Market Analysis

Daily markets morning round-up: E-mini S&P, gold, crude & Treasuries

By Bill Baruch | June 5, 2018

Major U.S. benchmarks are holding Monday’s gains and then some this morning after the Nasdaq Composite closed at a record high to start the week. Europe is leading this morning, the DAX is + 0.8% while Asia is muted. Traders want to keep an eye on Europe as Italy’s new PM Conte faces a bit of a confidence vote, though the coalition that appointed him has a majority.

Please OPEC, please!

By Phil Flynn | June 5, 2018

The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter.

Daily Price Action: E-mini S&P 500

By Al Brooks | June 5, 2018

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Monday, June 4, 2018.

GBP/USD drops ahead of UK and US services data

By Fawad Razaqzada | June 4, 2018

It has been a day of two halves for the U.S. dollar. The greenback was initially lower and sharply so against some commodity currencies, before bouncing back in the second half of today’s session – most notably against the British pound but also versus the Swiss franc and the Japanese yen. Commodity currencies were still outperforming, however, no doubt boosted by the ongoing risk-on rally.

AUD/USD kicks off busy week with a bang

By Fawad Razaqzada | June 4, 2018

Friday’s “risk-on” rally, triggered in part by those strong US employment figures, followed through on Monday as Asian shares and U.S. index futures rose. Although Europe was also higher at the open, some of the major indices such as the German DAX gave up their earlier gains as investors considered the impact of U.S. import tariffs on metals and how this may impact European companies and their profits.

Pages