The last two and one half years has been good for most investors with the S&P 500 returning roughly 29% over that time frame. However, returns in the energy sector over that same time frame were just short of abysmal. This poor performance of the energy sector is tied directly to the price of crude…
The first trading day of 2018 saw the major indexes climb considerably higher and clothes very strong and active trading getting the new year started. The strength was across many sectors of the market, and in particular of note were the Chinese related Stock names. It appears that on Friday of last week, some regulatory…
Palladium was up 55% in 2017 – the best performing commodity in the world – and if the first two days of this year are anything to go by, 2018 will see a repeat. Palladium inventories in warehouses tracked by Nymex shrank 25 percent in December, capping a fourth straight annual decline, the longest streak since 2000. Amid shrinking…
Gold has closed higher in the past eight sessions, closing at a three-month high of $1307 yesterday. In 2017, it gained by about 12% fueled by a dollar that dropped by more than 13%. Gold is unlike other commodities. It is a precious metal found deep inside earth’s crust. It is found in plenty in…
AUD/USD marks its longest stretch of advances since September 2007, with the pair at risk of extending the recovery from the December-low (0.7501) as the bullish momentum appears to be gathering pace. Near-term developments in the Relative Strength Index (RSI) alters the broader outlook for AUD/USD as the oscillator clears the bearish formation and pushes…
Yesterday’s rally in the stock market may have cleared up a little bit of short-term timing. The odds are that we will rally into the first week of earnings season. Video Length: 00:05:14
Shares of Intel (INTC) and Advanced Micro Devices (AMD) are in focus following a report from The Register that alleged Intel processor chips have a fundamental security flaw that forced redesigns of Linux and Windows kernels. DESIGN FLAW: A newly discovered silicon-level flaw in Intel’s chip designs is forcing operating system manufacturers to update kernels…
AUDUSD extended its upside movement from 0.7501 to as high as 0.7844. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at 0.7900 area. On the downside, a breakdown below the bottom of the channel will suggest…
The price of Ripple did not stop after conquering the second place from Ethereum. The cryptocurrency that is gaining interest from Japanese banks continues rallying with XRP/USD hitting a high of $2.65. The previous record was $2.49, in a double-top formation that did not last for too long. The cross-border payments solution for big banks received…
As I wrote yesterday, the eurozone is fully recovered from the sovereign debt crisis. And that’s been true since early in 2016. But it’s only now that big growth is kicking into high gear as the synchronized global upturn takes hold. These are statistics though — averages. Underneath the surface, there’s still a lot of pain in…
