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The More You Know…

News of note & exclusive market commentary

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.

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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

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

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

VIX Spikes 25% as Facebook Rattles the Market

By | March 19, 2018

The CBOE Volatility Index (VIX), which is largely used to gauge turbulence in the market, took a 25% jump on Monday.Read More

February Employment Report – The Perfect Storm

By | March 9, 2018

The Dow Joes Industrial Average surged triple digits on Friday’s open on news from the Labor Department that February produced 313K new jobs.Read More

Bitcoin Futures Meets Key Resistance Level

By | March 6, 2018

Bitcoin Futures got off to a shaky start on Tuesday after the cryptocurrency failed to breach a major resistance level of $12,000 during yesterday’s regular trading hours.Read More

Futures Tumble on Trade Wars

By | March 2, 2018

U.S. Index futures took a sharp turn to the downside on Friday as the potential for a trade war sent jitters throughout Wall Street.Read More