There is a tendency for the US stock market (represented here by the Dow Jones Industrial Average) to ‘pivot’ every 9 years. The next year in the cycle is 2018. The question then, is 2018 going to be a high or a low?
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WTI Crude Oil (CFD: US Oil) Remained Above the Weekly Pivot After Yellen’s Jackson Hole Speech. The Next Bullish Break Could Be Big.
AUD/NZD closing for third consecutive week to the downside. Short term momentum seems to be exhausting for the cross. Long term Symmetrical Triangle support line looming.
Fed Chair Yellen’s remarks today led to the widest daily trading range of the week for the USDOLLAR Index.
After Dudley Provided a Turnaround Tuesday For the US Dollar, FOMC Minutes Pushed the Dollar Lower.
DJIA fails to be inspired by rate hike talks by the Fed. DJIA continues to trade in a tight range between 18,250 and 18,665.
Subdued Economic Growth may limit the U.S. Federal Reserve’s tightening scope in upcoming quarters
US Dollar bulls should be wary headed into Fed Chair Yellen's speech today.
The CAC 40 is set to close the trading week locked inside of a 75 point range.
Short-term double-top still in play, support holding into Yellen speech.
The UK index is falling back into support and could soon turn higher.
The GBP/USD won back 1.32 and the key event risk ahead could prove to be a volatile ride for US Dollar pairs, with the British Pound in focus
Dismal developments coming out of the U.S. may generate a larger recovery in EUR/USD as market participants continue to price a limited chance for a 2016 Fed rate-hike.
The ASX 200 is trading in a well-defined short term range and a break could prove significant
The US Dollar may rise as Federal Reserve Chair Janet Yellen boosts rate hike speculation with a much-anticipated speech at the Jackson Hole Symposium.
The Nikkei 225 is trading below the 16,500 level after a week of subdued volatility, and a hold below the level might suggest a retest of 16,000
The Yen showed a tepid response against its major peers after Japan’s July CPI report crossed the wires. The Fed’s Chair Janet Yellen will present a speech at Jackson Hole tomorrow.
Crude oil prices bounced amid renewed hope for an OPEC output freeze deal at next month’s informal meeting. Gold prices may fall on hawkish comments from Fed Chair Yellen.