By NinjaTrader | April 18, 2018
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
By NinjaTrader | 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.
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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By NinjaTrader | 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
By NinjaTrader | 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
By NinjaTrader | 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
By NinjaTrader | 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
By NinjaTrader | 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
By NinjaTrader | 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
By NinjaTrader | 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
By NinjaTrader | 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
