8 September 2018

Below you can find our 8 September 2018 posts archive, organized chronologically.
  • Cryptos

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 08/09/18

    It’s a positive start to the day, but the gains are far from impressive, which could weigh should the market tread water through the morning.

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  • Bitcoin Board

    Bitcoin – A Weekend Rally or sub-$6,000

    It’s been a positive start to the day, though the lack of an early relief rally leaving the Bitcoin bears firmly in control going into the weekend.

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  • AUD/USD daily chart, September 10, 2018

    AUD/USD Price Forecast – Australian dollar pierces support

    The Australian dollar pierced support during trading on Friday but is already trying to get back to that level and perhaps even break above there. A lot of what we will see on this chart will have more to do with the Chinese/American trade spat than anything else.

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  • EUR/USD daily chart, September 10, 2018

    EUR/USD Price Forecast – Euro falls hard during session on Friday

    The Euro fell hard during the day on Friday after the jobs report in America came out. At this point though, it does look like we are trying to find our footing, so we could get a bit of a bounce from here. If we do, then the market probably goes looking towards the 1.1650 level yet again.

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  • GBP/JPY daily chart, September 10, 2018

    GBP/JPY Price Forecast – British pound jumps against Japanese yen

    The British pound jumped higher against the Japanese yen during trading on Friday, and what would have been very hectic action due to the jobs number coming out of America. As you can see on the hourly chart, we have smashed directly into resistance.

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  • GBP/USD daily chart, September 10, 2018

    GBP/USD Price Forecast – British pound rallies towards resistance

    The British pound rallied towards resistance during trading on Friday, slamming into the 1.30 level before selling off again after the jobs number. There is a lot of noise just above, but I think the buyers are eventually going to get there wish.

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  • USD/JPY daily chart, September 10, 2018

    USD/JPY Price Forecast – US dollar rallies against Japanese yen after jobs number

    The US dollar rallied significantly against the Japanese yen after the jobs number came out in the United States. With a strong labor force market, the United States looks as if it is still rallying overall, and that its economy should continue to drive higher.

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  • Gold daily chart, September 10, 2018

    Gold Price Forecast – Gold markets very choppy during jobs number

    Gold markets were very choppy during the Friday session as the jobs number came out of America quite strong. The currency markets went all over the place is a typically do, and as a result it’s very likely that Gold would fall right along. Looking at the charts, you can quite clearly see that has happened.

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  • Natural gas daily chart, September 10, 2018

    Natural Gas Price Forecast – natural gas markets grind lower during Friday session

    Natural gas markets went lower during the Freddie session, but it was a bit of a grind lower, not necessarily some type of breakdown. Ultimately, this is a market that continues to show a lot of volatility, but when we look at the longer-term charts, it’s easy to see what’s going on.

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  • Crude Oil daily chart, September 10, 2018

    Crude Oil Price Forecast – crude oil markets continue to look soft

    The crude oil markets broke down a little bit during the trading session on Friday again, as we continue to see weakness in energy overall. Because of this, we are starting to test rather serious support levels. Ultimately, I think there are a lot of questions to be asked.

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  • Silver daily chart, September 10, 2018

    Silver Price Forecast – Silver markets slightly positive for Friday session

    Silver markets were slightly positive during the Friday session, as the $14 level looms large below.

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  • S & P 500 daily chart, September 10, 2018

    S&P 500 Price Forecast – US stock markets rally after jobs number

    The US dollar rallied significantly after the jobs number came out on Friday. With a strong jobs number, this does bode well for the US economy but the question now is whether global trade tensions start to weigh upon the stock market again?

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  • AUD/USD weekly chart, September 10, 2018

    AUD/USD Weekly Price Forecast – Australian dollar chisels away at support

    The Australian dollar initially tried to rally during the week but gave up all of the gains to break down below the 0.7150 level after the jobs report on Friday. However, things look as if they are getting ready to stabilize a bit, so a meltdown may have just barely been avoided.

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  • EUR/USD weekly chart, September 10, 2018

    EUR/USD Weekly Price Forecast – Euro choppy and negative

    The Euro has had a rough week, forming a bit of a shooting star again for the second week in a row, as it looks like we are going to test the 1.15 level underneath. There is a hammer from a couple of candles ago though, and that could be your savior.

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  • GBP/JPY weekly chart, September 10, 2018

    GBP/JPY Weekly Price Forecast – British pound choppy against yen for the week

    The British pound went back and forth during the week against the Japanese yen as we continue to have a lot of moving headlines when it comes to the British pound and all things related to it. Beyond that, this pair does tend to react to global trade.

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  • GBP/USD weekly chart, September 10, 2018

    GBP/USD Weekly Price Forecast – British pound rallies for the week

    The British pound rallied during the week, after initially pulling back against the US dollar. By finding support where did, this is a good sign and we could be looking at a serious attempt to rally going forward.

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  • USD/JPY weekly chart, September 10, 2018

    USD/JPY Weekly Price Forecast – US dollar flat against Japanese yen for the week

    The US dollar chopped around during the week against the Japanese yen, essentially hovering around the ¥111 level. This is a market that is essentially “dead money” right now. However, things could change rather quickly, but until then this is probably a short-term trade.

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  • Gold weekly chart, September 10, 2018

    Gold Weekly Price Forecast – Gold markets however above major support

    Gold markets continued to show signs of weakness over the last five sessions, and a proclivity to hang about the $1200 level. However, when I look at the longer-term charts, it’s obvious to me that there are significant support as just below.

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  • Natural gas weekly chart, September 10, 2018

    Natural Gas Weekly Price Forecast – natural gas markets get pummeled during the week

    Natural gas markets got hammered during the week, breaking down below the bottom of the hammer from the previous week, which of course is a very negative sign. However, the same analysis is true that has been true for months.

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  • Crude Oil weekly chart, September 10, 2018

    Crude Oil Weekly Price Forecast – oil markets sell off drastically during the week

    Crude oil markets initially tried to rally during the week but found far too much in the way of resistance above. We turned around to fall significantly during the last several sessions of the week, and as a result I think that the overall triangle pattern should continue to hold the markets attention.

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  • Silver weekly chart, September 10, 2018

    Silver Weekly Price Forecast – Silver markets continue to grind lower

    Silver markets broke down a bit during the week, testing the $14 level at one point. That’s an area that is crucial, so keep in mind that a lot of big players will be paying attention.

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  • S & P 500 weekly chart, September 10, 2018

    S&P 500 Weekly Price Forecast – stock markets pulled back for the week

    The US stock markets pulled back during the week, breaking down below the 2880 handle before finding a bit of buying pressure. Looking at this chart, we are still well within a channel though, so I think that the red candle isn’t a big deal, and simply signifies that the market is trying to find value.

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  • volatility

    Battle Between Optimism and Fear Could Fuel Stock Market Volatility

    Technology stocks have led the major indexes higher this year, and they could fuel any substantial near-term correction. Some analysts are saying that last week’s sharp sell-off in the chipmaker sector was the “canary in the coalmine”. However, further weakness in social media stocks and the “Trillion-Dollar Twins” – Apple and Amazon, could be the major catalysts driving the price action this week.

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  • US Economy

    Greenback Firms on Rising Treasury Yields, Safe-Haven Buying

    Strong domestic economic data helped underpin the dollar last week. Key reports included the ISM Manufacturing PMI, ISM Non-Manufacturing PMI, and Non-Farm Payrolls. Treasury yields jumped after the numbers were released and stocks were mixed on expectations the data justified more rate hikes from the Federal Reserve. Worries about escalating trade disputes continued to weigh on emerging markets including China, driving investors into the safety of the U.S. Dollar.

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