Oil survives the test of $70, so far
The one-year oil curve fell into contango today, as prices from the first month continued to…
Continue ReadingUS: LABOR MARKET REMAINS FAR TOO HOT FOR THE FED’S LIKING – WELLS FARGO
The US dollar pared weekly losses after the release of a US jobs report that showed…
Continue ReadingCANADA: NO BIG SURPRISES IN THE EMPLOYMENT REPORT, BOC TO HIKE BY 50 BPS NEXT WEEK – CIBC
On Friday, Canada’s employment report showed better-than-expected numbers. The loonie fell against the US dollar but…
Continue ReadingIs there more to the jobs picture? The household survey has been flat since March
The US dollar gave back most of its gains and the initial frenzy over the non-farm…
Continue ReadingRay Dalio is having himself a rough stretch
Bloomberg reports that Bridgewater Associates, the hedge fund founded by Ray Dalio, largely ruined what turned…
Continue ReadingBYD share: The Tesla competitor is threatened with strong sell signals
Regarding the current situation, a quick check of investors for BYD shares. Chinese stocks have resisted…
Continue ReadingVarta share – Investors have to be careful: Decisive trend signals are close
Varta stock, which is actually very volatile, hovered around the 20-day mark for days. Prices between…
Continue ReadingEURUSD rebounds back above 200 MA. Key bounce at the lows too.
EURUSD fell below the 200-day moving average of 1.03875 and rose to 1.035 . This low…
Continue ReadingCrude oil retraces the gains for the day
The price of WTI crude oil fell back to the $78 level after today’s rise to…
Continue ReadingWTI Crude Oil Forecast: Looks Tired
On the other hand, oil certainly has a lot of resistance in the form of the…
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