Stay updated with breaking news from Week Moving Average. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The volatility that has stirred in the broader financial markets doesn’t full encompass the retreat in a range of ‘risk’ assets that we have seen for some weeks. That erosion has hit many of the Ye...
Crude oil managed to stabilize its dramatic bearish trend this past week, but the current continues to carry the commodity lower. The tipping point for this commodity stands very prominently at 62....
Crude Oil Progressive Bull Trend Confronts 6-Year Resistance: Break or Hold? 2021-07-10 04:00:00 John Kicklighter, Chief Strategist Crude Oil Technical Forecast Talking Points: Crude oil closed Friday in the red, breaking a run of six consecutive weeks’ advance The prevailing technical trend is still firmly bullish until there is a break below the 50-day moving average and trendline support stretching back to November at 68 Volatility from this past week coincides with a general risk market shudder but the stall at 76 exerts technical weight in a long-term double top and Fib What time frame...
(MENAFN - DailyFX) AUDUSD, AUDJPY and AUDNZD Technical Forecast Talking Points: AUDUSD put in for a 1.1 percent advance this past week putting the benchmark market in striking distance of 2021 highs A larger structural bull trend is going through a period of congestion which awaits a clear break between 0.7820 and 0.7560 for AUDUSD AUDJPY is more highly tuned to risk trends with a new two-year high facing heavy Fib resistance while AUDNZD deals with congestion Technical Forecast for Australian Dollar : Bullish AUDUSD Rebound Solid but Shy of Two-Month Range Top With risk appetite u...
12/18/2020 3:02:17 AM GMT Initial unemployment claims rose for the fourth time in five weeks. 4-Week Moving Average in Initial Claims The best way to spotlight trends in initial claims is to look at the 4-week moving average. I added that chart for this week's report. The 4-week moving average trend lower bottomed two weeks ago at 740,000 and is now 812,500. It rose for the second consecutive week. That hasn't happened since April 18. Initial State Unemployment Claims in 2020 2020-11-17 Initial unemployment claims are seasonally adjusted. Initial claims were in the 200,000 to 215,000 ...