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USD/CAD Daily Analysis – Wednesday, Nov. 28

USD/CAD Daily Analysis – Wednesday, Nov. 28

USD/CAD broke above 1.3317 resistance, suggesting that the uptrend from 1.2782 (Oct 1 low) has resumed. Further rise could be expected and next target would be at 1.3400 area. Near term support is at 1.3285, a breakdown below this level could bring the price back toward the bottom of the price channel on the 4-hour […]
European Gas Stations Out Of Diesel: French Refinery Strike Deepens Crisis

European Gas Stations Out Of Diesel: French Refinery Strike Deepens Crisis

Diesel is in short supply in Europe. The situation is about to worsen as the biggest French refinery is shutting down. Bloomberg reports Europe’s Diesel Woes Deepen as Strike Halts French Oil Refinery. Total SA, France’s biggest refiner, is in the process of shutting its largest plant in the country, the 247,000-barrel-a-day Gonfreville facility in Normandy, […]
3 Reasons EUR/USD Why Is Plunging Towards The Yearly Lows

3 Reasons EUR/USD Why Is Plunging Towards The Yearly Lows

EUR/USD extends its losses after losing downtrend support. Italy and global trade, and the Fed are sources of concern. On a busy day, the pair may enter oversold conditions. EUR/USD is struggling below 1.1300, extending its losses. The US Dollar gained ground on Tuesday on two significant factors. The common currency is losing ground on […]
Follow Goldman With These Commodity ETFs

Follow Goldman With These Commodity ETFs

Commodities have been on the longest losing streak in more than three years with the Bloomberg Commodity Index, which measures returns on 22 raw materials, plunging 8% from a year-to-date look. This is especially thanks to a strong dollar, trade frictions and concerns over China’s demand outlook. Additionally, weakening economic growth in many parts of […]
Consumer Confidence Declined In November

Consumer Confidence Declined In November

The latest Conference Board Consumer Confidence Index was released this morning based on data collected through November 13. The headline number of 135.7 was a decrease from the final reading of 137.9 for October. Today’s number was below the Investing.com consensus of 135.9. “Despite a small decline in November, Consumer Confidence remains at historically strong levels,” said Lynn Franco, […]
Crude Rebound Stalls As Kuwait Seeks Stable Oil Market

Crude Rebound Stalls As Kuwait Seeks Stable Oil Market

OIL TALKING POINTS Crude struggles to preserve the rebound from earlier this week as Kuwait’s Oil Minister, Bakheet Al-Rashidi, argues that ‘it’s very early to talk about any cuts’ ahead of the Organization of the Petroleum Exporting Countries’ (OPEC) meeting on December 6, and the current environment is likely to keep oil prices under pressure as the Relative Strength Index […]
The Dangerous Game Both Powell And Trump Are Playing

The Dangerous Game Both Powell And Trump Are Playing

Chris Temple kicks off today with a recap on Fed Vice-Chair Richard Clarida speech this morning. The real focus will be on the G20 meeting at the end of this week and the Fed meeting in December. As Chris states both Powell and Trump are playing dangerous games but is one of them more oblivious […]
The Key Levels To Trade Right Now

The Key Levels To Trade Right Now

We’re into a critical price level and what happens here determines whether or not we’ll trade bullishly or bearishly for the rest of the week. In tonight’s video, Corey Rosenbloom walks you through the reasons why 2,680 is our key short-term planning level in the /ES and then what two targets we’ll be targeting for […]
Top 5 Charts Of The Week – Tuesday, Nov. 27

Top 5 Charts Of The Week – Tuesday, Nov. 27

This week we look at the following charts and themes: Global PMI vs Bond Yields – the composite manufacturing PMI is pointing to a possible move lower in bond yields. Developed Market PMIs – gone from synchronized strength in 2017 to asynchronous apathy in 2018. Global trade growth (EM vs DM) – EM growth is […]
Top Stock Picks For This Week – Tuesday, Nov. 27

Top Stock Picks For This Week – Tuesday, Nov. 27

Video Length: 00:10:16 Illumina, Inc. (ILMN – Free Report), is a biotech company which provides tools and integrated systems for analysis of genetic variation and function. Sometimes referred to as the NASA of Biotech & Genetics because they make the starships for exploring the genome. In the past six months, Illumina has outperformed its industry. Additionally, improving margins […]