51st record close for the Dow. IBM leads the charge (up 8.86%)
Tomorrow will be 30 years since the crash of 1987 and that story, may remind people that there can be a crash, but the market has not really shown signs of stopping to run highe…
The post Dow closes above 23K for first time. S&P and Nasdaq record closes. appeared first on Forex news forex trade.
Wide predictions for oil prices in 2017
It’s time for a breakout in oil prices, which direction depends on who you ask.
Bloomberg is out with a story on the breadth of the forecasts at a conference today in London.
The post The oil market in 2017: Bri…
The drama in Spain continues
Reuters is reporting, citing a Catalan government source, that he would formally declare independence if Spain suspends regional autonomy.
The post Catalan leader says he would declare independence if Spain suspends autonomy – report appeared first on Forex news forex trade.
Breaking trend line keeps the buyers happy and in control
The EURJPY has also had a nice trend move higher today.
Looking at the 5 minute chart, the pair started the day basing near the 100 and 200 hour MAs. The pair moved up to test the 100 hour…
The post Forex technical analysis: EURJPY has continued it run higher too appeared first on Forex news forex trade.
Coinciding with an unprecedented surge in violence in cities like Chicago and Baltimore last year, the 2016 Law Enforcement Officers Killed And Assaulted (LEOKA) report released by the FBI earlier today has revealed a staggering increase in criminal at…
The post FBI Reports 61% Surge In “Felonious” Cop Killings Year Over Year appeared first on Forex news forex trade.
Comment from Sarah Sanders
Trump is meeting with Yellen today. He will either reappoint her or say ‘you’re fired’ and appoint one of:
This is pretty much how I see central bankers.
The post White House: Federal Reserve chair decision due in ‘coming days ‘ appeared first on Forex news forex trade.
With the market now stuck in the “Icarus Rally” melt-up predicted earlier in the year by BofA Michael Hartnett, in which EFTs, algos and desperate carbon-based hedge fund managers are all chasing performance, i.e. beta, in the last weeks of the year, a…
Scoots up to the 50% retracement
The EURUSD has pushed to and through the 200 and 100 hour MAs at 1.1793-955 area. The break sent the pair to the next level defined by the 50% of the move down from the October 12 low at 1.18043.
The post Fo…
Is that the right shoulder or not?
The intraday reversal in the euro continues with EUR/USD now up 33 pips on the day to 1.1801. A close above the big figure also traces out a bullish outside day.
The post Euro climbs back over 1.18 but an ominous patt…