Futures
A Dreaded Currency Is on the Rise

A Dreaded Currency Is on the Rise

The Japanese yen, everyone's dreaded safe-haven, is on the rise. Futures on the currency (@JY) rose 0.85 percent, their biggest daily gain since May. There's also signs of a potential upward reversal after a breakout through the 50-day moving average. (Today's move...

How Low Can Oil Go?

How Low Can Oil Go?

Energy just had its worst month in decades, and the bears are still in control. Crude oil futures (@CL) dropped 7.2 percent yesterday, their biggest decline in over three weeks. Not only did they break under the psychologically key $50 level, @CL also closed at the...

Support and Resistance at Play on Some Key Charts

Support and Resistance at Play on Some Key Charts

Support and resistance may be at play on some key charts. In case you don't know, support and resistance are important price levels where buyers and sellers tend to be active. Traders often use them to decide when to enter or exit positions. One technique is to buy a...

Yuan and Yen Showing Risk as China Troubles Mount

Yuan and Yen Showing Risk as China Troubles Mount

Asian currencies are still flashing red signals as the situation in China worsens. The yuan hit a 10-year low against the U.S. dollar overnight before rebounding slightly. Meanwhile, the safe-haven Japanese yen continues to advance against other economically sensitive...

Don’t Ignore This Currency as Fear Sweeps Market

Don’t Ignore This Currency as Fear Sweeps Market

The Japanese yen is gaining steam as fear sweeps the market. The currency has long been viewed as a safe haven because of Japan's huge trade surplus and low interest rates. Money traditionally flows away from the country when times are "good" and vice versa when times...

Energy Waffles as Iran Sanctions Draw Near

Energy Waffles as Iran Sanctions Draw Near

The S&P 500 bounced after last week's sharp drop, but oil hasn't been so lucky. Crude oil futures (@CL) closed yesterday at their lowest level in a month. The weakness comes as news events turn potentially bearish for the commodity. Government statistics on crude...

Emerging Markets? More Like Diverging Markets!

Emerging Markets? More Like Diverging Markets!

A sharp dichotomy has appeared in emerging markets as Asia struggles and oil rallies. The iShares MSCI India ETF (INDA) is down 8 percent in the last two weeks and the iShares China Large-Cap ETF (FXI) has declined 2 percent. Meanwhile, the iShares Brazil MSCI ETF...

Attention Returns to Oil as Iran Sanctions Loom

Attention Returns to Oil as Iran Sanctions Loom

Bullish sentiment seems to be growing in the energy market as Iranian sanctions take hold. U.S. WTI crude oil futures (@CL) are pushing the top of their 2018 range, while the spot price on European Brent hit a four-year high this week. The gains have come despite...

There Are Signs of Fear Leaving the Market

There Are Signs of Fear Leaving the Market

Stocks are bouncing today after Washington and Beijing exchanged tariffs. Beyond those headlines, various signs have suggested fear is leaving the market. First, look at sector performance. In the last week, "risk-on" sectors like energy and industrials have...