The Traderszone Network

The Australian market has no clear direction, and that could make it vulnerable to shocks, Daryl Guppy writes.

Since election day, the Trump administration has been hit with an unprecedented number of intelligence leaks as classified information seems to be flowing quite freely from Obama holdovers occupying various government agencies and members of the intelligence community directly to various mainstream media outlets.  At this point, one has to wonder why the Washington Post and the New York Times shouldn’t just have an office setup inside the NSA with server access and the highest security clearance…taxpayers might actually some money if we didn’t have to pay for our spies to sneak around Was

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** While Erin is away, we will be posting some of her “greatest hits” educational blogs. Some information may be dated **

With the market bottoming and taking a positive turn, I decided it might be a good time to review the results of one of my favorite and nicely discriminating short-term scans. It looks for stocks that are in a positive configuration of the 50/200-EMAs; meaning 50-EMA > 200-EMA which we consider the stock is in a “bull market”. 

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OPEC officials have said the purpose of the two-day gathering, which wraps Tuesday, is to discuss ways to improve compliance level to the deal, which went into effect in January in hopes of reducing historically high global stockpiles of crude.
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Our live blog is tracking reactions after Chinese trade data disappointed markets by growing less than expected.

Fourteen middle-aged women in China have been jailed for intimadating debtors, the SCMP reports.

Economic data risk coming up in this session 8 Aug
Greetings one and all.
How’s your start to the week ?
Data/event wise today it’s another quiet one but let’s hope for some opportunity for pips in any case.