Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.
On Tuesday, crude oil gained 1.17% as hopes that crude oil inventories could decline for a third consecutive week weighed on...
Nadia Simmons
Nadia is a private investor and trader, dealing in currencies, commodities (mainly crude oil), and stocks. Using her background in technical analysis, she spends countless hours identifying market trends, major support and resistance zones, breakouts and failures. In her writing, she presents complex ideas with clarity that enables you to easily understand market changes, and profit on them. Nadia is the person behind Sunshine Profits' 3 premium trading services: Forex Trading Alerts, Oil Trading Alerts, and Oil Investment Updates.
Articles by Nadia Simmons
Earlier today, the British pound extended gains and hit a 4-1/2 year high against the greenback as upbeat U.K. employment data released on Wednesday still weighted on the pair. Thanks to these circumstances, GBP/USD broke above the...
Earlier today, the greenback moved higher against the British pound after better-than-expected jobless claims data, which showed that the number of people filing for initial jobless benefits in the week ending April 4 declined to an almost...
The U.S. dollar moved higher against major currency pairs after better-than-expected initial jobless claims data. Earlier today, the Department of Labor showed in its report that initial claims for jobless benefits in the week ending March...
Trading position (short-term, our opinion): Short. Stop-loss orders for crude oil and WTI Crude Oil (CFD): $102.95.On Tuesday, crude oil gained 1.60% after information that a pipeline connecting Oklahoma storage with Gulf Coast refineries...
Earlier today, the U.S. dollar moved higher after positive economic data. The Commerce Department reported that personal spending rose 0.4% (above expectations for an increase of 0.1%) and personal income rose 0.3% (also above expectations...
The U.S. dollar extended gains after stronger-than-expected U.S. home sales data. Earlier today, the Commerce Department showed that new home sales rose 9.6% to 468,000 units in January, while analysts had expected a 1% drop to 400,000....
The U.S. currency was little changed near recent lows against major currencies as U.S. markets are shut for the President’s Day holiday and trade volumes remain thin. Nevertheless, it’s worth noting that the greenback declined to a four-...
The U.S. dollar remains mixed against major currencies after Federal Reserve Chair Janet Yellen signaled that recent soft economic data haven't swayed the central bank from a strategy of trimming its monthly bond purchases by $10 billion...
Earlier today, the U.S. currency rose against most of major currencies as expectations that the Federal Reserve will continue to scale back stimulus program this week fueled demand for the greenback. What impact did these moves have on...
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