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Friday, April 11, 2025

American Market Recap: Gold has its best week since since the March 2023

Gold has its best week since since the March 2023

Goal technicals The price of gold continued it run to the upside, for the third week or oh extended above a topside channel trendline. That trendline cuts across at $3082 and moving higher. The price... 

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Crude oil futures settled $61.50. Key target near $63.64 held resistance this week

The price of crude oil futures are settling at $61.50. That is up $1.43 or 2.3%. The high price today reached $61 in a seven cents. The low price was at $59.46. For the week, the price is down $0.78 o... 

Nasdaq held 200 week MA this week. Back above the 100 week MA

The low price in the NASDAQ this week stalled at 14,784 , just above the 200-week moving average , which currently sits at 14,616.37 . Notably, this isn't the first time that level has attracted suppo... 

Collins: Fed 'absolutely' ready to help stabilize markets if needed

An interview with Collins is out in the FT . I take her comments to signal that the Fed would be there if things got disorderly (as always) but some in the market are taking it as a stronger signal th... 

Bitcoin rises to the highs of the week

I'm increasingly open to the idea that bitcoin could disconnect from the risk trade in light of risks around the US dollar and turmoil in the world. There is a strong correlation between bitcoin and t... 

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Latest Forex Orders

FX option expiries for 11 April 10am New York cut

Amid the chaos in the markets, the relevance of option expiries during a week like this tends to be rather low. The relative impact of the expiries is extremely minimal when traders are more focused o... 

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