Monthly Archives: November 2017

Precious Metals Are About To Blast Off

If you’ve followed our analysis long enough, you’ll understand that we have been bullish yet cautious of this market move. Our research team at ActiveTradingPartners.com has been warning our members of the potential for a volatile and possibly viscous retracement in the US majors for weeks. We understand that capital, as a source that requires ROI and degrees of certainty, is moving into US equities at an incredible pace and that the last 8+ months worth of fantastic moves in the US markets are related to expectations […]

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Brent Touches New 2-Year High, What’s Next?

prices continued to march higher on both sides of the Atlantic early Monday. In the early trading hours, reached a high of $62.44, a level last seen in July 2015, and represents a 40.8% surge from June’s lows. There’s no doubt that OPEC and co. have been a major influencer of the most recent rally, but oil traders have a new political risk to consider, in the coming days and weeks. The anti-corruption crackdown in Saudi Arabia resulting in the arrest of 11 princes, and dozens of […]

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Dollar Touches 8-Month Highs versus Yen on Rate Hike View By Investing.com

© Reuters. Dollar rises to 8-month highs vs. yen on diverging monetary policy outlook Investing.com – The dollar rose to its highest level in eight months against the yen on Monday, boosted by the contrasting monetary policy outlooks between the Federal Reserve and the Bank of Japan. rose to a high of 114.73, the strongest level since March 15, before pulling back to trade at 114.28, still up 0.18% for the day by 03:31 AM ET (08:31 AM GMT). BoJ Governor said on Monday that it will […]

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iFOREX Daily Analysis : November 06,2017

The US Dollar was trading higher on Friday against other major currencies, as in the United States the ISM Non-Manufacturing Index was at 60.1 (expected 58.6) and Factory Orders were up 1.4% in the previous month (expected 1.2%). The Non-Farm Payrolls (NFP) and Trade Balance data below expectations could not stop the advance of the Dollar. On a weekly basis the (USDX) closed almost unchanged. Gold traded lower due to the fundamental economical data from the US and the stronger Dollar. Oil was pushed higher as the […]

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Japan stocks higher at close of trade; Nikkei 225 up 0.11% By Investing.com

© Reuters. Japan stocks higher at close of trade; Nikkei 225 up 0.11% Investing.com – Japan stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Tokyo, the rose 0.11% to hit a new 5-year high. The best performers of the session on the were Hitachi Zosen Corp. (T:), which rose 8.25% or 47.0 points to trade at 617.0 at the close. Meanwhile, Nippon Sheet Glass Co., Ltd. (T:) added 5.83% or 54.0 points to […]

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Saudi Arabia’s New Sheriff Pumps Oil Higher

Saudi Arabia’s Crown Prince Mohammed bin Salman’s detaining of many prominent citizens this weekend pumps oil even higher from Friday’s impressive session. Oil rocketed higher on Friday as the markets negotiated the without incident and concentrated on tightening global supplies, ignoring overbought technical indicators. Crude maintained the positive tone in early Asian trading after the Saudi Arabian bombshell over the weekend with multiple arrests of various Princes, Ministers and prominent businesspeople on suspicion of corruption. Crown Prince Mohammed bin Salman is wasting no time in yet another […]

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Aussie Holds Steady, Kiwi Moves Lower in Late Trade By Investing.com

Aussie little changed, kiwi lower vs. greenback Investing.com – The Australian dollar was steady against its U.S. counterpart on Monday, while the New Zealand dollar moved lower after disappointing local inflation expectations data and as markets were still digesting the latest U.S. jobs report. was steady at 0.7648 The Labor Department said on Friday that the U.S. economy added in October, falling short of forecasts for 315,000 new jobs. The unemployment rate ticked down to , its lowest level since December 2000. However, some investors believe the […]

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USD/CNH Forming A Triangle Pattern On 4-Hour Chart

The pair seems to be forming a triangle pattern on its 4-hour chart. The price broke above a falling trend line last Friday, indicating that the short term downtrend from 6.6635 had completed at 6.5840 already. Further rally towards the top trend line of the triangle pattern now at around 6.6550 would likely be seen. A clear break above this trend line could take price to next resistance level at 6.6635. Breakthrough here could trigger further upside movement towards 6.6884 key resistance. A breakout of 6.6884 level […]

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