2018! Because we’re at the end of 2018-Q2, it’s also time to look ahead into the alternative futures of 2018-Q3……

AUD/USD Daily Analysis – Monday, July 2

AUD/USD moved sideways in a trading range between 0.7322 and 0.7443. As long as 0.7443 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7676 and a breakdown below 0.7322 support could take the price to 0.7200 area. Only a breakout of 0.7443 resistance could signal completion of the downtrend.

Independence Day: Full Week Ahead Preview

Different week, same focal point for markets: it’s all about trade. Last week ended with a broadside from GM which, in comments filed with the Commerce Department, warned that tariffs could lead to U.S. job losses. On Saturday, Peter Navarro dismissed that as “smoke and mirrors.” Let’s see what Trump has to say or, more to the…

Chart: US Credit Managers’ Index

This week the attention falls on the popular Purchasing Managers’ Indexes (PMI) as just about every country in the world provides a timely insight into how their economy is tracking. But one report that often flies under the radar is the US Credit Managers’ Index (CMI) which provides an insight into the US economy and in particular –…

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Financial markets are considered a forward-looking discounting mechanism. It means they anticipate future events and that current market prices discount or reflect all available information about present and potential events. The markets are, therefore, leading indicators of fundamental and economic data. In the stock market, it is all about expectations. Analysts and investors estimate future…

CRB Commodity Index Analysis

Monthly Chart Pattern – price has been in a downtrend since the 2011 high and the current price action looks corrective in nature. An ABC correction looks to be playing out with price still to put in a wave C high. Bollinger Bands – price is back at the middle band and I am looking…

Future Supply For Gold And Silver Is Horrendous

SBTV spoke with Daniel Ameduri of Future Money Trends to discuss gold, silver, mining stocks and the future for cryptocurrencies. Daniel also shares about how silver demand from electric vehicle applications and renewable energy will rise. Discussed in this interview: 02:05 Gold price and Fed rate hike 05:43 Gold is a cash position, not an investment 07:50 Bullion vs mining stocks…

SPY – Medium-Term Risks Building, But Can Rally Near Term

On the weekly chart, SPY remains grossly overbought, but near term there is room to rally – duration and magnitude notwithstanding. Options can help. US core PCE (personal consumption expenditures) increased 1.96 percent year-over-year in May – essentially two percent. The last time this metric, which is the Fed’s favorite measure of consumer inflation, rose…

Indian Indices Continue Downtrend; Sensex Down Over 280 Points

After opening the day in the red, share markets in India have continued their downtrend and are presently trading on a negative note. Sectoral indices are trading on a mixed note with stocks in the metal sector and telecom sector witnessing maximum selling pressure. The BSE Sensex is trading down by 282 points (down 0.8%), while the NSE Nifty is trading down by 94 points…