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Tuesday, May 14, 2024

The industrial revolution is the main thing that mattered

The industrial revolution is the main thing that mattered

I saw this chart the other day from Janatan Pallesen and had to pass it on. He argues that the industrial revolution is the only thing that really mattered in the long arc of human history, and certai... 

tranche

USDCHF bounces off support and stays below hourly MAs

USDCHF technical bias is shifted to the sellers. Near the start of the US session, the USDCHF was testing the 100/200 hour moving averages (MAs - blue and green lines in the chart above). After fallin... 

Crude oil settles at $78.02

Crude oil futures are settling at $78.02. That is down -$1.10 or -1.39%. The high price reached $79.35. The low price reached $77.71. The price is closing below its 100-day moving average for the sec... 

Copper prices hit a record, breaking $5 per pound for the first time

The May and June US copper contracts both touched $5 per pound today, a record high for the the metal. The story is well-known and something I've been writing about for years : There has been minimal... 

EURUSD did find sellers at 100 day MA target

EURUSD sellers show up at the 100 day MA The EURUSD had the 100-day MA (at 1.08252) as a key target at the start of the trading day. After the pair moved above the swing area between 1.07950 and 1.080... 

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FX option expiries for 14 May 10am New York cut

There are a couple to take note of, as highlighted in bold . The first ones are for EUR/USD at the 1.0750 and 1.0800 levels. The latter will be of more interest as it acts alongside offers at the figu... 

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