Trader Dan
Articles by Trader Dan
FOMC and Oil . That double whammy was too much for the Cando in today’s session as the currency broke down into a fresh ELEVEN YEAR LOW. Though it too did manage to bounce off the session lows as the US Dollar experienced a round of...
In a bit of a surprise today, crude oil somehow managed to pop high after falling below $35 at one point. It seems like it was more a case of running out of sellers rather than aggressive new buying.
Part of the reason for the move...
Part of the reason for the move...
Silver cracked the $14 level in today’s session but managed to recover prior to the close. Some of the recovery was aided by the retreat of the US Dollar away from the magical 100 level basis the USDX.
As the Dollar backed off from...
As the Dollar backed off from...
So how does it fell Mr. Euro to get smacked upside the head by your supposed caretaker?
Mario Draghi must be taking lessons from the Bank of Japan because this is one of the best verbal whoopin’s I have seen put on a currency.
Mario...
Mario Draghi must be taking lessons from the Bank of Japan because this is one of the best verbal whoopin’s I have seen put on a currency.
Mario...
Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements.
The...
The...
The US Energy Information Administration released their weekly data this morning as usual. The reaction to the data from crude oil was anything but the usual. Most everyone in the industry was looking for a draw in crude oil stockpiles...
Silver’s fate will be determined over the next few weeks by the events unfolding around China’s stock market.
If their equity markets stabilize, and if it looks as if the worst is over, silver will stabilize as well. If not, then...
If their equity markets stabilize, and if it looks as if the worst is over, silver will stabilize as well. If not, then...
Over the past month, we have been subjected to one breathless article after another predicting a huge upside blowout in silver as “the trapped shorts are forced out”.
“The rise in open interest to a record high, even higher than when...
“The rise in open interest to a record high, even higher than when...
First of all, Happy Father’s Day to all you Dads out there. There is no greater or fulfilling calling in life than being a dad. Everything else pales in comparison.
Secondly, Dad’s must make a living to provide for their family and that...
Secondly, Dad’s must make a living to provide for their family and that...
Last night in the Asian trading session, Bank of Japan Governor Kuroda made some remarks, which I found rather unusual.
Here is the actual quote:
“Once an increase in the U.S. interest rate is priced into the market, the actual...
Here is the actual quote:
“Once an increase in the U.S. interest rate is priced into the market, the actual...
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