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EURUSD Breaks Major Horizontal Support

EURUSD Breaks Major Horizontal Support

The past few days for the euro have been pretty dramatic. All of the pairs with the euro as the base currency are in the red. In this piece, we will focus on the most popular instrument on the Forex market – EURUSD. Last week was a real roller-coaster for this pair. In the first […]
Bullish Swing-Trading Watch-List Should This Market Stop Feeling So Blue

Bullish Swing-Trading Watch-List Should This Market Stop Feeling So Blue

We haven’t seen the type of sell-offs that struck fear into investors like that of February and October…  But the selling of the last three days have certainly caught the attention of everyone involved in this market. Mega cap stocks like Apple (AAPL) and Goldman Sachs (GS) are dragging the market lower and should today worsen even more than […]
Key Levels To Watch For Gold And The USD

Key Levels To Watch For Gold And The USD

Richard Postma (Doc) joins me today to share his thoughts on the gold sector and the US dollar. With the dollar breaking out and looking to continue this move it will weigh on the metals. There are also some key levels to watch for gold and GDX as we move to the end of the […]
What Election Rally?

What Election Rally?

It’s days like this where the major US equity exchanges should take a page out of the fixed income market playbook and just stay closed on bank holidays. It’s bad enough that stock traders all have to work while their fixed income counterparts enjoy the three-day weekend, but to come into the office for this? […]
For The First Time In 5 Years, China Drops Key Currency Pledge In Sign Of Growing Angst

For The First Time In 5 Years, China Drops Key Currency Pledge In Sign Of Growing Angst

Remember how, earlier this month, the yuan staged a rally so large that it qualified as a 6+ standard deviation event going all the way back to the end of the dollar peg? That “black swan” event came courtesy of hopes that Donald Trump’s tweet about a phone call he had with Xi signaled the beginning of […]
Oil Price Tumbles As Trump Says OPEC Shouldn’t Cut Production

Oil Price Tumbles As Trump Says OPEC Shouldn’t Cut Production

Having surged higher at last night’s futures open on the heels of headlines about Saudi’s about-face on production, President Trump has reversed those gains as he tweeted: “Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!”, Hopefully, Saudi Arabia and OPEC will not be cutting […]
Apple Cracks, Tech Sector, GE Hit By Weak Forecasts, Trump Blames Democrats

Apple Cracks, Tech Sector, GE Hit By Weak Forecasts, Trump Blames Democrats

Apple and tech stocks started a decline with earnings weakness. The Dow went along for the ride. Trump blames Democrats. The Wall Street Journal reports U.S. Stocks Slide, Dragged Lower by Tech Sector The Dow Jones Industrial Average tumbled more than 400 points Monday as anxiety over the health of technology behemoths sparked a broad retreat […]
EUR/CHF Is Headed South

EUR/CHF Is Headed South

In this piece, we will describe the situation on EURCHF, where a week ago we were waiting for a buy signal. We did not say that there’d be a buy signal right now, but we acknowledged the possibility: “As long as we stay below the Fibo mentioned above, sentiment will remain negative, but the breakout of this […]
NZD/USD Weekly Technical Outlook– Kiwi Eyes Yearly Slope Resistance

NZD/USD Weekly Technical Outlook– Kiwi Eyes Yearly Slope Resistance

In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The New Zealand Dollar has rallied nearly 5% off the yearly lows with price now targeting critical down-trend resistance. Here are the key targets & invalidation levels that matter on the NZD/USD weekly chart. NZD/USD WEEKLY PRICE […]
US Markets Selling Off, USD Breaking Out, And Liquidity Is Still Around

US Markets Selling Off, USD Breaking Out, And Liquidity Is Still Around

Chris Temple, Editor of The National Investor joins me to discuss the major market moves today. The US Dollar is further breaking out which makes sense when you look at the economic data and the hawkish Fed. As for the US markets the sell-off is picking up steam today, however, there are a couple sectors […]