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Crude Oil Matches 2015 High

By | April 18, 2018

Crude Oil

Crude Oil futures extended its gains on Wednesday trading at roughly $68/barrel, a high not seen since October 2015. The rally came on news that major oil supplier, Saudi Arabia, is targeting futures prices of $80/barrel. Simultaneously, government data released by the U.S. Energy Information Administration reported U.S. stockpiles fell last week by 1.1 million barrels. Last week’s decline in supply caught many analysts off guard who were expecting an increase of 600K barrels. Read More

Bullish GBPUSD Reaches Pre-Brexit Highs

By | April 17, 2018

During intraday trading on Tuesday, the British Pound inched its way to its highest level against the dollar since Brexit. The nearly two year slump started on June 24th, 2016 when the sterling saw the largest single day drop of any major currency in history as Britain voted to officially leave the EU.

The rebound has been backed by a number of factors surrounding optimism over the pending Brexit process, rate increases and a declining dollar spurred on wariness about U.S. trade policy and continued turmoil in the White House.

While the Pound continues to flirt with its recent intraday high reached in late January, Tuesday’s much anticipated labor data fell short of expectations. Wage growth missed predictions of 3% holding steady at 2.8%. Upcoming inflation data released on Wednesday is sure to be closely monitored by forex traders.

GDPUSD Chart

Currently trading in overbought territory as it trades outside of the upper Bollinger Band, coupled with the strong psychological resistance level of 1.43, GBPUSD traders should remain vigilant of potential pullbacks. A close above 1.43 could send the forex pair to continue recording higher highs not seen since the Brexit announcement.

The above chart was created for FREE with the award winning NinjaTrader platform. Download NinjaTrader today with free futures and UNLIMITED forex data!

Palladium Futures Surge 8% on Russia Sanctions

By | April 13, 2018

Palladium futures are on track to close out the week up nearly 80 points as supply concerns over a fresh round of US imposed sanctions on Russia, the world’s top palladium producing country, pull the commodity into bearish territory. Read More

Oil Spikes 5% as Geopolitical Concerns Heat Up

By | April 10, 2018

Crude Oil futures climbed in back to back trading sessions as tensions over a potential trade war temporarily ease while geopolitical concerns surrounding Syria take the reins.Read More

Futures Fall On Resurgence of a Potential Trade War

By | April 6, 2018

Equity Index Futures tumbled during the overnight session as the potential for a trade war reemerge. Following China’s tit-for-tat retaliation to Washington’s initial threat of $50 billion in tariffs, President Donald Trump doubled down with a move to consider $100 billion in additional tariffs.Read More

ADP – U.S. Adds 241K Jobs in March

By | April 5, 2018

The U.S. employment market remains strong as it heads for its 3rd consecutive month of gains.

After February’s solid showing of 313K new job additions, economists suggested the market could be hard pressed for a strong March to follow suit. However, according to payroll processor, ADP, March produced a total of 241K private sector jobs, beating expectations of 205K – 210K.Read More

China Retaliates with Tariffs of its Own

By | April 4, 2018

Dow futures fell hard ahead of Wednesday’s open sparked by resurfacing fears of a trade war with one of the United States’ largest trade partners, China.Read More

3 Advanced Trading Order Types Explained

By | April 2, 2018

In addition to basic order types such as Limit Orders & Stop-Market Orders, there are also more advanced order types which can be valuable tools in a trader’s arsenal.

This article will cover the following three advanced order types:Read More

Holiday Reminder – Good Friday

By | March 29, 2018

Friday, March 30th is Good Friday. Trading times for many products will change in observance of the holiday. For details, please visit the CME Group Holiday Calendar.Read More

Is the E-Mini S&P on the Brink of Bearish Territory?

By | March 28, 2018

The turbulent E-mini S&P 500 has experienced a wide trading range since the early February sell off. Spurred on fears of inflation, trade war, tech stock slumps and the potential for the Fed to introduce an additional rate hike, the ES has been on a wild and bumpy ride.Read More