The Euro continues to try to rally against the US dollar, but at this point in time, it’s likely that the market continues to see selling pressure just above. And quite frankly, this has been a very lackluster week for the Euro. We are approaching an area that I think we have to make a…
On Friday the Nvidia stock initially rallied a bit during the early hours here on Friday but then turned around to show signs of hesitation as traders continue to see a lot of questions asked about the extension and expansion of the stock market. The non-farm payroll announcement was not released on Friday, so we…
The British Pound has rallied quite nicely against the Japanese Yen during trading on Friday as the 198 Yen level has offered a significant amount of support. The 50-day EMA is offering a little bit of resistance at the 198.9 Yen level, but I do think it will get sliced through again given enough time….
The US dollar rallied against the Japanese yen during the early hours on Friday, but we have seen a certain amount of resistance in this market, as this pair continues to be very noisy. That doesn’t surprise me, because it has been very choppy for months, even though we at one point got a bit…
Silver rallies again during the trading session on Friday, as we have now broken above the crucial $48 level. Now that we have cleared the psychological level, it does open up the possibility of a move to the $50 level, which is a large, round, psychologically significant figure, and short-term pullbacks will more likely than…
The NASDAQ 100 ended up being very sideways during the trading session on Friday as we continue to see a lot of ambivalence in this market due to the lack of a Non-Farm Payroll announcement, as the US government shut down. With that being said, there is a serious lack of momentum at the moment,…