The price of gold took a sharp dive on Thursday, plummeting well below its key 50-day moving average. Driving this move was the U.S. dollar, which rose broadly against a basket of other major currencies. Gold Uptrend Driven … [Read More]
U.S. stocks had a third consecutive down day on Wednesday (March 6, 2019) since the S&P 500 (SPX) hit its year-to-date high at the major 2816 resistance level earlier in the week. Some have attributed this recent faltering … [Read More]
The past week in the markets saw all three major large-cap U.S. indexes (Dow, S&P 500, and Nasdaq Composite) rise consecutively for all eight weeks since the beginning of the year. It’s actually nine weeks if you include … [Read More]
Continued optimism over the prospects of a potentially successful US-China trade deal has helped lift both U.S. and Chinese markets. As we noted here, President Trump said on Tuesday that he would consider postponing the current deadline for … [Read More]
In the week ahead, US-China trade conflicts and negotiations will continue to be in focus for the markets as earnings season begins to wind down. Markets Hit by Trade Uncertainty As for the past week in the markets, … [Read More]
Stocks dropped sharply on Thursday after reports surfaced that President Trump would not be meeting Chinese President Xi Jinping before the March deadline when the U.S.-China trade war “ceasefire” is scheduled to end. Back in early December, Trump … [Read More]
Positive news about U.S.-China trade negotiations seem rather plentiful of late. These developments have helped contribute to market surges on both sides of the Pacific. Recent trade developments have lifted both U.S. stocks (represented by the S&P 500) … [Read More]
Since April, the Chinese yuan (or renminbi) has dropped sharply against the surging U.S. dollar. This has resulted in a sharp rise of the USD/CNY (US dollar vs Chinese yuan) currency pair. Much of the yuan’s apparent weakness … [Read More]
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