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Froth & Greed Are Back
Article By:
Paul Schatz
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Monday, June 14, 2021 10:01 AM EDT
The major stock market indices have basically treaded water for over a month although we did see the S&P 500 score a marginal new, all-time high on Friday.
In this article: SPX
US Dollar Index Price Analysis: Upside So Far Capped Near 90.60
Article By:
Pablo Piovano
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Monday, June 14, 2021 9:51 AM EDT
DXY keeps the trade near recent peaks around 90.50. Extra gains likely above 90.60/70 for the time being.
In this article: UUP
USDX: The Cleanest Shirt Among The Dirty Laundry
Article By:
Przemyslaw Radomski, CFA
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Monday, June 14, 2021 9:48 AM EDT
Once the momentum unfolds, ~94.5 is likely the USD Index’s first stop. In the months to follow, the USDX will likely exceed 100 at some point over the medium or long term.
Bitcoin Breaks Above 21 EMA Resistance In 5 Waves
Article By:
Chris Svorcik
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Monday, June 14, 2021 9:44 AM EDT
Bitcoin (BTC/USD) made a bullish bounce at the 78.6% Fibonacci retracement level. It was followed by a bullish breakout above the 21 ema resistance zone as expected in our analysis.
In this article: BITCOMP
Lordstown Shares Plunge After CEO Steve Burns Resigns, Company Admits "Inaccurate" Pre-Order Disclosures
Article By:
Tyler Durden
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Monday, June 14, 2021 9:42 AM EDT
Shares of Lordstown Motors were hit in pre-market trading on Monday morning after Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez resigned from the company.
In this article: RIDE
GBP/USD Could Start A Move Up After Order Block Retest
Article By:
Nenad Kerkez
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Monday, June 14, 2021 9:37 AM EDT
GBP/USD has formed an order block at the POC zone. We should see a bounce.
Gold Struggles In A Morass Of Volume Resistance
Article By:
Anna Coulling
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Monday, June 14, 2021 9:24 AM EDT
Last week was a struggle for gold which ended the week lower at $1879.60 per ounce.
In this article: GLD
Turkish External Deficit Recovery Accelerates
Article By:
ING Economics
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Monday, June 14, 2021 9:10 AM EDT
The Turkish current account continued to improve in April driven by a fall in gold imports and an uptrend in exports despite strong commodity prices.
Energy Report: The Hedge Funds Are Back
Article By:
Phil Flynn
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Monday, June 14, 2021 8:56 AM EDT
All of a sudden the hedge funds love oil again. Headphones that in recent weeks into abandon the oil complex as they worried that the resumption of Iranian nuclear talks would bring a flood of oil to the marketplace.
Dollar Could Dive Below 90-Level If Fed Ignore Tapering Discussion
Article By:
Fullerton Markets
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Monday, June 14, 2021 8:51 AM EDT
If the Federal Reserve’s view on inflation prevails, a few key things must change, particularly when it comes to getting people back to work.
In this article: UUP
Trade Of The Week: RBLX
Video By:
Jay Soloff
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Monday, June 14, 2021 8:46 AM EDT
While the meme stocks have been getting most of the headlines lately, Roblox continues to have very active options. One day last week, around 140,000 options traded, with 70% of the activity on the call side.
In this video: RBLX